Subex Ltd

Subex Ltd: Financial Turnaround & AI Impact in Telecom 📊📡

- Operates in a $1.7 trillion telecom industry with $30-40B in new annual spending

- ~70% of revenue is recurring annuity revenue

- EBITDA improved from -11% to +7.2% YTD

- PAT improved from -18.4% to +9% YTD

- GenAI has enhanced R&D efficiency and margin potential

- 25% increase in cash reserves

- GenAI accelerated product development, reducing timelines from years to months

- Fraudzap TM developed and sold rapidly

- Deep install base with high switching costs

- 95% customer retention

- Processes over 500B+ records per day across 100+ networks

- Proven flywheel model with AI-native products

- Expansion into new telco spend categories like agentic operations

- Leadership team with over 200 years of combined experience