Record Revenue and Double-Digit Growth
IBEX achieved record revenue of $140.7 million, marking an 11% increase year-over-year, returning to double-digit organic revenue growth.
Strategic Expansion into India
IBEX entered the India market, a strategic priority for the company, enhancing client delivery options and expected to provide additional growth opportunities.
Robust AI Solutions and Pipeline
The company reported significant wins with its Wave iX AI solutions, with a robust pipeline of over 75 opportunities and nine deployments expected in fiscal Q4.
Strong Performance in Offshore Regions
Offshore revenues grew by 19% year-over-year, contributing to gross margin improvement, now comprising 51% of total revenue.
Revenue Growth Across Key Verticals
Notable revenue growth in health tech (20%), travel, transportation, and logistics (19%), and retail and e-commerce (15%).
Share Repurchase Program
IBEX announced a new $15 million share repurchase program, reflecting confidence in the company's financial strength.
Increase in Adjusted EPS
Record adjusted EPS of 82¢, up 18% from a year ago, driven by higher revenue and improved operating performance.