In a remarkable display of market resilience, IBEX Holdings Ltd The company’s stock jumped to a 52-week high, hitting a price level of $21.66. With a market capitalization of $360 million and an impressive P/E ratio of 10.7, this peak marks a significant turnaround for the company, whose stock value has risen 12.84% over the past year, including a significant gain of 32.5% over the past year six months. Investors have shown increased confidence in the strategic direction and growth potential of IBEX, lifting the stock to this new high. According to InvestingPro analysis, the company maintains an “EXCELLENT” financial health rating and appears undervalued based on its fair value estimate. The 52-week high serves as evidence of the company’s robust performance and positive sentiment surrounding its future prospects in a competitive environment. For deeper insights, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, IBEX Ltd (NASDAQ: ) made significant strides in its corporate activities and financial results. The company recently held its annual general meeting where shareholders approved key decisions, including the size of the board of directors, the election of directors and the appointment of Deloitte & Touche LLP as the company’s auditor for the upcoming fiscal year.
In a strategic move, IBEX Ltd has successfully purchased approximately 20% of its diluted shares from The Resource Group International, Limited for a total of $70 million. This effectively changed the company’s ownership structure, ending its “controlled company” status under Nasdaq rules. The company’s board of directors now consists of a majority of independent directors, in accordance with Nasdaq’s corporate governance standards.
In terms of financial results, the company reported a strong start to fiscal 2025, with record first-quarter revenue of $129.7 million, a 4.1% year-over-year increase. Adjusted EBITDA rose to $15.6 million and adjusted EPS increased 30% to $0.52. In light of these results, the company increased its full-year revenue guidance to between $515 million and $525 million, with adjusted EBITDA expected to be between $67 million and $69 million.
Finally, the company expanded its higher-margin offshore and nearshore services, which now account for 76% of total revenue, and launched three new client relationships. These recent developments reflect the company’s commitment to growth and shareholder value.
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