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Apr 30, 2020
IDT Q3 2020 Earnings Report
IDT's Q3 2020 results were announced, revealing resilience and growth in higher margin initiatives offsetting core offering decreases.
Key Takeaways
IDT Corporation reported a net income per diluted share of $0.02 and a non-GAAP earnings per diluted share of $0.08 on revenue of $321.3 million for the third quarter of fiscal year 2020.
The team transitioned to work from home rapidly, maintaining operations during the pandemic.
The resilience of the business and increased contribution from higher margin growth initiatives highlighted the quarter's results.
The increase in higher margin growth initiatives offset the decrease in contribution from lower margin core offerings.
The company is focused on adapting to meet the evolving needs of customers as the pandemic plays out.
IDT
IDT
Forward Guidance
The company is adapting to meet the evolving needs of customers as the pandemic plays out.