IDT Q2 Earnings Call Highlights

Chief Executive Officer Shmuel Jonas said NRS recurring revenue grew year-over-year, driven by “large increases in merchant services and SaaS fee revenues.” He added that the company is continuing initiatives to drive additional growth in those areas, expand delivery partnerships, and develop offerings for “differentiated retailer verticals.”Fischer noted that the three growth segments together contributed 53% of consolidated “adjusted EBITDA less CapEx” in the quarter—IDT’s proxy for free cash flow—up from ...