Ibex Ltd - IBEX STOCK NEWS

ibex (NASDAQ: IBEX) has appointed Daniel Bellehsen as the new executive vice president of investor relations and corporate development. Bellehsen brings over 13 years of finance experience and previously served as a portfolio manager at Columbia Threadneedle, where he was a significant shareholder of ibex. CEO Bob Dechant highlighted Bellehsen's expertise in identifying high-return initiatives. The company aims to leverage its growing cash balance for shareholder value and strengthen investor relations amidst significant growth since going public.

ibex issued a notice regarding a malware attack discovered on August 17, 2020, which potentially accessed personal information of certain employees and their families. While there is no evidence of misuse, ibex has proactively notified affected individuals and offered complimentary services for identity monitoring and fraud consultation. The company took immediate steps to secure its systems and implemented additional cybersecurity measures in response to the incident. The investigation concluded in July 2021, identifying the impacted individuals and types of data involved.

ibex (NASDAQ: IBEX) has announced the opening of a new customer experience delivery center in Pittsburgh, PA, set to launch on October 1, 2021. This facility will span 33,000 square feet and represents a capital investment of over $3.5 million, creating 400 new jobs in the region. The decision reinforces ibex's commitment to Pittsburgh, where the company has been a key player in the BPO industry since 2004, serving various sectors including retail and healthcare.

ibex (NASDAQ: IBEX) announced the opening of a new campus in Portmore, Jamaica, creating 1,300 digitally-enabled jobs and increasing local employment to over 6,500. This expansion reflects the company's growth driven by demand from Blue Chip and New Economy clients. Since 2016, ibex has invested over $50M USD in Jamaica and created more than 1,500 jobs this year alone. The campus will support rapid growth in the insurance sector and utilize the company’s Wave X technology to enhance operational efficiency.

ibex (NASDAQ: IBEX) has unveiled significant enhancements to its Work@Home product suite, part of the ibex Wave X technology platform. These advancements aim to optimize operational efficiency and customer experience in remote work settings. The suite includes tools like ibex Round, ibex Witness, ibex Virtual Floor Management System, and ibex Training Simulator, designed to increase productivity, security, and customer engagement. According to CIO Jim Ferrato, these solutions are crucial as companies adapt to the shift towards remote operations.

ibex (NASDAQ: IBEX) announced enhancements to its ibex Training Simulator, part of the Wave X Technology Platform, designed to optimize customer engagement and accelerate agent training. The simulator can achieve a 50% reduction in training time and helps agents meet performance goals, resulting in improved customer satisfaction (CSAT). This virtual solution supports scenario-based learning to prepare agents for real-world interactions, thereby enhancing brand reputation and mitigating business risks.

IBEX Limited (Nasdaq: IBEX), a leader in business process outsourcing, announced that CEO Robert Dechant and CFO Karl Gabel will present at two upcoming investor conferences. The Baird Global Consumer, Technology & Services Conference is scheduled for June 8, 2021, at 9:05 a.m. ET, followed by the RBC Capital Markets Financial Technology Conference on June 17, 2021, at 4:40 p.m. ET. Both sessions will be accessible via live audio webcast on IBEX's investor relations website.

ibex has announced a strategic partnership with Wixcorp to enhance patient financial experiences in healthcare. The collaboration will combine ibex's customer support with Wixcorp's cloud-based revenue management solutions, addressing the growing demand for digital transformation in the healthcare sector. This initiative aims to simplify billing and payment processes, ultimately improving patient satisfaction. Both companies seek to help healthcare providers adapt to market pressures and enhance operational efficiency.

IBEX Limited reported strong third-quarter results for fiscal year 2021, with revenue of $108.8 million, a 7.6% increase year-over-year. The company experienced a net loss of $0.2 million, but adjusted net income rose to $6.0 million. Adjusted EBITDA increased 12.4% to $16.7 million, achieving a record margin of 15.3%. IBEX added 10 new customers, primarily in the New Economy sectors, and has reaffirmed its fiscal year 2021 revenue guidance of $445-$448 million.