Q1 2025 Ibex Ltd Earnings Call Transcript
Key Points
- IBEX Ltd (IBEX) achieved record first quarter revenue of $129.7 million, marking a 4.1% increase from the previous year.
- The company reported a record adjusted EPS of 52 cents, up 30% from 40 cents a year ago.
- IBEX Ltd (IBEX) expanded its adjusted EBITDA margin for the ninth time in the last 10 quarters, reaching 12%.
- The company successfully launched three new client relationships, including a significant win with a major e-commerce company.
- IBEX Ltd (IBEX) was recognized as number two for America's best employers for tech workers by Fortune Magazine.
- The fintech vertical experienced a revenue decline of 13%, impacting overall growth.
- Net cash generated from operating activities decreased slightly to $7.8 million from $8.7 million in the prior year quarter.
- The company's DSO increased to 75 days from 72 days, indicating slower collections.
- Free cash flow decreased to $4.1 million from $6.6 million in the prior quarter due to increased capital expenditures.
- The onshore region's revenue contribution decreased to 24% from 25% in the prior year quarter, reflecting a shift to offshore and nearshore operations.
Thank you for standing by. My name is Remi and I will be your conference operator today. At this time. I would like to welcome everyone to Ibex Limited first quarter, 2025 financials conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again to note there is company earnings tech presentation available on the Ibex Investor Relations website at investors.ibex.com. I will now turn this conference over to Mr Michael Darwell, head of Investor relations for Ibex. Please go ahead.
Good afternoon and thank you for joining us today. Before we begin. I want to remind you that matters discussed on today's call may include forward-looking statements related to our operating
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