{"id":120398,"date":"2024-03-07T13:30:44","date_gmt":"2024-03-07T08:00:44","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120398"},"modified":"2024-03-07T15:24:46","modified_gmt":"2024-03-07T09:54:46","slug":"it-stock-jumps-5-after-it-won-a-2-2-million-deal-in-southeast-asia","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-5-after-it-won-a-2-2-million-deal-in-southeast-asia\/","title":{"rendered":"IT stock jumps 5% after it won a $2.2 Million deal\u00a0in Southeast Asia"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3904687796\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this leading telecom AI solutions provider soared 5 percent to an intraday high of \u20b938 per share on Thursday after the company bagged a $2.2 million deal from an international client.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-12379889\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:30 p.m, Subex Ltd. shares were trading at \u20b937.05 per share, up 2.26 percent from the previous close price on the stock exchange. The company has a market capitalization of \u20b92,082 crore.&nbsp;<\/p><p>Subex won a deal with a leading telecom operator in Southeast Asia, which involved the deployment of Subex&#8217;s state-of-the-art business assurance and fraud management solutions on HyperSense with an AI\/ML platform application over 5 years for a value of $2.2 million. According to the company\u2019s exchange filing,.&nbsp;<\/p><p>The project involves the deployment of AI and ML technologies for early risk identification, automates complex fraud detection processes, and enables the customization of ML models to adapt to emerging challenges.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-458688322\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s revenue has increased 11 percent year on year, from \u20b973.66 crore in Q3FY23 to \u20b981.82 crore in Q3FY24. During the same period, net losses have slightly reduced from \u20b94.68 crore to \u20b94.89 crore.&nbsp;<\/p><p>Subex is a software product company that works in the space of digital trust, i.e., it is focused on privacy, security, risk mitigation, predictability, and confidence in data, mainly in the telecommunications space, focusing on products for communications service providers (CSPs) globally.&nbsp;<\/p><p>Subex Ltd. shares have gained 7 percent on a year-to-date basis and 25 percent in a year.&nbsp;<\/p><p>The company derives 38 percent of its revenue from implementation, customization, and licencing, 24 percent from managed services, and the remaining 38 percent from service support.&nbsp;<\/p><p>Geographically, the company&#8217;s revenue distribution is as follows: 2 percent from India, 15 percent from America, 25 percent from APAC &amp; ROW, and 58 percent from EMEA.<\/p><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1320935917\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1950911107\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this leading telecom AI solutions provider soared 5 percent to an intraday high of \u20b938 per share on Thursday after the company bagged a $2.2 million deal from an international client.&nbsp; At 12:30 p.m, Subex Ltd. shares were trading at \u20b937.05 per share, up 2.26 percent from the previous close price on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-120398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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