Consumers are at the heart of the IBEX Ltd. communications and services platforms designed to provide excellent customer lifecycle experience solutions. The Company’s products and services are used to provide customer services and technical support using solutions such as chat, social media, email and other communications technologies. IBEX platforms are used in banking, financial services, logistics, retail, e-commerce, travel and entertainment industries, among others were customer relationships are mission critical. In the fiscal year ending June 2023, the Company reported $523.12 million in total revenue, providing $29.83 million in net income or $1.67 in earnings per share. IBEX converted $41.86 million or 8.0% of sales to operating cash flow, boosting cash resources to $57.43 million at the end of June 2023.
IBEX has experience steady growth at both top– and bottom-lines over the last four years. The Company is habitually profitable and consistent cash flow generation has helped build balance sheet strength. Historic performance is a testament to the success of the IBEX’s products and services in delivering benefits for the Company’s customers.
It is notable that in the 2023 fiscal year IBEX achieved 11.4% return on invested capital. This compares well to the Company’s estimated cost of capital of 8.6%. The implied excess returns of 5.2% distinguishes IBEX as a strong candidate for long positions in growth portfolios.
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