IBEX Limited (NASDAQ:IBEX) Q4 2022 Earnings Conference Call September 22, 2022 4:30 PM ET

Company Participants

Brinlea Johnson - Managing Director, The Blueshirt Group

Bob Dechant - Chief Executive Officer

Karl Gabel - Chief Financial Officer

Conference Call Participants

Tobey Sommer - Truist

Ryan Potter - Citigroup

Robbie Bamberger - Baird

Arvind Ramnani - Piper Sandler

Operator

Welcome to the IBEX Fourth Quarter and Fiscal Year 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]. To note, there is also an accompanying earnings deck presentation available on the IBEX Investor Relations website at investors.ibex.co.

I will now turn this conference over to your host, Ms. Brinlea Johnson with The Blueshirt Group.

Brinlea Johnson

Good afternoon, and thank you for joining us today. Before we begin, I want to remind you that matters discussed on today’s call may include forward-looking statements related to our operating performance, financial goals and business outlook, which are based on management’s current beliefs and assumptions. Please note that these forward-looking statements reflect our opinions as of the date of this call and we undertake no obligation to revise this information as a result of new developments which may occur.

Forward-looking statements are subject to various risks, uncertainties and other factors that could cause our actual results to differ materially from those expected and described today. For a more detailed description of our risk factors, please review our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on October 14th, 2021.

With that, I’ll turn it over to Bob Dechant, CEO.

Bob Dechant

Thank you, Brinlea. Good afternoon, everyone, and thank you all for joining Karl and me today as we share our fourth quarter and fiscal year 2022 results.

FY ‘22 was a record year across multiple fronts, including revenue, EBITDA, net income, EPS, free cash flow and new client revenue. We accomplished this in the face of continued pressures related to COVID-19 and an increasingly volatile market. We have demonstrated that we can execute and deliver results during the most difficult times, and our momentum continues to build.

In the last three consecutive quarters, we accelerated revenue growth to 15%, which is well above our historical 10% rate, and we achieved our revenue guidance for the fiscal year 2022. Our EBITDA margins continue to expand over the same period and we are proud to report we achieved 15.1% EBITDA margin in the quarter, a record for the fourth quarter on a year-over-year basis.