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