IDT Corporation ( (IDT) ) has released its Q1 earnings. Here is a breakdown of the information IDT Corporation presented to its investors.
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IDT Corporation is a global provider of fintech and communications solutions, offering services through its various segments including National Retail Solutions, BOSS Money, net2phone, and traditional communications. The company is known for its innovative solutions in the fintech and communications sectors, catering to a diverse range of consumer and business needs.
In its first quarter of fiscal year 2026, IDT Corporation reported significant growth across its key segments, with record levels of consolidated gross profit and Adjusted EBITDA. The company highlighted substantial increases in income from operations in its NRS, Fintech, and net2phone segments, showcasing its strong financial performance.
Key financial metrics revealed a 4% increase in consolidated revenue to $322.8 million, with gross profit rising by 10% to $118.2 million. The NRS segment saw a 22% rise in recurring revenue, while the Fintech segment’s income from operations nearly doubled. The net2phone segment also reported a 94% increase in income from operations, driven by the introduction of AI solutions.
Looking ahead, IDT Corporation remains optimistic about its growth prospects, with plans to continue expanding its premium services and integrating AI technologies across its offerings. The company maintains its guidance for fiscal year 2026, expecting to generate Adjusted EBITDA within the range of $141-$145 million, reflecting confidence in its strategic direction and market position.