IDT posts record operating profit as higher-margin businesses expand
IDT ($IDT) reported fiscal-year revenue of $1.298 billion, up 5%, while operating income increased 21% to $121.2 million. Net income attributable to the company rose 14% to $86.6 million, or $3.46 per diluted share. Fourth-quarter revenue grew 7% to $339 million, with operating income rising 52% to $33.2 million and the gross margin expanding to 39.8%. National Retail Solutions, fintech and net2phone each increased their annual contributions, improving the group’s mix of earnings. NRS revenue ro
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