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Jan 31, 2020
IDT Q2 2020 Earnings Report
IDT reported second quarter fiscal year 2020 results.
Key Takeaways
IDT Corporation reported net income per diluted share of $0.04 and Non-GAAP earnings per diluted share of $0.11 on revenue of $323.9 million for the second quarter of FY 2020.
Continued investment in higher growth and higher margin businesses.
Growth capital for higher growth businesses was provided from cash generated by core offerings.
Financial results reflect the increasing positive margin impact of newer businesses.
Stable contribution from legacy core offerings.