---
schema_version: "secwatch.filing_event.v1"
accession: "0001720420-23-000028"
form_type: "8-K"
ticker: "IBEX"
cik: "0001720420"
company_name: "IBEX Ltd"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:05:35.666357+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001720420-23-000028
- form_type: 8-K
- ticker: IBEX
- cik: 0001720420
- company_name: IBEX Ltd
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720420/000172042023000028/0001720420-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720420/000172042023000028/ibex-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001720420-23-000028
- JSON: https://secwatch.observer/filing/0001720420-23-000028.json
- Plain text: https://secwatch.observer/filing/0001720420-23-000028.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720420/000172042023000028/0001720420-23-000028-index.htm

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