Revenue up to $124.5M, Net Income at 56 cents a share
- IBEX shares trading higher after releasing fourth-quarter results
- Net income increased to $9.85 million, or 56 cents a share
- Revenue for Q4 was $124.5 million
- Fiscal year 2024 revenue: $508.6 million
- Expected fiscal year 2025 revenue: $510-$525 million
- First-quarter revenue forecast: $124-$126 million
IBEX shares rose after the company reported higher fourth-quarter net income and revenue. Shares increased by 9% to $18.36 following the release of the results. The global business process outsourcing and customer engagement technology solutions provider had a strong finish to the year, with a 1.6% gain in regular trading at $16.73. In Q4, net income reached $9.85 million or 56 cents per share, up from $4.51 million and 24 cents per share in the previous year’s corresponding period. Revenue for that time was $124.4 million. IBEX’s adjusted earnings per share were 58 cents, a significant improvement over the prior-year’s 33 cents. The company’s fiscal year 2024 revenue totaled $508.6 million. For fiscal year 2025, they expect revenue to be between $510-$525 million and first-quarter revenue at $124-$126 million.
Factuality Level: 9
Factuality Justification: The article provides accurate information about the company’s financial performance, including specific numbers for net income and revenue, as well as future revenue expectations. It is relevant to the topic and does not contain any sensationalism or personal opinions.
Noise Level: 3
Noise Justification: The article provides relevant information about the company’s financial performance but lacks in-depth analysis or contextualization of the results within the industry or market trends, and does not offer actionable insights for readers.
Public Companies: IBEX (null)
Key People: Stephen Nakrosis (Author)
Financial Relevance: Yes
Financial Markets Impacted: IBEX shares
Financial Rating Justification: The article discusses the financial performance of IBEX, a company involved in global business process outsourcing and end-to-end customer engagement technology solutions, and its impact on the company’s stock price. This is relevant to financial topics as it involves earnings, revenue, and market performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: The market move size mentioned in the article is a 9% increase after hours, with shares trading at $18.36.
Sector: Technology
Direction: Up
Magnitude: Large
Affected Instruments: Stocks
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