---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-007011"
form_type: "8-K"
ticker: "IDT"
cik: "0001005731"
company_name: "IDT CORP"
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:08:51.959369+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IDT Q2 fiscal 2023 EPS surges to $0.57 from $0.28; NRS recurring revenue up 103%

## Summary
- Revenue down 7% to $314M, but income from operations up 32% to $18.2M.
- Net income attributable to IDT $14.6M vs $7.5M; Non-GAAP EPS $0.62 vs $0.30.
- NRS recurring revenue $18.3M (+103%); active POS terminals up record 1,600 to ~22,400.
- BOSS Money remittance revenue $17.6M (+47%); net2phone subscription revenue $16.3M (+30%).
- Consolidated Adjusted EBITDA increased 25% to $23.4M.

## SEC filing metadata
- accession: 0001493152-23-007011
- form_type: 8-K
- ticker: IDT
- cik: 0001005731
- company_name: IDT CORP
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005731/000149315223007011/0001493152-23-007011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005731/000149315223007011/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-007011
- JSON: https://secwatch.observer/filing/0001493152-23-007011.json
- Plain text: https://secwatch.observer/filing/0001493152-23-007011.txt

## Key facts
- Earnings Releases
  IDT CORP reported second quarter of fiscal year 2023, the three months ended January 31, 2023 results: revenue $314 million, net income $14.6 million, EPS $0.57.
  - Period: second quarter of fiscal year 2023, the three months ended January 31, 2023
  - Revenue: $314 million
  - Net income: $14.6 million
  - EPS: $0.57
  - Result: reported results
  source text: for the second consecutive quarter. Seats served increased by approximately 18,000 sequentially to end 2Q23 at approximately 327,000; ● Consolidated revenue decreased 7% to $314 million while the consolidated direct cost of revenue decreased 14% to $222 million; ● Consolidated income from operations increased 32% to $18.2 million; ● Net income attributable to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005731/000149315223007011/0001493152-23-007011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.