IT software products firm Subex announced Q3FY23 results: Q3FY23 vs Q2FY23: Revenue for the period at Rs 737 million as against Rs 745 million for the quarter ended September 30, 2022. EBITDA for the period at Rs 51 million as against Rs 3 million for the quarter ended September 30, 2022. Profit after Tax (PAT) for the period at Rs (47) million as against Rs (49) million for the quarter ended September 30, 2022. Q3FY23 vs Q3FY22: Revenue for the period ended December 31, 2022, is at Rs 737 million as against Rs 877 for the quarter ended December 31, 2021. EBITDA for the period ended December 31, 2022, is at Rs 51 million as against Rs 80 million for the quarter ended December 31, 2021. Profit after Tax (PAT) for the period ended December 31, 2022, is at Rs (47) million as against Rs 21 million for the quarter ended December 31, 2021. Vinod Kumar, Managing Director & CEO, Subex, said "The results for the third quarter of FY23 are consistent with the fact that Subex is in the process of transitioning its customers to a subscription-based HyperSense model. On the portfolio front, the improved capabilities of HyperSense Al has enabled us to expand our GTM initiatives into industries beyond telecom and we have the right team onboard to support this growth. Additionally, we have made good progress in the new areas, as demonstrated by Sectrio's win at a large Indian Oil and Gas company with trans-national infrastructure and are poised to take advantage of emerging opportunities in these segments." Result PDF