Business
IBEX Limited Announces First Quarter Fiscal Year 2021 Financial Results
First Quarter Fiscal Year 2021 Record revenue increased 14.1% year-over-year to $108.8 millionNet loss was $3.4 million (non-GAAP adjusted net income of $5.2
About this update from Ibex Limited
[{"type":"text","content":"First Quarter Fiscal Year 2021\n Record revenue increased 14.1% year-over-year to $108.8 millionNet loss was $3.4 million (non-GAAP adjusted net income of $5.2 million)Adjusted EBITDA increased 41.3% to $15.6 millionEight new logos won and two new contact centers openedCompany raises guidance for fiscal year 2021 WASHINGTON, Nov. 16, 2020 (GLOBE NEWSWIRE) -- IBEX Limited (“ibex”), a leading global provider of outsourced CX solutions, today announced financial results for its fiscal quarter ended September 30, 2020. “We achieved record first quarter 2021 financial results for our first quarter as a public company – driving 14.1% year-over-year revenue growth, and positioning us to raise our fiscal year 2021 guidance,” said Bob Dechant, Chief Executive Officer of ibex. “Our results are a reflection of our success with New Economy clients and large blue chip clients who are shifting their customer interactions to digital. Our broad differentiated BPO 2.0 solutions are enabling us to rapidly win strategic new logo clients across key verticals, resulting in record growth.” Dechant continued, “Our Wave X technologies played a key role in enabling us to win new opportunities as well as had a big impact on our operational performance for our clients. The market is looking for tech-led solutions to enable digital transformation and ibex is well positioned to continue to win.” First Quarter Fiscal Year 2021 Financial Highlights: Revenue Revenue increased 14.1% to $108.8 million, compared to $95.3 million in the prior year quarter. Net Income / (Loss) Net loss was $3.4 million, including $4.4 million of non-recurring costs, compared to net income of $2.3 million in the prior year quarter.Net margin was (3.1)%, compared to 2.4% in the prior year quarter.Non-GAAP adjusted net income increased to $5.2 million, compared to $3.1 million in the prior year quarter. Adjusted EBITDA Non-GAAP adjusted EBITDA increased to $15.6 million, compared to $11.0 million in the prior year quarter.Non-GAAP adjusted EBITDA margin increased to 14.3%, compared to 11.6% in the prior year quarter. Earnings Per Share IFRS basic and fully diluted loss per share was $(0.21) in the first quarter of fiscal year 2021 compared to IFRS basic and fully diluted earnings per share of $0.00 in the prior year quarter.*Non-GAAP pro forma fully diluted adjusted earnings per share...