Washington DC February 18 2022: TRGI subsidiary Ibex gained 19.47 percent or $2.7 to close the trading session at $16.57 on February 17 2022.
Company’s profitability for the second quarter 2022 beats analyst estimates rallied the stock.
Second quarter financial Key Highlights
Revenue increased 12.8% to $132.2 million, representing a combined two-year growth of 23%
Revenue generated from clients won since FY16 grew 57%, representing 70% of total revenues
Fully diluted earnings per share increased to $0.45, compared to $0.13 in the prior year quarter.
Non-GAAP adjusted EBITDA was $17.8 million, compared to $18.0 million in the prior year quarter and up from $11.5 million sequentially
Robust and rapid diversification of our client base
Net income increased to $8.5 million, compared to $2.5 million in the prior year quarter.
Continued 100% retention of our top 20 clients
Majority shareholder, TRGI, retired a portion of its share capital and approved a partial transfer of its ownership stake in ibex to its shareholders, which will increase the company’s public float over time
Board of Directors approved $20 million share repurchase program
Insider plan buying across key members of ibex’s Board and Executive Leadership Team
Raising fiscal year 2022 revenue growth guidance to 10 to 12 percent from 7 to 9 percent previously and reaffirming adjusted EBITDA guidance
