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IDT Corporation Reports First Quarter Fiscal Year 2026 Results
Globenewswire· 2025-12-04 21:30
Core Insights - IDT Corporation reported strong financial results for the first quarter of fiscal year 2026, with significant growth in revenue, gross profit, and Adjusted EBITDA, driven by its National Retail Solutions (NRS) and Fintech segments [4][5][7]. Financial Performance - Consolidated revenue increased by 4% year-over-year to $322.8 million, with gross profit rising by 10% to $118.2 million, resulting in a gross margin of 36.6% [7][40]. - Adjusted EBITDA grew by 26% to $37.9 million, and net income attributable to IDT increased by 30% to $22.3 million, leading to a GAAP EPS rise from $0.68 to $0.89 [7][40]. Segment Performance National Retail Solutions (NRS) - Recurring revenue for NRS increased by 22% to $35.3 million, with income from operations up by 35% to $8.9 million and Adjusted EBITDA rising by 33% to $10.3 million [7][10]. - The segment added approximately 800 net active terminals and payment processing accounts, reflecting both seasonal and non-seasonal factors [11]. - NRS launched partnerships with DoorDash and Grubhub to enhance retail delivery options, contributing to revenue growth [12]. Fintech Segment - BOSS Money digital revenue grew by 20% to $27.9 million, with total Fintech revenue increasing by 15% to $42.7 million [7][15]. - Income from operations in the Fintech segment nearly doubled year-over-year, driven by transaction growth and improved operating leverage [6][17]. - Digital channel send volume increased by 34%, indicating strong demand for BOSS Money services [16]. net2phone - Subscription revenue for net2phone rose by 10% to $23.0 million, with income from operations increasing by 94% to $1.9 million [7][18]. - The segment introduced AI solutions to enhance customer service and operational efficiency, contributing to profitability despite increased investments in AI development [19]. Traditional Communications - Revenue for the Traditional Communications segment decreased slightly by 0.5% to $219.5 million, with income from operations up by 1% to $15.8 million [7][20]. - IDT Digital Payments showed growth, with a 90% year-over-year increase in revenue from the Zendit B2B platform [21]. Cash Flow and Capital Expenditures - Net cash used in operating activities was $10.1 million, a decline from the previous year, attributed to working capital timing [24]. - Capital expenditures increased to $5.8 million from $5.3 million in the prior year [25]. Outlook - IDT maintains its FY 2026 guidance, expecting to generate Adjusted EBITDA in the range of $141-$145 million [29]. - The company declared a quarterly cash dividend of $0.06 per share, payable on December 23, 2025 [30].
Vonage Recognized in the Gartner® Magic Quadrant™ for Contact Center as a Service
Prnewswire· 2025-09-18 13:00
Core Insights - The article highlights the enhancement of customer engagement through Vonage's AI-powered Contact Center as a Service solutions, which integrate with leading Customer Relationship Management (CRM) systems to improve agent productivity [1] Group 1 - Vonage's AI-powered solutions are designed to elevate customer engagement [1] - The integration with leading CRM systems aims to boost agent productivity [1]