IDT Corp's stock soared 5.82% in the after-hours trading session on Thursday, following the company's impressive second-quarter fiscal 2025 results and a 20% increase in its quarterly dividend.
The key highlights driving IDT's strong performance and share price surge include:
- Record levels of gross profit (+16%), income from operations (+77%), and Adjusted EBITDA (+56%) in Q2 2025 compared to the same period last year.
- Robust performance across key business segments:
- National Retail Solutions (NRS) recurring revenue surged 32%, driven by growth in payment processing accounts and increased revenue per account.
- BOSS Money transactions grew 36%, and Fintech segment income swung to a profit of $3.1 million from a loss of $0.7 million a year ago.
- net2phone subscription revenue increased 9%, and the segment's income from operations more than doubled to $1.1 million.
- Traditional Communications segment income from operations rose 24%, marking the third consecutive quarter of sequential growth.
- Increased quarterly dividend from $0.05 to $0.06 per share, reflecting IDT's solid financial position and positive outlook.
IDT's strong results across multiple business lines, coupled with the raised dividend, signaled the company's continued growth momentum and financial strength, driving investor confidence and the significant after-hours surge in its stock price.