NASDAQ$IBEX
IBEX Limited · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
IBEX's financial performance for Q1 2024 showed increased profitability and EPS, with revenue at the higher end of guidance.
IBEX Limited reported a net income increase to $7.4 million, with diluted earnings per share rising to $0.39. Revenue was $124.6 million. The company established four new client relationships and continued integrating generative AI and automation into its delivery platforms.
- Revenue was $124.6 million, slightly below the prior year due to a shift to offshore regions.
- Net income increased to $7.4 million, with net income margins increasing to 6.0%.
- Adjusted EBITDA increased by 6.2% to $13.7 million, with an adjusted EBITDA margin of 11.0%.
- The company repurchased 134,524 shares at a total cost of $2.0 million during the quarter.
Headline financials
Revenue & EPS history
IBEX · Revenue · Quarterly
$125M
Forward guidance
IBEX reaffirmed its fiscal year 2024 guidance, expecting revenue between $525 to $535 million, an adjusted EBITDA margin of approximately 13%, and capital expenditures of $15 to $20 million.
Tailwinds
- Client diversification
- Strategic vertical expansions
- Solid start to the year
- Confidence in execution
- Strength of sales pipeline
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+4.9%
Avg return
Earnings day
+6.5%
Avg return
5 days after
+6.3%
Avg return
30 days after
61%
14 / 23 earnings
Positive
+36.1%
Q4 2020
Best reaction
-27.0%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -0.9% | +10.2% | +6.3% | |
| Q2 2026 | +2.3% | -11.8% | -10.8% | |
| Q1 2026 | -0.6% | -0.2% | -0.2% | |
| Q3 2025 | +19.2% | +9.2% | +16.6% | |
| Q2 2025 | +10.9% | +19.9% | +14.3% | |
| Q1 2025 | -0.8% | -1.1% | +0.5% | |
| Q4 2024 | +18.8% | +16.1% | +17.4% | |
| Q3 2024 | +2.2% | +5.1% | +9.5% | |
| Q2 2024 | -8.7% | -13.7% | -11.0% | |
| Q1 2024 | +2.2% | +6.4% | +5.9% | |
| Q4 2023 | -27.0% | -16.9% | -13.6% | |
| Q3 2023 | +4.8% | +15.0% | +14.4% | |
| Q2 2023 | +12.4% | +12.4% | -0.0% | |
| Q1 2023 | +12.3% | +14.1% | +19.2% | |
| Q4 2022 | +8.8% | +11.5% | +26.2% | |
| Q3 2022 | -3.1% | +2.6% | +3.5% | |
| Q2 2022 | +25.5% | +23.2% | +24.2% | |
| Q1 2022 | -12.5% | -12.5% | -26.0% | |
| Q4 2021 | -2.1% | -3.9% | -8.4% | |
| Q3 2021 | -5.6% | -4.7% | -22.0% | |
| Q2 2021 | +8.6% | +6.6% | -2.0% | |
| Q1 2021 | +9.1% | +18.9% | +23.7% | |
| Q4 2020 | +36.1% | +43.1% | +57.4% | |
| Q1 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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