Welcome to our dedicated page for IDT news (Ticker: IDT), a resource for investors and traders seeking the latest updates and insights on IDT stock.
IDT Corp (IDT) delivers innovative solutions across telecommunications, fintech, and cloud communications through brands like National Retail Solutions and net2phone. This news hub provides investor-focused updates directly from corporate sources, ensuring accurate tracking of the company's global initiatives.
Access real-time announcements including quarterly earnings, strategic partnerships, and product innovations. Our curated collection features press releases on retail POS advancements, international payment services, and unified communications developments - all critical for assessing IDT's market position.
Key updates cover financial performance metrics, leadership changes, technology deployments, and regulatory filings. Content is organized to help stakeholders monitor growth in core segments: cloud-based telephony, digital payment ecosystems, and data-driven retail solutions.
Bookmark this page for streamlined access to IDT's corporate communications. Combine these verified updates with market analysis tools to inform your investment strategy in this dynamic multinational enterprise.
National Retail Solutions (NRS) has partnered with Catalina, enhancing its digital out-of-home advertising network for independent retailers. This collaboration allows consumer package goods (CPG) brands to leverage NRS' extensive network of over 12,000 screens across 45 states. The partnership aims to improve brand communication in local markets, especially as consumers favor nearby shopping. Additionally, NRS will provide analytics to measure advertising effectiveness, further supporting independent retailers in competing against larger chains.
On November 17, 2020, net2phone announced the launch of its localized cloud communications solution in Peru, expanding its service to six additional cities in Brazil. This initiative aims to offer businesses in South America enhanced cloud communication and collaboration services while maintaining local identities. net2phone's offerings include unlimited domestic and international calling, advanced features, and a mobile application, all at a competitive monthly rate. The expansion is part of net2phone's growth strategy and is designed to leverage local infrastructure and partnerships.
BOSS Revolution, under IDT, has unveiled a redesigned BOSS Revolution Money app aimed at enhancing user experience for money remittances. New features include a 'Refer a Friend' program offering incentives for referrals, with a $10 reward each for both referrer and friend upon a qualifying transfer. Transactions up to $300 are fee-free for first-time users. The app also provides competitive rate comparisons and has garnered over 40,000 reviews with a 4.7 rating on app stores. The service supports transfers to over 320,000 locations across 59 countries.
On Oct. 27, 2020, net2phone announced a partnership with Five9, enhancing its cloud communications offerings by incorporating Five9's intelligent cloud contact center as a service (CCaaS). This integration aims to extend market reach by providing comprehensive solutions tailored for enterprises with extensive customer engagement needs. The collaboration is expected to deliver valuable synergies through shared integrations, improving customer experiences and operational efficiency.
National Retail Solutions (NRS), a subsidiary of IDT (NYSE: IDT), has launched the NRS EMV EZ Pump Solution, a cost-effective payment processing service for gas stations, enabling compliance with EMV standards. Starting April 2021, gas stations must accept chip card payments to avoid liability for fraudulent transactions. The NRS solution is affordable, with installation costs significantly lower than new pumps, which can exceed $20,000. This solution supports various payment methods, including contactless payments, crucial during the Covid-19 pandemic.
IDT Corporation (NYSE: IDT) has launched a new service for its BOSS Revolution customers in the US, enabling them to purchase and send Tropigas LP gas canisters to family and friends in Guatemala. Through a partnership with Tropigas de Guatemala, customers can select canister sizes of 25, 35, or 100 pounds for delivery. This service is available at 35,000 BOSS Revolution retailers across the US, with no delivery costs for recipients in Guatemala. The initiative aims to strengthen family connections for Guatemalans living abroad.
IDT Corporation (NYSE: IDT) reported net income per diluted share of $0.82 and Non-GAAP earnings of $0.62 for 4Q20, with revenue hitting $360.3 million, a 1.2% increase year-over-year. Full FY20 results show net income per diluted share at $0.81 and total revenue at $1,345.8 million, a 4.5% decrease.
Notable growth was seen in BOSS Revolution Money Transfer, which grew 206% in 4Q20 to $21.3 million, driven by the BR Money App. The company also repurchased 630,000 shares for $4.0 million in 4Q20.
On September 29, 2020, net2phone announced a new integration with Zoho, enhancing communication for sales teams using Zoho's platform. Users can now utilize net2phone's features like click-to-call, call analytics, and automated follow-ups directly within Zoho. This integration is aimed at boosting productivity and streamlining customer interactions. It will be available in the US and several Latin American countries, offering unlimited global calling and advanced communication analytics. The President of net2phone, Jonah Fink, highlighted its potential to transform business communication.
IDT Corporation (NYSE: IDT) is set to release its fourth quarter and full fiscal year 2020 financial results on October 1, 2020, covering the periods ending July 31, 2020. The earnings report will be available on the company's investor relations website around 4:30 PM Eastern Time. Following the report, a conference call will occur at 5:30 PM Eastern, featuring management's insights and a Q&A session. Interested participants can join via provided toll-free numbers and access a replay available until October 8, 2020.
IDT Corporation (NYSE: IDT) has launched a new video series, BOSS Revolution 'Stories of the American Dream', showcasing the experiences of immigrants in the U.S. The series features stories of individuals from various countries, highlighting their courage and determination to build better lives. CEO Shmuel Jonas emphasizes the importance of recognizing the contributions of immigrants to American society. New episodes will be released weekly, starting September 16, 2020, on the BOSS Revolution website.
