Thread by @BullsforBears

@subex concall transcript Q2fy21

Revenue 933 vs 857 mn yoy, growth 9%
Ebidta up 23%, 254 vs 207 mn yoy
PAT 123 vs 63 mn yoy
Capital reduction exercise complete, shares relisted with FV 5
Project delivery delays due to challenges of remote working
#subex #telecom #IOT #nifty

Business front,telcos in Africa,EU tightening their purses,however longterm investment & exploration in 5G,Iot progressing well
IoT security side resumption of business talks stuck post March
Focus on Digital trust,Suresh Chintada new CTO

Digital trust lab to look at new tech like post quantum cryptography, homomorphic encryption, Blockchain

Tech mahindra deal to cooperate in Blockchain,to cover used spaces around digital trust area with our blocking solutions around their platform
@TechMahindraIES

@Telefonica engagement specific to provide IoT security to their customers

Tech mahindra type deal, no deployment yet,POCs with tier 1 customer, still in MVP(Minimum viable products stage),to take it aggressively fwd along with #techmahindra,if customer desires subex can do POC

#subex has partner ecosystem management soln help telcos to manage content providers on their networks like Netflix,Amazon,5g to increase telco partner base 10 times,help telcos cocreate portfolio together with their partners
Company working on Interconnect billing since long

Interconnect billing with telcos initially, however any client with multiple partners, to manage it onboard in creation of portfolio, settlement at end,cash flow manag,payment,on & off boardings

Oppurtunity in 5g area more in EU,MEA & North America

5g rollout in India to attract more business,till then telco business revenue to remain at current levels

Telco mkt is mature,no pricing power,sticky relationship for 10-15 yrs,difficult to switch
75% business existing customers or new business from same,20-25% from new logos

Increase headcount by 100 for sustaining existing business,also new product offerings,to account for any attrition during the quarter,5 crs increase in salary cost
Cash balance of about 140 crs till Q2,focus to use of for fuelling growth, no buyback or dividend plans
#subex

Filed for 2 patents,both in progress,takes 5 to 6 yrs,but patent application has been accepted
Order book at end of H1 at $15 million
Contingent liabilities significantly down from March 2019

Digital trust is set of portfolios, 3 layers
Fundamental layer of risk management
Next layer is of security & identity
3rd layer rovides a strategic element like brand,real time insights,predictability, customer experience
In telecom all 3 layers operating
@subex #stocks

Telcos services complex
Eg.if OTP for certain situations,telcos want you to check persons location,person has acquired new phone,travelling new destination before a change of password,call up for verification,ensure entity other side is true entity,identification analytics

@thescorpionphil @Coolfundoo @tycoonmindset05
@subex

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#subex #stocks #IoT #Telecom #techmahindra

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5g to be the next big growth driver
#subex #Telecom #5G #stocks #market