IBEX Reports Record Start to Fiscal 2027, Raises Full Year Guidance
Key Highlights
- ➤Revenue $175.2M, up 15.9% year over year, marking seventh consecutive double-digit-growth quarter
- ➤Adjusted EBITDA $25.2M, up 29.4%, with margin expanding to 14.4%
- ➤Adjusted diluted EPS $1.10, up 21.2% year over year
- ➤Fiscal 2027 revenue guidance raised to $720-$735M from $700-$715M
- ➤Fiscal 2027 adjusted EBITDA guidance raised to $96-$99M from $90-$94M
Expert Statements
Bob Dechant, CEO of ibex
“ibex delivered a record-breaking start to fiscal 2027, with first quarter revenue growing 16% organically to $175.2 million. This performance marked our seventh straight quarter of double-digit growth, the highest adjusted EBITDA quarter in our history, and drove adjusted EPS growth of over 21%. Our strong results reflect the significant differentiation we have built at ibex, enabling our new logo engine to win at an unprecedented rate while we consistently take market share away from our competition with our existing clients. We are also benefitting from our new vector of growth through our AI agent solution, powered by our strategic partnership with Sierra.”
Taylor Greenwald, CFO of ibex
“Fiscal 2027 is off to an exceptional start with first quarter performance that included records across nearly every key operating metric, including revenue, adjusted EBITDA, EPS, and free cash flow. Our financial results were driven by stellar growth from new logos and further augmented by expansion in our embedded client base. This combination makes us stronger as we grow, underscoring the long term and durable value of our differentiated strategy. Looking ahead, this momentum gives us increased confidence in our outlook for fiscal 2027 to continue to drive double-digit growth and year-over-year margin expansion. In response, we are raising both revenue and adjusted EBITDA guidance for the year.”
* Quarterly revenue up 16% over the prior year to a record $175.2 million, marking the seventh consecutive quarter of double-digit organic growth * Record first quarter net income, adjusted net income, adjusted EBITDA, EPS, adjusted EPS, operating cash flow, and free cash flow * First quarter diluted EPS grew 20% versus prior year quarter to $0.99, and adjusted EPS grew 21% to $1.10 * Won four new logos in the quarter, including two in FinTech * Strong momentum continues with our Sierra partnership, with four new AI agent wins since quarter ended with robust pipeline * Raises full year revenue and adjusted EBITDA guidance WASHINGTON, Nov. 05, 2026 (GLOBE NEWSWIRE) -- IBEX Limited (“ibex”) (Nasdaq: IBEX), a global leader in outsourced business services and AI-powered customer experience solutions, today announced financial results for its first fiscal quarter ended September 30, 2026.
Three Months Ended September 30, ($ millions, except per share amounts)20262025Change Revenue ((2))$ 175.2$ 151.215.9 % Net income ((2))$ 14.8$ 12.022.7 % Net income margin ((2))8.4 %8.0 %40 bps Adjusted net income ((1))$ 16.4$ 13.125.1 % Adjusted net income margin ((1))9.4 %8.7 %70 bps Adjusted EBITDA ((1, 2))$ 25.2$ 19.529.4 % Adjusted EBITDA margin ((1))14.4 %12.9 %150 bps Earnings per share - diluted ((1,2))$ 0.99$ 0.8219.6 % Adjusted earnings per share - diluted ((1,2))$ 1.10$ 0.9021.2 %
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