Bonus $100
Promo Codes 2024
Users' Choice
90
89
88
85

Subex net loss balloons in July-September

15 Nov 2012
00:00
Read More

Subex revenues for July to September, its second quarter for fiscal 2012, was pegged at $14.3 million, down 4.8% quarter-on-quarter.

The company suffered a net loss of $11.2 million, more than twelvefold compared to the previous quarter.

Amdocs posted an operating loss of $1.3 million mainly due to foreign exchange losses.

The company’s financing costs went up 60% to $2.4 million due to higher FCCB interest.

Amdocs expects that its full fiscal year 2013, overall revenues will likely to be within the range of $65 million to $66 million.

.

Related content

Tags:
Rating: 5