IBEX Q1 FY2024 revenue $124.6M (-2.5% YoY); net income up to $7.4M, EPS $0.39

IBEX Ltd

2024-Q1 EPS reported $0.39 revenue$124,609,000

Revenue $124.6M, down 2.5% YoY but at high end of guidance, driven by onshore-to-offshore migration.
Net income increased to $7.4M (6.0% margin) from $6.5M (5.1% margin) in prior-year quarter.
Diluted EPS rose to $0.39 from $0.35 YoY, reflecting improved profitability.
Management cites continued shift to higher-margin offshore regions as key revenue mix driver.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IBEX Ltd reported first quarter ended September 30, 2023 results: revenue $124.6 million, net income $7.4 million, EPS $0.39.

Period: first quarter ended September 30, 2023
Revenue: $124.6 million
Net income: $7.4 million
EPS: $0.39
Result: reported results

Exact text from the filing

First quarter revenue of $124.6 million was on the higher end of first quarter guidance, 2.5% less than the prior year period mainly due to continued migration from onshore to higher margin offshore regions. • Net income increased to $7.4 million from $6.5 million in the prior year quarter. Net income margins increased to 6.0%, from 5.1% in the prior year quarter. • Diluted earnings per share increased to $0.39 from $0.35 in the prior year quarter.

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Source: SEC EDGAR

accession 0001720420-23-000028

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