Welcome to our dedicated page for Ibex news (Ticker: IBEX), a resource for investors and traders seeking the latest updates and insights on Ibex stock.
IBEX Limited reports news on its outsourced business services, business process outsourcing, and AI-powered customer experience operations. Company updates commonly cover quarterly results, fiscal guidance, digital acquisition activity, growth across client verticals such as healthcare, technology, retail and e-commerce, utilities, logistics, fintech, and travel, transportation and logistics.
IBEX news also includes developments in AI-enabled customer engagement, including the ibex Wave iX solution suite, AI agent-to-human agent workflows, analytics, automation, responsible AI certification, technology partnerships, conference participation, and investor communications. These updates reflect the company's focus on end-to-end customer journeys for global brands across digital and contact-center channels.
IBEX Limited (Nasdaq: IBEX) announced that CEO Bob Dechant and CFO Karl Gabel will present and hold one-on-one investor meetings at the RBC Global Technology, Internet, Media, and Telecommunications Virtual Conference on November 17, 2020. The virtual fireside chat is scheduled for 8:40 a.m. ET, and it will be accessible via live audio webcast and archived on IBEX’s investor relations website. IBEX specializes in outsourced CX solutions, offering services such as customer acquisition, technical support, sales, and analytics.
IBEX Limited (Nasdaq: IBEX) will announce its first quarter fiscal year 2021 financial results on November 16, 2020, after market close. A conference call is scheduled for 4:30 p.m. ET to review financial results and business outlook. The company specializes in outsourced CX solutions, helping brands with customer engagement, technical support, and analytics.
ibex (Nasdaq: ibex) has announced the opening of a new 500-seat contact center in Managua, Nicaragua, creating over 800 jobs. Set to launch in early October, this modern facility will serve a Fortune 5 client. The site spans 50,000 square feet and features advanced amenities to support a highly educated workforce. CEO Bob Dechant highlighted the company's growth in nearshore markets, attributing success to its ability to attract premier clients, while ensuring a cultural alignment with the U.S. and strong bilingual capabilities.
IBEX Limited reported a 10% year-over-year revenue increase to $405.1 million for the fiscal year 2020, alongside a rise in net income from continuing operations to $7.8 million. Adjusted EBITDA soared 49% to $54.1 million. In Q4, revenue increased 14.7% to $100.9 million, with a narrowed net loss of $3.8 million. The company aims for 2021 revenue between $431 million and $435 million. IBEX achieved 100% client retention and saw strong cash flow of $51.7 million from operations.
IBEX Limited announced its fiscal year 2020 results, reporting a 10% revenue increase to $405.1 million and net income from continuing operations of $7.8 million. Adjusted EBITDA rose 49% year-over-year to $54.1 million. In Q4, revenue hit $100.9 million, a 14.7% increase, while adjusted EBITDA soared 83% to $13.5 million. The company reported 100% client retention and forecasts 2021 revenue between $431 million and $435 million.
DLA Piper represented IBEX Limited in its initial public offering (IPO) of US$90.5 million in common stock. Citigroup Global Markets and RBC Capital Markets acted as joint book-running managers. IBEX, based in Bermuda, focuses on technology-enabled customer experience solutions for Fortune 500 companies and high-growth brands. The net proceeds will fund capital expenditures, debt repayment, acquisitions, working capital, and general corporate purposes. DLA Piper emphasizes its expertise in assisting foreign issuers in accessing US capital markets.