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IDT's income from operations +38% to $23.6 million; Adjusted EBITDA * +31% to a record $29.1 million GAAP EPS increased to $0.68 from $0.30; Non-GAAP EPS * increased to $0.71 from $0.32 NEWARK, NJ, Dec. 04, 2024 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, today reported results for its first quarter fiscal year 2025, the three months ended October 31, 2024. FIRST QUARTER HIGHLIGHTS (Throughout this release, unless otherwise noted, results for the first quarter of fiscal year 2025 (1Q25) are compared to the first quarter of fiscal year 2024 (1Q24). All earnings per share (EPS) and other 'per share' results are per diluted share.) "Building on our momentum from fiscal 2024, IDT delivered strong financial results in the first quarter of fiscal 2025, including record levels of gross profit, gross profit margin and Adjusted EBITDA. Consolidated revenue has now increased sequentially for three consecutive quarters. NRS along with our Fintech segment powered by BOSS Money, and net2phone each achieved robust increases in revenue, gross profit, and Adjusted EBITDA. "At NRS, we are focused on providing solutions to address the needs of our independent retailer market while heavily investing to develop new products and services to broaden our addressable market. In Q1, we continued to achieve increased adoption rates on our payment processing offerings and SaaS feature plans. We look forward to continuing this momentum through the remainder of the fiscal year. "BOSS Money's Q1 results reflected our decision to enhance margins, particularly within our retail channel. As a result, BOSS Money's gross margin expanded significantly and transaction growth slowed somewhat. The enhanced margins boosted Fintech's Q1 income from operations by $4.6 million year-over-year, and in November, following the quarter close, transaction growth rebounded led by D2C. "net2phone increased seats served to over four hundred thousand, driving a 13% increase in subscription revenue, despite the negative FX impact to its Latin American operations from the strong US dollar. net2phone's financial discipline also contributed to healthy increases in income from operations and Adjusted EBITDA. "In the Traditional Communications segment, our ongoing efforts to streamline these business units and improve their economics continue to pay off. In Q1, the year over year revenue decrease was 4%, while income from operations increased by 2%." 1Q25 RESULTS BY SEGMENT National Retail Solutions (NRS) (Terminals and accounts at end of period. $ in millions, except for average revenue per terminal) NRS Take-Aways / Updates: (Transactions in millions. $ in millions except for average revenue per transaction) Fintech Take-Aways: (Seats in thousands at end of period. $ in millions) net2phone Take-Aways: ($ in millions )
NGOs, activists cannot try to run country through PILs, Centre tells Supreme CourtNo textbook is required when real-life cyber risks are this serious, says Laquan Black, assistant professor of health information technology at Guttman Community College CUNY.In a calendar rarity, Hanukkah starts on Christmas Day this yearNone
Key details to know about the arrest of a suspect in the killing of UnitedHealthcare's CEOThe Chicago Blackhawks shook up their coaching staff Thursday by firing head coach Luke Richardson and naming Anders Sorensen as his interim replacement. General manager Kyle Davidson made the decision, which was supported by chairman and CEO Danny Wirtz. "Today I made the difficult decision to move on from Luke as our head coach. We thank him for his efforts and contributions to the organization and our community,” Davidson said in a statement . “As we have begun to take steps forward in our rebuilding process, we felt that the results did not match our expectations for a higher level of execution this season and ultimately came to the decision that a change was necessary. We wish Luke and his family all the best moving forward.” “On behalf of the entire Blackhawks organization, I’d like to thank Luke for his dedication over the past three seasons,” Wirtz added. “I fully support Kyle’s decision in making this change as he continues to do what is needed to move our team forward. I have the utmost confidence in him and the rest of our Hockey Operations team as they begin their search for the next head coach of the Chicago Blackhawks.” Richardson compiled a 57-118-15 record overseeing the Blackhawks in parts of three rebuilding seasons. Chicago's 8-16-2 record to begin the 2024-25 campaign is the worst mark in the NHL. The Blackhawks' roster was built to lose in Richardson's first two seasons at the helm but received mid-level upgrades this past offseason. While Chicago wasn't expected to compete for playoff contention in 2024-25, a disappointing start to the campaign marred by inconsistency clashed with Davidson's vision for on-ice improvements. Sorensen replaces Richardson on the Blackhawks bench after serving as AHL-affiliate Rockford IceHogs' head coach for parts of four seasons. He owns a 117-89-16-7 record in 229 career AHL games. With Sorensen taking over the NHL club, Blackhawks assistant general manager overseeing player development Mark Eaton will step in as the IceHogs' interim head coach. This article first appeared on On Tap Sports Net and was syndicated with permission.
Anthony Albanese splashed out $62,000 on flowers and a musical performance for world leaders at a summit in Melbourne earlier this year. Documents supplied to the federal opposition through freedom of information requests show the Prime Minister’s office spent $18,000 on the flowers and $44,000 for singer Jess Mauboy. The major event was a dinner at the 50-year ASEAN (Association of Southeast Asian Nations) summit, which brought together 11 prime ministers, presidents and sultans in Melbourne in March. Australia is not a member of ASEAN, rather a “comprehensive strategic partner”. Opposition waste spokesman James Stevens said the floral expense was “remarkable and insulting” amid cost-of-living pressures. “Albo’s flower power has cost taxpayers more than $60,000 in the middle of a cost-of-living crisis,” Mr Stevens said in a statement. “Unfortunately, this is just another example of our Prime Minister enjoying himself at the taxpayer’s expense.” The Prime Minister’s office says the expenditure was in line with similar events, including the 2018 ASEAN conference. Mr Albanese’s office also said two-way trade between Australia and the ASEAN nations totalled $183.4bn last year. The documents show the Department of Prime Minister and Cabinet spent $18,513 on floral arrangements for the leaders and spouses’ dinner at the conference, including a $7000 12m dining table centrepiece. ARIA-winner Mauboy was also paid $44,000 of taxpayer money to perform. “What an honour it was to perform at the reception for the ASEAN-Australia Special Summit 2024 in Melbourne this week,” she posted on social media at the time. “Thank you so much for having me.” In a statement to The Daily Telegraph, the Prime Minister’s office said the summit was a “major event commemorating 50 years of our relations with ASEAN” and pointed to the economic value of Australian trade within ASEAN nations. “All procurement related to the summit was undertaken in accordance with Commonwealth procurement rules,” the statement read. “Expenditure on the summit was in line with similar-sized events, including the 2018 ASEAN-Australia Special Summit in Sydney.” Separate publicly available tender documents show hiring the National Gallery of Victoria cost more than $41,000, plus $13,600 for food and drinks.