5:15 AM -- Revenue assurance specialist Subex Ltd. will be hoping for a better second half of 2012 following a grim first quarter of its new fiscal year: The Indian company reported a 24 percent year-on-year dip in revenues and a net loss. (See Subex Suffers Loss.)

Not surprisingly, its investors reacted badly, sending Subex's share price down more than 6 percent on the Bombay Stock Exchange.

So can the Service Provider Information Technology (SPIT) company recover in the coming months? Well, there's an increasing focus on the potential benefits to service providers of investing in revenue assurance/fraud management systems, especially as the annual global losses to network operators through fraud are projected to be US$40 billion, though that's a conservative estimate compared with other calculations. (See Losing Disney – Every Year and LTE Could Add to Leakage Woes.)

But that doesn't mean operators will invest in revenue assurance systems, even if the business case looks compelling (on paper). And if they do, there are other specialists fighting for revenue assurance deals. For more on that and the competition the company faces, see this Light Reading India article.

— Ray Le Maistre, International Managing Editor, Light Reading