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Jun 30, 2023
IBEX Q4 2023 Earnings Report
IBEX achieved record financial results, driven by new client wins and margin expansion.
Key Takeaways
IBEX Limited reported a 0.7% increase in revenue for the fourth quarter of 2023, reaching $124.4 million. Net income decreased to $4.5 million, with diluted earnings per share at $0.24. Adjusted EBITDA increased by 21.0% to $15.4 million, with adjusted EBITDA margins at 12.4%.
Revenue increased 0.7% to $124.4 million compared to the prior year quarter.
GAAP net income and diluted earnings per share declined to $4.5 million and $0.24, respectively.
Non-GAAP adjusted EBITDA increased 21.0% to $15.4 million.
Adjusted EBITDA margins increased to 12.4%.
IBEX
IBEX
IBEX Revenue by Segment
Revenue by Segment
BPO 2.0 Clients Revenue
CapyFin.com Forward Guidance
For the first quarter fiscal 2024 revenue is expected to be in the range of $122 to $125 million, reflective of the macroeconomic impacts. Adjusted EBITDA margin should increase to approximately 11% versus 10% in the prior year quarter on a US GAAP basis.