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Jan 31, 2021

IDT Q2 2021 Earnings Report

IDT delivered strong results with significant year-over-year increases in consolidated revenue, income from operations, and EPS.

Key Takeaways

IDT Corporation reported a strong second quarter for fiscal year 2021, with net income per diluted share of $0.51 and non-GAAP earnings per diluted share of $0.49 on revenue of $340 million. The quarter was highlighted by revenue expansion from National Retail Solutions (NRS), BOSS Revolution Money Transfer, and net2phone-UCaaS.

IDT reported net income per diluted share of $0.51 for Q2 2021.

Non-GAAP earnings per diluted share were $0.49 for Q2 2021.

Revenue for Q2 2021 reached $340 million.

NRS increased revenue year-over-year by over 150%.

Total Revenue
$340M
Previous year: $324M
+4.9%
EPS
$0.49
Previous year: $0.11
+345.5%
Gross Profit
$70.6M
Previous year: $61.2M
+15.4%
Cash and Equivalents
$125M
Previous year: $75.7M
+65.5%
Free Cash Flow
$2.58M
Previous year: -$22.1M
-111.7%
Total Assets
$341M
Previous year: $440M
-22.4%

IDT

IDT

IDT Revenue by Segment

Forward Guidance

The company did not provide specific forward guidance in this earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income