---
schema_version: "secwatch.filing_event.v1"
accession: "0001720420-24-000009"
form_type: "8-K"
ticker: "IBEX"
cik: "0001720420"
company_name: "IBEX Ltd"
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:42:44.483628+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001720420-24-000009
- form_type: 8-K
- ticker: IBEX
- cik: 0001720420
- company_name: IBEX Ltd
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720420/000172042024000009/0001720420-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720420/000172042024000009/ibex-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001720420-24-000009
- JSON: https://secwatch.observer/filing/0001720420-24-000009.json
- Plain text: https://secwatch.observer/filing/0001720420-24-000009.txt

## Key facts
- Earnings Releases
  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
  source text: & 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720420/000172042024000009/0001720420-24-000009-index.htm

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