IBEX reported a strong second quarter with record revenue and EPS, driven by double-digit growth across key verticals and continued market share gains. The company is investing in AI solutions and capacity expansion, leading to raised full-year guidance for revenue and adjusted EBITDA.
Record second quarter Revenue, Adjusted EBITDA, EPS, and Adjusted EPS.
positiveRevenue grew 17% year-over-year to a record $164.2 million, marking the fourth consecutive quarter of double-digit growth.
positiveDiluted EPS grew 45% year-over-year to $0.83, and adjusted diluted EPS grew 46% to $0.87.
positiveAdjusted EBITDA increased 25.2% to $20.7 million, with adjusted EBITDA margin expanding 80 bps to 12.6%.
positiveRaises Fiscal Year Revenue and Adjusted EBITDA Guidance.
positiveFree cash flow was negative $(5.1) million compared to $(3.2) million in the prior year quarter, driven by increased capital expenditures.
attentionCapital expenditures increased significantly to $11.7 million from $4.3 million in the prior year quarter, due to capacity expansion.
attentionPurchase of treasury shares was $2.8 million in the quarter, a significant decrease from $46.6 million in the prior year quarter.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
HealthTech | N/A | — | — | — |
Travel, Transportation and Logistics | N/A | — | — | — |
Retail & E-commerce | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Ibex continued to carry forward the momentum built over the past two years, and delivered an outstanding second quarter with revenue growth of 17% to a record $164.2 million and adjusted EPS growth of 46%.
This terrific performance is a direct result of exceptional operational delivery for our blue chip clients, enabling us to win significant market share from our competitors. In addition, our new logo engine delivered strong results.
We continue to advance our leadership position in deploying AI solutions for our clients both internally within our operations as well as deployment of AI Agents to interact with our clients’ customers. All this is enabling us to extend our separation from the traditional BPO pack.
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