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IBEX Announces Record Fourth Quarter and Fiscal Year 2024 Financial Results

Posted on by Vaseline
IBEX Announces Record Fourth Quarter and Fiscal Year 2024 Financial Results

  • Record annual net profit, earnings per share (EPS), adjusted net profit, adjusted earnings per share (EPS) and free cash flow
  • 18 new customer relationships won, primarily with retail, healthcare and gaming companies, compared to 10 in the previous year
  • Bought back 1.3 million shares at a total cost of $21.7 million in the 2024 budget year, which amounts to
    7.8% of our outstanding shares on June 30, 2024

WASHINGTON, Sept. 12, 2024 (GLOBE NEWSWIRE) — IBEX Limited (“ibex”), a leading provider of global business process outsourcing and end-to-end customer engagement technology solutions, today announced financial results for the fourth quarter and fiscal year ended June 30, 2024.

($ millions, except per share amounts)

Three months passed
June 30, 		Twelve months passed
June 30,
2024 2023 Change 2024 2023 Change

Gain

$

124.5

$

124.4

0.1

%

$

508.6

$

523.1

(2.8)%

Net income

$

9.8

$

4.5

118.3

%

$

33.7

$

31.6

6.6

%

Net profit margin

7.9

%

3.6

%

430 basis points per second

6.6

%

6.0

%

60 basis points

Adjusted net result (1)

$

10.2

$

6.2

63.7

%

$

38.4

$

36.9

3.8

%

Adjusted net profit margin (1)

8.2

%

5.0

%

320 basis points per second

7.5

%

7.1

%

40 basis points

Adjusted EBITDA (1)

$

17.9

$

15.4

16.1

%

$

65.2

$

66.6

(2.1)%

Adjusted EBITDA margin (1)

14.4

%

12.4

%

200 basis points

12.8

%

12.7

%

10 basis points

Earnings per share – diluted

$

0.56

$

0.24

133.3

%

$

1.84

$

1.67

10.2

%

Adjusted earnings per share – diluted (1)

$

0.58

$

0.33

75.8

%

$

2.10

$

1.96

7.1

%

(1)See the attached appendices for the reconciliation of each non-GAAP measure to the most directly comparable GAAP measure.


“We delivered record results across key financial metrics including full year net income, EPS, adjusted net income, adjusted EPS and free cash flow, and had a strong fourth quarter that exceeded our expectations,” said Bob Dechant, CEO of ibex. “Our fourth quarter earnings were encouraging and we are pleased to report that we have returned to year-over-year growth,” Dechant said.

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