Business
IBEX Limited Announces Second Quarter of Fiscal Year 2022 Financial Results
Key Highlights Revenue increased 12.8% to $132.2 million, representing a combined two-year growth of 23%Revenue generated from clients won since FY16 grew
About this update from Ibex Limited
[{"type":"text","content":"Key Highlights Revenue increased 12.8% to $132.2 million, representing a combined two-year growth of 23%Revenue generated from clients won since FY16 grew 57%, representing 70% of total revenuesFully diluted earnings per share increased to $0.45, compared to $0.13 in the prior year quarter.Non-GAAP adjusted EBITDA was $17.8 million, compared to $18.0 million in the prior year quarter and up from $11.5 million sequentiallyRobust and rapid diversification of our client baseNet income increased to $8.5 million, compared to $2.5 million in the prior year quarter.Continued 100% retention of our top 20 clientsMajority shareholder, TRGI, retired a portion of its share capital and approved a partial transfer of its ownership stake in ibex to its shareholders, which will increase the company’s public float over timeBoard of Directors approved $20 million share repurchase programInsider plan buying across key members of ibex’s Board and Executive Leadership TeamRaising fiscal year 2022 revenue growth guidance to 10 to 12 percent from 7 to 9 percent previously and reaffirming adjusted EBITDA guidance WASHINGTON, Feb. 16, 2022 (GLOBE NEWSWIRE) -- IBEX Limited (“ibex”), a leading global provider in business process outsourcing and end-to-end customer engagement technology solutions, today announced financial results for its second fiscal quarter ended December 31, 2021. “Our business is accelerating as our strategic shift into the digital-first marketplace takes effect,” said Bob Dechant, CEO of ibex. “In Q2, we delivered the highest quarterly revenue in the company’s history, which represented a 12.8% growth from prior year. Our business will continue to pick up pace in the second half of the fiscal year, driven by growth from our integrated omnichannel solutions across both our new and existing clients. Revenues from our new customers since 2016, which represent our strategic shift into the digital-first marketplace, grew by an impressive 57% on a year over year basis and now represent 70% of our total company revenue, up from 50% a year ago. Our legacy 3 clients, which at the time of the IPO were our largest 3 clients and predominantly Telco, now represent less than 20% of our total revenues, compared to 36% a year ago and 38% at the time of our IPO. We are excited about the trajectory of the business for the second half of FY22 and beyon...