IBEX Limited Common Shares - IBEX STOCK NEWS

ibex announced that CTO Andreas Wilkens will participate in a high-level panel discussion on ethical AI implementation in business alongside experts from SAP, Google, and Microsoft. The panel, titled 'AI for Competitive Edge: Balancing Innovation and Ethics for Growth,' will be hosted by SAP in Bellevue on November 21, 2024. The discussion will cover key themes including Bias and Fairness, Privacy and Data Governance, and Regulation and Compliance. ibex, a BPO and AI-powered customer engagement solutions provider, manages nearly 175 million customer interactions and adds over $2.2B in lifetime customer revenue annually through its global network of 31 operations facilities and approximately 31,000 employees.

IBEX announced a $70 million repurchase of 3,562,341 common shares (20% of diluted shares) from The Resource Group International (TRGI) at $19.65 per share. The transaction includes $45 million in cash and $25 million in seller financing, resulting in a proforma net debt of $9 million. Following this, TRGI will retain 1.8 million shares, and IBEX will no longer be a 'controlled company' under Nasdaq rules. The board will have a majority of independent directors, with one TRGI-employed director resigning by year-end. IBEX has the right to repurchase TRGI's remaining shares within 4 years under certain conditions.

ibex announced its sponsorship of CCW Executive Exchange 2024 in Phoenix, where it will lead a roundtable discussion on AI in customer experience on November 14. The company will focus on 'Hype Vs. Reality: The AI Wave, and The Best Next Move for CX Leaders.' The event showcases ibex's Wave iX, an AI-driven customer experience solution suite comprising AgentAI, CustomerAI, and InsightsAI. ibex operates 31 global facilities with approximately 31,000 employees, managing nearly 175 million customer interactions and adding over $2.2B in lifetime customer revenue annually.

IBEX reported record first quarter fiscal 2025 results with revenue increasing 4.1% to $129.7 million. Net income grew 1.4% to $7.5 million, while adjusted EBITDA rose 13.7% to $15.6 million with margin expansion to 12.0%. Growth was driven by strong performance in HealthTech (+23.4%), Retail & E-commerce (+8.6%), and Travel sectors (+10.0%), partially offset by FinTech decline (-13.0%). The company repurchased approximately 282,000 shares for $4.7 million and updated FY2025 revenue guidance to $515-525 million with adjusted EBITDA of $67-69 million.

ibex Wave iX Translate has been awarded the 2024 Generative AI Product of the Year Award by TMC and Generative AI Expo for its innovative customer experience solutions. The AI-powered translation tool enables real-time communication in over 150 languages between agents and customers, allowing them to speak or type in their native languages.

The solution is part of the ibex Wave iX suite, which includes AgentAI, CustomerAI, and InsightsAI components. This technology helps businesses overcome language barriers, adapt to local accents, and deliver enhanced customer experiences. ibex, a global BPO provider, operates approximately 30 facilities worldwide with over 30,000 employees, managing nearly 175 million customer interactions and adding over $2.2B in lifetime customer revenue annually.

ibex (NASDAQ: IBEX) has launched Wave iX AI Virtual Agent, an advanced AI solution for automated customer support. The platform features human-like voice and text interactions, seamless integration with existing systems, and on-demand scalability. Part of the ibex Wave iX suite, it includes three components: AgentAI, CustomerAI, and InsightsAI. The solution offers multilanguage support, customizable brand personas, and intelligent escalation to human agents when needed. The system continuously learns from interactions to improve customer service delivery while maintaining strict data security and regulatory compliance.

IBEX announced significant changes to its Board of Directors. Gerard Kleisterlee will retire after the 2024 AGM on December 5, while John Leone resigned effective October 24, 2024. Fiona Beck will become the new Audit Committee Chairperson. The company appointed two new board members: Patrick J. McGinnis, a venture capitalist and podcast creator, and JJ Zhuang, former chief architect at Instacart. These appointments bring expertise in venture capital, software engineering, and AI-powered solutions to support IBEX's growth in customer experience technology.

IBEX (Nasdaq: IBEX), a leading global provider of business process outsourcing and customer engagement technology solutions, has scheduled its first quarter 2025 financial results announcement for Thursday, November 7, 2024, after market close. The company will host a conference call and webcast at 4:30 p.m. ET to discuss financial results, recent developments, and business outlook. Interested parties can access the call via toll-free number (800) 715-9871 for USA & Canada, using Conference ID: 5528023, or through the investor relations website.

ibex has secured the No. 2 position on Forbes' 2024 list of America's Best Employers for Tech Workers, surpassing major tech industry leaders. The ranking is based on a comprehensive survey of over 25,000 U.S. tech workers at companies with 1,000+ employees. Survey participants evaluated factors including work environment, career development, salary, diversity, and technological capabilities.

The company recently launched ibex Wave iX, a Gen AI-powered solutions suite designed to deliver advanced customer experiences. With an 85% internal promotion rate for frontline leaders, ibex emphasizes career growth and development. The company maintains employee engagement through annual iVoice surveys and quarterly pulse checks to stay responsive to workforce needs.