SUBEX
Subex Azure has downgraded its guidance for FY08 citing
slowdown in a key customer in the US, which has resulted
in delay of US$20m worth of deal flow (US$10m each for
Syndesis and organic business for Subex Azure) during
the year. The revised revenue guidance for FY08 now
stands at US$130m v/s US$150m earlier, down 13%. The
profit guidance for FY08 has been cut to US$26m from
US$38m earlier. In rupee terms, the revenue guidance has
declined to Rs5,200m v/s Rs6,150m earlier while the profit
guidance is Rs1,040m v/s Rs1,550m earlier (at Rs40/USD
v/s Rs41.5/USD
