Core Insights - Ibex's stock surged 41.1% in early trading, maintaining a 33% increase by 1:15 p.m. ET on Friday, driven by positive developments in its digital business and AI initiatives [1][2] Financial Performance - Ibex reported Q4 revenue of $147 million, an 18% year-over-year increase, with strong growth in retail and e-commerce, healthcare, and travel sectors [4] - The company achieved record revenue for both Q4 and the full fiscal year 2025, marking the highest revenue growth in 11 quarters and the fastest growth in three years [6][5] AI and Digital Transformation - The CEO highlighted a significant transition from proof of concept to full-scale deployment of AI solutions, indicating a strategic shift towards becoming a digital-first business [4] - Ibex is leveraging its Wave iX platform, utilizing generative AI to enhance customer experiences and is now targeting the government sector for expansion [4] Capital Expenditures and Share Buybacks - Capital expenditures more than doubled to $18.4 million in 2025, aimed at capacity expansion, while the company generated record free cash flow of $27.3 million and repurchased nearly 3.9 million shares, representing almost 23% of outstanding shares [7] Future Projections - Ibex projects a revenue growth of 7.5% for FY 2026 and plans to allocate $20 million to $25 million for further expansions, indicating a positive outlook for the company [8]