Subex Management Meet Update - Well Poised To Post Strong Growth: ICICI Direct

A visitor uses a desktop computers keyboard (Photographer: Krisztian Bocsi/Bloomberg).

Subex Management Meet Update - Well Poised To Post Strong Growth: ICICI Direct


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

We attended the virtual analyst meet of Subex Ltd. The company was founded in 1992 and provides software products and related services to communication services providers globally.

The company historically made acquisitions, which impacted its financials and led to higher debt. It also led to exit of its founders.

Over the years, the company has managed to reduce debt significantly and stabilised its operations.

Going forward, the company believes it can grow its core business (~95% of revenues) at 10% while remaining (5% or $2 million) new business is expected to grow to $18 million in coming years.

Click on the attachment to read the full report:

ICICI Direct Subex Management Meet Note.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.