Record Levels of Gross Profit and Adjusted EBITDA
IDT generated record levels of gross profit income from operations and adjusted EBITDA, indicating strong financial performance.
NRS Revenue Growth
NRS had an exceptional quarter with 32% recurring revenue growth and adjusted EBITDA exceeding $10 million.
BOSS Money Transaction Growth
BOSS Money recorded an all-time high transaction volume of 5.7 million, with over 30% year-over-year growth in both transactions and revenue in February.
net2phone Expansion
net2phone continued its expansion with a 14% increase in subscription revenue on a constant currency basis, despite currency translation headwinds.
Increased Stock Repurchases and Dividend
IDT increased its regular quarterly dividend by 20% and repurchased over 179,000 shares for $8.5 million, indicating strong shareholder returns.