Further, we have started certain promotional campaigns and teasers on social media websites, which will continue till the day of the launch of the platform, it said.
is involved in helping global communications service providers maximise their revenues and profitability. Subex leverages product portfolio in areas such as revenue assurance, fraud management, network analytics, and partner management, and complements them through its digital solutions such as Internet of Things (IoT) security and insights. Subex also offers scalable managed services and business consulting services.
For the first nine months ended December 2020 (9MFY21), Subex had reported a 119 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 36.1 crore on the back of strong operational performance. The management said the company is seeing steady progress in new project initiation from its customers and has won several contracts around core portfolio from some of the largest names in the telecom world, including Telefonica and Saudi Telecom Company.
The company has a cash balance of over Rs 160 crore as against a huge debt just a few years back, which is encouraging. We are excited at the prospect of the upcoming launch of the Augmented Analytics platform, which will revolutionise how enterprises adopt Artificial Intelligence, the management said while announcing its December quarter results on February 1.
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