IBEX Reports Record Start to Fiscal 2027, Raises Full Year Guidance

(NASDAQ:IBEX) IBEX Limited reported financial results for its first fiscal quarter ended September 30, 2026. Revenue for the quarter was $175.2 million, up 15.9% from $151.2 million in the prior year quarter, driven by broad-based growth across four verticals: HealthTech (+39.9%), Travel, Transportation and Logistics (+16.4%), Technology (+9.8%), and Retail & E-commerce (+8.7%), with additional growth in digital acquisition and AI Agent solutions. Net income increased to $14.8 million from $12.0 million, with a net income margin of 8.4% compared to 8.0%. Adjusted net income rose to $16.4 million from $13.1 million, and adjusted net income margin was 9.4% versus 8.7%. Adjusted EBITDA reached $25.2 million, up from $19.5 million, with an adjusted EBITDA margin of 14.4% compared to 12.9%. Diluted earnings per share were $0.99, up from $0.82, and adjusted diluted earnings per share were $1.10, up from $0.90. Capital expenditures for the quarter were $7.2 million, compared to $7.6 million in the prior year, primarily for capacity expansion in high-margin offshore regions. Cash flow from operating activities was $16.3 million, up from $15.7 million, and free cash flow was $9.2 million, up from $8.0 million. Net cash as of September 30, 2026, was $35.0 million, compared to $30.9 million as of June 30, 2026. The company repurchased 122,806 shares for $4.4 million at an average price of $35.92. IBEX raised its fiscal year 2027 guidance, now expecting revenue in the range of $720 to $735 million (12-14% growth), up from previous guidance of $700 to $715 million (9-11% growth). Adjusted EBITDA guidance was raised to $96 to $99 million (17-20% growth), up from $90 to $94 million (9-14% growth). Capital expenditures for the year are expected to be approximately $30 million, at the high end of the previous $25 to $30 million range. The company operates in the United States, Philippines, Jamaica, Pakistan, and Nicaragua. CEO Bob Dechant and CFO Taylor Greenwald commented on the record-breaking quarter and raised outlook. The company will host a conference call and webcast on November 5, 2026, at 4:30 p.m. Eastern Time to discuss results.