IBEX Q2 FY2024 revenue down 4.8% YoY to $132.6M; diluted EPS $0.33 vs $0.49 prior year

IBEX Ltd

2024-Q2 EPS reported $0.72 revenue$257,243,000

Net income fell to $6.1M from $9.3M; net income margin declined to 4.6% from 6.7% a year ago.
Eight new client wins in the quarter, bringing H1 total to 12 vs 7 in the prior year period.
CEO cited volume softness with several clients as a headwind to top and bottom lines.
Strategic investments in sales and AI capabilities are being made to drive future growth.
Revenue of $132.6M decreased 4.8% compared to the prior year quarter.

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 0.99

IBEX Ltd reported its second fiscal quarter ended December 31, 2023 results: revenue $132.6 million, net income $6.1 million, EPS $0.33.

Period: its second fiscal quarter ended December 31, 2023
Revenue: $132.6 million
Net income: $6.1 million
EPS: $0.33
Result: reported results

Exact text from the filing

& E-Commerce and new emerging Technology companies, totaling twelve for the year to date compared to seven in the prior year period. GAAP Financials: • Second quarter revenue of $132.6 million declined 4.8% from the prior year quarter. • Net income was $6.1 million compared to $9.3 million in the prior year quarter. Net income margin was 4.6% compared to 6.7% in the

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Source: SEC EDGAR

accession 0001720420-24-000009

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