This software company that is engaged in the business of developing software products and providing telecom AI services, its share price gained 2 percent after receiving a work order worth $1.1 million from a European-based telecom company.
With a market capitalization of Rs 1,572.67 Crores, the shares of Subex Ltd were trading at Rs. 27.85 per equity share, down by 0.17 percent from its previous day’s close price of Rs. 27.90 per share.
Subex Ltd has received an order from a leading telecom operator based in Europe worth $1.1 million. The contract is said to deliver Fraud management on HyperSense AI /ML platform which includes Capex and Opex components for the international client.The company to execute a order within a timeframe spanning 5 years.
Commenting on the project award, Nisha Dut, CEO of Subex said, “We are thrilled to expand our footprint in Europe with this win. The operator which is a new logo for Subex has been at the forefront of connectivity solutions in the region, and it gives us great pride in partnering with them in their journey. Our AI-first Fraud Management solution on HyperSense is designed to help the operator meet the evolving challenges of today’s digital landscape, and we are confident it will result in excellent value”.
Subex Ltd is a software and telecom A1-based company providing services such as AI solutions, Business assurance, telecom network analytics, fraud and security, enterprise cybersecurity, enterprise billing, identity management, OT security, and partner ecosystem management.
As per the company’s latest quarterly reports (Q4FY24), the EBITDA stood at Rs 3.08 crores while the EBITDA margin rose by 3.68%. The EBITDA turned out to be positive for both the Q3 and Q4 quarters, during the financial year 2024.
The stock generated a return of 4.6 percent over the past year and an overall return of 43.99 percent for the past 5 years.
The company also has a good client base and is trusted by over 75 percent of the world’s top 50 telecom players such as Saudi Telcom Company (STC), Telstra, British Telecom ( BT), and many others.
Its Revenue from operations grew by 11.1 percent from Rs. 278.69 Crores in FY23 to Rs. 309 Crores in FY24, accompanied by losses of Rs 51.21 Crores to loss of Rs 191.73 Crores.
Written by Zahal
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