Business Daily from THE HINDU group of publications
Wednesday, Oct 01, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, Oct 01, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Markets
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Stocks Info-Tech - Software
BL Research Bureau Subex’s $50-million order win with British Telecom provides long-term revenue flow for the company and also provides a boost towards achieving its 2008-09 revenue guidance. Interconnect billingThe deal is spread over three years and envisages Subex providing services such as interconnect billing and international billing and settlements. A couple of Subex’s products are also to be used for a different set of services, which provides scope for better realisations. Subex had given a revenue guidance for $125 million for the current fiscal. With an order backlog of $85 million, this deal provides a boost towards achieving its guidance. Project delaysThe company has had project delays and delays in execution as a result of which it has been reporting net losses for the last few quarters. The market seems to have given a thumbs down as the stock has lost nearly 74 per cent this year. With $180 million of FCCBs redemptions to contend with in 2012 and its share price plummeting, the balance sheet may remain quite strained for Subex. More Stories on : Stocks | Software
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