---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-020122"
form_type: "8-K"
ticker: "IDT"
cik: "0001005731"
company_name: "IDT CORP"
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:08:21.173388+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IDT Q3 FY2023 EPS $0.27, revenue $299M; fintech and cloud segments grow strongly

## Summary
- EPS up 50% to $0.27; Non-GAAP EPS $0.46 vs $0.22 prior year.
- Revenue $299M (-9% YoY); direct cost of revenue fell 15% to $210M.
- NRS active terminals 23,900 (+1,600 net); recurring revenue +65% to $16.5M.
- net2phone subscription revenue +20% to $17.1M; seats ~340,000.
- BOSS Money remittance revenue +29% to $19.4M; transactions +38% to 3.28M.

## SEC filing metadata
- accession: 0001493152-23-020122
- form_type: 8-K
- ticker: IDT
- cik: 0001005731
- company_name: IDT CORP
- filed_at: 2023-06-05T23:59:59+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/1005731/000149315223020122/0001493152-23-020122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005731/000149315223020122/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-020122
- JSON: https://secwatch.observer/filing/0001493152-23-020122.json
- Plain text: https://secwatch.observer/filing/0001493152-23-020122.txt

## Key facts
- Earnings Releases
  IDT CORP reported third quarter fiscal 2023 results: revenue $299 million, net income $6.9 million, EPS $0.27.
  - Period: third quarter fiscal 2023
  - Revenue: $299 million
  - Net income: $6.9 million
  - EPS: $0.27
  - Result: reported results
  source text: Consolidated revenue decreased 9% to $299 million while consolidated direct cost of revenue decreased 15% to $210 million. ● Consolidated income from operations decreased to $10.4 million from $13.3 million, including the impact of a $3.9 million charge in the Traditional Communications segment resulting from a legal settlement. ● Net income attributable to IDT increased to $6.9 million from $4.8 million. ● Consolidated Adjusted EBITDA ** increased 14% to $20.5 million. ● EPS increased 50% to $0.27 from $0.18.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005731/000149315223020122/0001493152-23-020122-index.htm

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