Welcome to our dedicated page for IDT news (Ticker: IDT), a resource for investors and traders seeking the latest updates and insights on IDT stock.
IDT Corp (IDT) delivers innovative solutions across telecommunications, fintech, and cloud communications through brands like National Retail Solutions and net2phone. This news hub provides investor-focused updates directly from corporate sources, ensuring accurate tracking of the company's global initiatives.
Access real-time announcements including quarterly earnings, strategic partnerships, and product innovations. Our curated collection features press releases on retail POS advancements, international payment services, and unified communications developments - all critical for assessing IDT's market position.
Key updates cover financial performance metrics, leadership changes, technology deployments, and regulatory filings. Content is organized to help stakeholders monitor growth in core segments: cloud-based telephony, digital payment ecosystems, and data-driven retail solutions.
Bookmark this page for streamlined access to IDT's corporate communications. Combine these verified updates with market analysis tools to inform your investment strategy in this dynamic multinational enterprise.
IDT Corporation's subsidiary, National Retail Solutions (NRS), has launched NRS eWIC, a payment processing service that allows independent retailers to accept eWIC payments. This initiative aims to reduce costs and eliminates the need for specialized equipment. NRS eWIC is already certified in New York and New Jersey, targeting over 500,000 WIC beneficiaries in these states. NRS's goal is to empower independent retailers to reclaim market share from larger chains by providing them with advanced technological solutions.
net2phone, a global cloud communications provider, has partnered with Avant, a premier distributor for next-generation technologies. This collaboration allows Avant's Trusted Advisors to offer net2phone’s advanced communication solutions across the US and internationally. net2phone's cloud platform includes integrations with Microsoft Teams, Salesforce, and more, while providing features like unlimited international calling and video conferencing. This strategic partnership aims to enhance productivity for enterprise clients and support opportunities in rapidly growing markets.
IDT Corporation (NYSE: IDT) reported first-quarter fiscal 2022 results, showing an 8% revenue increase to $370 million compared to $343 million in the previous year. Key highlights include a remarkable 104.3% revenue growth in National Retail Solutions to $10.1 million and a 37.5% increase in net2phone subscription revenue. Conversely, Money Transfer revenue declined 18% to $12.5 million due to unfavorable foreign exchange conditions, though it would have risen 45% without that impact. Adjusted EBITDA rose 1.3% to $18.3 million, while loss per share was $0.10.
National Retail Solutions (NRS) has joined Geopath, enhancing its digital out-of-home (DOOH) advertising network. This integration provides NRS Digital Media with advanced audience measurement and consumer insights, improving the effectiveness of its advertising solutions. NRS operates a network of over 14,000 digital screens across the U.S., facilitating millions of daily impressions. COO Eli Korn emphasized the importance of robust audience data for advertisers, while Geopath’s EVP Dylan Mabin welcomed NRS as a member, highlighting their commitment to effective advertising experiences.
IDT Corporation (NYSE: IDT) has announced it will release financial results for Q1 of fiscal 2022, covering the period ending October 31, 2021, on December 7, 2021. The earnings release will be accessible on the IDT investor relations website at approximately 4:30 PM Eastern. Following this, an earnings conference call will begin at 5:30 PM Eastern, featuring management discussions on results and strategy, with a subsequent Q&A session. The call replay will be available until December 20, 2021.
IDT Corporation (NYSE: IDT) announced that CEO Shmuel Jonas will present at the 13th Annual Southwest IDEAS Investor Conference on November 18th in Dallas, TX. The presentation is set to start at 9 AM ET and will cover the company's operations, strategy, and fiscal year 2021 financial results.
The event will include one-on-one meetings with investors, and the presentation will be available via an audio webcast on the company's investor relations website for 90 days.
net2phone has been awarded the ‘Global Partner of the Year’ by UC Today, recognizing its outstanding performance in the unified communications industry. This accolade reflects net2phone's success in driving channel growth across global markets, achieved through a channel-centric strategy that includes competitive incentives and thorough onboarding processes. The award was determined by a panel of industry experts, highlighting net2phone’s exceptional contributions despite challenging market conditions. The company provides cloud communication solutions integrated with popular applications available in several countries.
IDT Corporation (NYSE: IDT) has rebranded its digital international remittance service to BOSS Money.
The new branding reflects its growth and innovative features aimed at enhancing cross-border financial transactions. The BOSS Money App has received high customer ratings (4.8 and 4.7 stars) and offers first-time users free transfers up to $300. With remittance services available to over 40 countries and mobile top-ups in 160 countries, IDT continues to expand its global value transfer network.
IDT Corporation (NYSE: IDT) will participate in the 2021 LD Micro Main Event investor conference from October 12-14 in Bel Air, California. CEO Shmuel Jonas will present on October 13 at 9 AM PT, discussing recent results and strategy. Following his presentation, he will hold investor meetings. Presentation materials will be accessible on the IDT website.
IDT Corporation (NYSE: IDT) reported its 4Q21 and fiscal year 2021 results, showing a consolidated revenue increase of 8% to $390 million for the quarter, and 7.5% to $1,447 million for the year. EPS for 4Q21 surged to $1.46, boosted by tax valuation reversals, while Non-GAAP EPS rose to $0.66. Significant growth was noted in net2phone's subscription revenue (+46%) and NRS revenue (+76%). However, Money Transfer revenue fell 49% amid adverse market conditions. Overall, operating income improved by 19% in the quarter and 217% for the year, indicating strong operational gains.
FAQ
What is the current stock price of IDT (IDT)?
What is the market cap of IDT (IDT)?
