Carrier Services Overview

IDT is a leading global provider of voice traffic, carrying over 30 billion international minutes last year.

IDT Carrier Service offers voice termination through a choice of service levels — Platinum, Gold and IDT Instant, providing you with an optimal choice between quality and price over any given route.

Our Platinum service delivers Tier 1 quality with over 550 direct routes and CLI certified routes in over 170 countries.

Platinum ensures that your customers receive uncompromising call quality at extremely competitive market rates.
All customers also have access to a Carrier Portal allowing on-line trouble ticket management and pro-active monitoring of QoS parameters.

Our unique team of dedicated account managers* and “market makers” strive to ensure that you will always receive the most competitive rates and the best possible service to optimize your business with IDT.

* A recent customer survey rated our account management as best in class.


A Brand You Can Trust

Established in 1990, IDT Telecom is a NYSE listed company with 2013 revenues in excess of $1.6 billion driven by 1250 employees across six continents.
IDT is a truly innovative company.
The pioneer
of VoIP
A leading global carrier of international voice traffic carrying over 30 billion minutes
Operates
in 147
countries
The biggest provider of International Airtime Top-Up (IATU) across the USA
The largest
calling card
company in
the world

Testimonials

See what our customers are saying:
“KVH has worked closely with IDT to field global VoIP service for our maritime mini-VSAT Broadband customers. IDT did a great job developing a version of their service customized to the unique requirements of satellite communications, resulting in very high call quality.“
Brian Arthur
Vice President, Product Development
KVH Industries, Inc.
“I consider IDT a true strategic business partner who keeps promises, provides committed quality and adds true value to our business portfolio.”
LDI & Business Development
Telenor
“IDT has been a valued partner for Airtel for many years and both organizations have benefitted greatly by this relationship. IDT has a vast array of services and what sets it apart from the other wholesales is their ability to customize solutions to our particular needs. The flexibility shown by the IDT in their operations gives Airtel the ability to scale and grow with the comfort that it will receive the full support from a trusted partner.”
Vivek Manglik
Head- Global Voice Business
Bharti Airtel Limited
“We have many wholesale business partners all over the globe, but I have to say IDT Asia is one of our most important partners in sense of business style, being very flexible, very quick, and very trustworthy, and also in their product variety and availability which meet our needs. Last but not least, all my team, including myself, love their team as pleasant people to work with.”
Yasuyuki Koide
COO
KDDI
“Chunghwa Telecom Co Ltd (CHT) and IDT Asia have worked together to provide value, quality and great service in Taiwan and across the globe. IDT Asia has always been innovative, always given us great value and always provided great quality service. IDT Asia has helped us achieve our goals in the region by understanding our business, suggesting new ways to work together for mutual success and being thought leaders in the wholesale world. IDT Asia’s approach, technology and connectivity make them stand out from the wholesale crowd”
Mr. Gordon Hou
Deputy Managing Director of Overseas Business Department
Chunghwa Telecom
“IDT brought to the table a comprehensive solution for quickly turning up a VoIP network implementation as well as comprehensive OSS/BSS solution integrating with our existing billing and order processing environment… IDT showed a strong understanding of the importance of a reliable and repeatable order process in meeting our customers’ needs… Every day Atlantic Broadband and IDT work together to provide service to its customs in a partnership that provides a quality product.”
Walter Hubley
VP IT Services
Atlantic Broadband
“In a word, IDT is dedicated. Through their ongoing support of the Internet Café program, we've witnessed countless examples of their devotion to their country, to the war fighter defending it and, more specifically, to maintaining the communication connection between war fighter and family, a true force multiplier. We are proud to have them on our team and have trust in their ability to do whatever it takes to get the job done.”
Gene Carter
Reach Back Program Director
DRS Technical Services, Inc
 

News and Views

October 3, 2017
IDT Corporation Reports Fourth Quarter and Full Fiscal Year 2017 Results
NEWARK, NJ — Oct. 3, 2017 :   IDT Corporation (NYSE: IDT) reported a $(0.41) loss per share and non-GAAP earnings per share (EPS)* of $0.07 on revenue of $395.0 million for the fourth quarter of FY 2017, the three months ended July 31, 2017.

For the full FY 2017, IDT reported EPS of $0.35 and non-GAAP EPS of $0.51 on revenue of $1.5 billion.

HIGHLIGHTS
(4Q17 results are compared to 4Q16. FY 2017 results refer to full fiscal year 2017 results and are compared to FY 2016)
  • 4Q17 revenue of $395.0 million compared to $368.1 million. FY 2017 revenue of $1,501.7 million compared to $1,496.3 million;
  • 4Q17 income from operations of $3.7 million compared to $6.2 million. FY 2017 income from operations of $5.5 million compared to $26.2 million;
  • 4Q17 Adjusted EBITDA* of $8.6 million compared to $10.0 million. FY 2017 Adjusted EBITDA of $37.7 million compared to $45.0 million;
  • 4Q17 loss per share of $(0.41) compared to diluted EPS of $0.48. FY 2017 diluted EPS of $0.35 compared to $1.03;
  • 4Q17 non-GAAP EPS* of $0.07 compared to $0.35. FY 2017 non-GAAP EPS of $0.51 compared to $1.00;
  • On June 22, 2017, IDT announced an agreement to sell its Gibraltar-based bank. The deal is awaiting regulatory approval and is expected to close later this calendar year;
  • IDT has declared a dividend of $0.19 per share for 4Q17 to be paid on or about October 20, 2017.
Our full results can be seen on our investor relations page here

September 5, 2017
IDT and Tigo Guatemala Sign a Reciprocal Services Agreement
NEWARK, NJ – September 5, 2017: IDT Corporation (NYSE: IDT) and COMCEL Guatemala ("Tigo"), a joint venture of Millicom International Cellular S.A. (NASDAQ: MIICF), today announced the signing of a Reciprocal Services Agreement allowing a full range of services, including, but not limited to, termination of inbound and outbound international long-distance voice calls to Tigo´s network in Guatemala.  

"We are delighted with this strategic long-term Reciprocal Services Agreement, which will enable us to provide Tigo a variety of services and will greatly improve IDT’s competitive position in Guatemala as a service provider of international voice calls, both inbound and outbound,” said Bill Pereira, CEO of IDT Telecom. “Tigo is a highly-experienced operator with global reach with whom we have built a successful relationship over many years."

The long-term agreement is expected to increase IDT’s wholesale minute volumes through Guatemala while providing Tigo with a stable partner in the rapidly changing wholesale market.

Guatemalans living in North America and Europe will benefit from the partnership through IDT's flagship consumer calling service, BOSS Revolution.

"This agreement is a milestone in our long relationship with IDT," said Luis Fernando Valladares, CEO of Tigo. "We have collaborated with IDT for years providing international voice service and mobile top-up offerings in North America, Latin America and Europe through IDT's retail network. In the wholesale carrier market, we have long leveraged each other’s global telecommunications networks to terminate international voice traffic."

IDT Telecom is calling-line identification (CLI) certified in over 165 countries, has over 430 CLI-certified routes and over 600 direct connects. As the wholesale voice industry evolves and the number of carriers with worldwide coverage of direct connects begins to shrink, only a handful of carriers will be well positioned to manage inbound and outbound traffic on behalf of an operator. This agreement solidifies IDT’s position as the leading independent voice carrier whose global reach can add true value to a network operator’s voice business.

"The wholesale voice market is being transformed by OTT services," IDT's Pereira added. "Nevertheless, the traffic generated by our BOSS Revolution consumer calling service has helped us leverage our wholesale minutes at a time when other firms are exiting the wholesale carrier business altogether. Today, IDT is one of the largest carriers of minutes globally and the world's largest independent carrier. Our strength and stability in the wholesale carrier market makes IDT Carrier Services a logical choice for telephony operators working to sustain profitable international voice offerings," he concluded.

About Tigo:

COMCEL Guatemala ("Tigo") is jointly owned by the Millicom Group and Miffin Associates Corp. Millicom offers digital lifestyle products and services primarily through wireless and cable TV/ high-speed broadband networks in Central America, South America and Africa. COMCEL benefits from Millicom’s vast emerging markets operating experience, product development and technical expertise and sharing of best practices gained from its operations in 13 emerging markets. Miffin is a holding company with interests in several lines of business, including telecommunications, real estate and renewable power. Miffin has greatly contributed to COMCEL success through its deep understanding of Guatemala’s economy and demographics (including our customer base) and through its relationships with commercial, industry and other strategic stakeholders.

About IDT Corporation:

IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides telecommunications and payment services to individuals and businesses primarily through its flagship Boss Revolution® and Net2Phone® brands. IDT Telecom's wholesale business is a leading global carrier of international long distance calls. For more information on IDT, visit www.idt.net.

TIGO MEDIA CONTACT:

Manuel Sisniega
msisniega@tigo.com.gt
+502-24281000 ext: 1088

IDT MEDIA CONTACT:

Ben Hirsch
Ben.hirsch@idt.net
973-438-4028

Aug. 30, 2017
IDT Telecom Introduces IDT VoiceHub - Custom Solutions to Enhance the Value of International Voice Traffic
NEWARK, N.J., Aug. 30, 2017 /PRNewswire/ -- IDT Corporation (NYSE: IDT), a leading provider of international voice and payment services, today announced the launch of IDT VoiceHub, a powerful and flexible outsourcing service for fixed and mobile operators and other telecommunications service providers to enhance the profitability and value of their international voice business.  

"IDT Telecom is the world's leading independent carrier of voice traffic with over 28 billion international voice minutes terminated annually," said Bill Pereira, CEO of IDT Telecom, "and we continue to invest in our wholesale voice offerings by optimizing our systems, automating our operations and modernizing our network. Now, with IDT VoiceHub, any telecom operator with inbound or outbound international voice traffic can leverage IDT Telecom's resources and expertise to boost their operating and financial performance."

IDT VoiceHub features voice outsourcing solutions to address the specific circumstances of an operator based on region, volumes and routes. Solutions include full outsourcing, handing all inbound and outbound calls with or without switch management, and hybrid arrangements whereby the partner retains certain routes or customers directly.

All IDT VoiceHub solutions enable partners to leverage IDT Telecom's global network of 600+ direct interconnects, 430+ calling line identification (CLI) certified routes and IDT Telecom's substantial volume of proprietary BOSS Revolution retail minutes to enhance their voice business.

"Over-the-top (OTT) services are rapidly transforming the wholesale voice market. Telecom operators are finding that the fixed and semi-variable costs required to manage their international voice traffic - including both CAPEX and OPEX related to global interconnects, arbitrage, fraud prevention, QoS, and staffing - can easily outweigh the corresponding revenues," Pereira added. "We welcome the opportunity to show voice operators around the world how a thoughtful, customized solution from IDT VoiceHub can add significant value to their voice business and free management to focus on their strategic priorities."

For more information on how IDT VoiceHub can improve your business, visit www.idtvoice.com/contact-us.

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

About IDT Corporation:

IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides telecommunications and payment services to individuals and businesses primarily through its flagship Boss Revolution® and Net2Phone® brands. IDT Telecom's wholesale business is a leading global carrier of international long distance calls. For more information on IDT, visit www.idt.net.

June 6, 2017
IDT Corporation Reports Third Quarter Fiscal 2017 Results
NEWARK, NJ — June 6, 2017: IDT Corporation (NYSE: IDT) reported a loss per share of $0.21 and Non-GAAP earnings per share (EPS)* of $0.28 on revenue of $370.0 million for the third quarter of its fiscal year 2017, the three months ended April 30, 2017.  

HIGHLIGHTS
(Results for 3Q17 compared to 3Q16)
  • Revenue of $370.0 million compared to $355.2 million;
  • Loss from operations of $6.5 million, including a charge of $10.2 million for a legal settlement, compared to income from operations of $5.7 million, including a gain of $1.1 million on the sale of Fabrix;
  • Adjusted EBITDA* of $9.1 million compared to $10.3 million;
  • Loss per share of $0.21 compared to EPS of $0.19;
  • Non-GAAP EPS* of $0.28 compared to $0.38;
  • IDT has declared a dividend of $0.19 per share for 3Q17 to be paid on or about June 30, 2017.
Our full results can be seen on our investor relations page here

March 6, 2017
IDT Corporation Reports Second Quarter Fiscal 2017 Results
NEWARK, NJ — March 6, 2017 :   IDT Corporation (NYSE: IDT) reported diluted earnings per share (EPS) of $0.04 and Non-GAAP diluted EPS* of $0.27 on revenue of $367.6 million for the second quarter of its fiscal year 2017, the three months ended January 31, 2017. 

HIGHLIGHTS
(Results for 2Q17 compared to 2Q16)
  • Revenue of $367.6 million compared to $382.5 million;
  • Income from operations of $3.1 million compared to $6.4 million;
  • Adjusted EBITDA* of $9.3 million compared to $11.7 million;
  • Diluted EPS of $0.04 compared to $0.18;
  • Non-GAAP diluted EPS* of $0.27 compared to $0.39;
  • IDT has declared a dividend of $0.19 per share for 2Q17 to be paid on or about March 24, 2017.
Our full results can be seen on our investor relations page here

Sep 28, 2016
IDT Corporation Reports Fourth Quarter and Full Year Fiscal 2016 Results
NEWARK, N.J., Sept. 28, 2016 /PRNewswire/ -- IDT Corporation (NYSE: IDT) reported diluted earnings per share (EPS) of $0.48 and Non-GAAP diluted EPS* of $0.50 on revenue of $368.1 million for the fourth quarter of its fiscal year 2016, the three months ended July 31, 2016.  For FY 2016, IDT reported diluted EPS of $1.03 and Non-GAAP diluted EPS* of $1.63 on revenue of $1,496.3 million. 

FOURTH QUARTER AND FULL FISCAL YEAR 2016 HIGHLIGHTS
(Results for 4Q16 are compared to 4Q15, and results for FY 2016 are compared to FY 2015).
  • Revenue in 4Q16 was $368.1 million compared to $405.8 million. FY 2016 revenue was $1,496.3 million compared to $1,596.8 million;
  • Income from operations in 4Q16 was $6.2 million compared to $7.2 million. FY 2016 income from operations was $26.2 million compared to $93.1 million;
  • Adjusted EBITDA* in 4Q16 was $10.0 million compared to $12.4 million. FY 2016 Adjusted EBITDA* was $45.0 million compared to $44.5 million;
  • Diluted EPS in 4Q16 was $0.48 compared to $0.05. FY 2016 diluted EPS was $1.03 compared to $3.63;
  • Non-GAAP diluted EPS* in 4Q16 was $0.50 compared to $0.25. FY 2016 Non-GAAP diluted EPS* was $1.63 compared to $1.27;
  • IDT has declared a dividend of $0.19 per share for 4Q16 to be paid on or about October 20, 2016;
  • On June 1, 2016, IDT completed the spin-off of Zedge to its stockholders.
Our full results can be seen on our investor relations page here

Jun 03, 2016
IDT Corporation Reports Third Quarter Fiscal 2016 Results

NEWARK, NJ — June 2, 2016: IDT Corporation (NYSE: IDT) reported diluted earnings per share (EPS) of $0.19 and Non-GAAP diluted EPS* of $0.38 on revenue of $355.2 million for the third quarter of its fiscal year 2016, the three months ended April 30, 2016.

3Q16 HIGHLIGHTS

(Results for 3Q16 are compared to 3Q15)

· IDT completed the spin-off of its majority interest in Zedge to IDT shareholders on June 1, 2016. Zedge now trades on the NYSE MKT under the ticker symbol “ZDGE”;

· Consolidated revenue decreased to $355.2 million from $383.9 million;

· Adjusted EBITDA* decreased to $10.3 million from $13.6 million;

· Income from operations increased to $5.7 million from $2.5 million. In 3Q15, IDT recorded severance expense of $6.2 million;

· Diluted EPS increased to $0.19 from $0.02;

Our full results can be seen on our investor relations page here

Mar 03, 2016
IDT Corporation Reports Second Quarter Fiscal 2016 Results
NEWARK, NJ — March 3, 2016: IDT Corporation (NYSE: IDT) reported diluted earnings per share (EPS) of $0.18 and Non-GAAP diluted EPS* of $0.39 on revenue of $382.5 million for the second quarter of its fiscal year 2016, the three months ended January 31, 2016.
2Q16 HIGHLIGHTS
(Results for 2Q16 are compared to 2Q15)
  • Consolidated revenue decreased to $382.5 million from $394.2 million primarily as a result of reduced traffic on the US to Mexico corridor;
  • IDT improved its results of operations year over year increasing Adjusted EBITDA to $11.7 million from $8.0 million, income from operations to $6.4 million from $3.7 million, and diluted EPS to $0.18 from $0.11;
  • IDT continues to benefit from efforts to right size overhead. SG&A expense decreased to $51.1 million, its lowest level in over three years;
  • Zedge, which IDT plans to spin-off in the current fiscal year, had an outstanding quarter. Revenue increased to $3.5 million from $2.4 million. Income from operations increased to $1.7 million compared to a loss from operations of $610 thousand.
Our full results can be seen on our investor relations page here

Dec 03, 2015
IDT Corporation Reports First Quarter Fiscal 2016 Results
NEWARK, NJ — December 3, 2015: IDT Corporation (NYSE: IDT) reported diluted earnings per share (EPS) of $0.18 and Non-GAAP diluted EPS* of $0.35 on revenue of $390.6 million for the first quarter of its fiscal year 2016, the three months ended October 31, 2015.
1Q16 HIGHLIGHTS
(Results for 1Q16 are compared to 1Q15)
  • Consolidated revenue decreased 5.4% to $390.6 million;
  • Consolidated Adjusted EBITDA* increased 24.6% to $13.0 million;
  • Net cash provided by operating activities increased to $14.0 million from $8.3 million;
  • IDT’s Board of Directors increased the quarterly dividend to $0.19 for the first quarter of fiscal 2016.
IDT’s Chief Executive Officer Shmuel Jonas said, “IDT again delivered strong bottom line results increasing Adjusted EBITDA nearly 25% year over year to $13.0 million. Revenue declined after regulatory changes in Mexico resulted in substantial, industry-wide rate reductions in the heavily trafficked US-to-Mexico route. Exclusive of Mexico, Boss Revolution, our flagship voice calling and payments service, continued to grow. In light of our continued operating profitability and strong financial condition, IDT’s Board of Directors increased the quarterly dividend to $0.19 for the first quarter of fiscal 2016.

Our full results can be seen on our investor relations page here

Oct 13, 2015
IDT CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2015 RESULTS

NEWARK, NJ — October 13, 2015: IDT Corporation (NYSE: IDT) reported diluted earnings per share (EPS) of $0.05 and Non-GAAP diluted EPS* of $0.25 on revenue of $405.8 million for the fourth quarter of its fiscal year 2015, the three months ended July 31, 2015.

For FY 2015, IDT reported diluted EPS of $3.63 and Non-GAAP diluted EPS* of $1.27 on revenue of $1,596.8 million.

FOURTH QUARTER AND FULL FISCAL YEAR 2015 HIGHLIGHTS

(Unless otherwise noted, results for 4Q15 are compared to 4Q14, and results for FY 2015 are compared to FY 2014).

 

  • 4Q15 revenue was $405.8 million compared to $420.7 million in 4Q14.  Fabrix, which was sold in 1Q15, contributed $5.9 million in revenue in 4Q14.  FY 2015 revenue was $1,596.8 million compared to $1,651.5 million in FY 2014.  Fabrix’s revenue totaled $4.2 million in FY 2015 and $16.6 million in FY 2014; 
  • 4Q15 SG&A expense decreased to $54.1 million from $58.3 million. FY 2015 SG&A expense decreased to $222.2 million from $228.9 million;
  • 4Q15 Adjusted EBITDA* increased to $12.4 million from $10.4 million.  FY 2015 Adjusted EBITDA* decreased to $44.5 million from $45.3 million;
  • 4Q15 income from operations increased to $7.2 million from $5.8 million.  FY 2015 income from operations increased to $93.0 million, including a gain of $76.9 million on the sale of IDT’s interest in Fabrix and $8.4 million non-routine severance expense, from $29.8 million in FY 2014, including a non-routine gain of $0.8 million; 
  • 4Q15 net income attributable to IDT decreased to $1.3 million from $7.7 million. FY 2015 net income attributable to IDT increased to $84.5 million from $18.8 million, including the gain of $76.9 million on the sale of IDT’s interest in Fabrix;
  • 4Q15 diluted EPS decreased to $0.05 from $0.33.  FY 2015 diluted EPS increased to $3.63 from $0.82;4Q15 non-GAAP diluted EPS* decreased to $0.25 from $0.39. FY 2015 Non-GAAP diluted EPS* decreased to $1.27 from $1.41.
Our full results can be seen on our investor relations page here


Aug 03, 2015
IDT Shortlisted For Five Carrier World Awards
IDT Carrier Services has been nominated for Total Telecom Carrier World Awards in five categories in 2015. Category nominations are Best Messaging Solution, Technology Innovation Award, Most Innovative Wholesaler, Best Wholesale Carrier (Global) and Wholesale Personality.
 
Nick Ford, President of IDT Carrier Services and Wholesale Personality award nominee said “I am delighted that IDT has been nominated in five prestigious award categories. We are dedicated to transforming the wholesale VoIP termination industry with offerings such as IDT Express and the MagicWordsTM toolkit. These services are already generating over $250 million of revenue annually for our partners, and are growing quickly.  I want to thank and congratulate our team for the hard work and dedication that earned these nominations.”
 
IDT is a global leader in the Carrier Services market.  The Company has annual revenues of $1.6 billion of which over $600 million is generated by its wholesale carrier business.  IDT.is ranked as one of the fastest growing carriers of international voice by Telegeography serving over 800 carriers and 4,000 other providers around the world.
 
IDT, headquartered in New Jersey, has regional offices in locations around the globe with a workforce comprised of 1,250 employees across six continents.
 
The winners of all thirteen Total Telecom Carrier World Awards categories will be announced at the Carriers World Awards ceremony in London on 30th September 2015. These awards are the new mark of excellence for the global wholesale market – the ‘user’s choice’ of excellence in the global capacity market.  Uniquely, the winners are determined by the opinion and perception of industry participants.
Jun 04, 2015
IDT Corporation Reports Third Quarter Fiscal 2015 Results

NEWARK, NJ — June 4, 2015:  IDT Corporation (NYSE: IDT), a provider of telecommunications and payment services primarily to immigrant communities, reported income of $0.02 per diluted share (EPS) and Non-GAAP diluted EPS* of $0.43 on revenue of $383.9 million for the third quarter of its fiscal year 2015, the three months ended April 30, 2015.  IDT has declared a dividend of $0.18 per share for the third quarter of fiscal 2015.

THIRD QUARTER HIGHLIGHTS & CONSOLIDATED FINANCIAL RESULTS**  

·         Consolidated revenue decreased to $383.9 million from $403.8 million.  In 3Q14, Fabrix contributed $4.5 million in revenue.  It was sold and deconsolidated in 1Q15;

·         Boss Revolution international calling revenue increased 12.2% year over year;

·         Zedge revenue increased by 34.9% year over year to $2.2 million; 

·         Direct cost decreased to $316.5 million from $332.4 million;

·         SG&A expense decreased to $53.8 million from $55.5 million;

·         R&D expense was $0.0 compared to $2.5 million (attributable to Fabrix);

·         Adjusted EBITDA* increased to $13.6 million from $13.3 million;

·         Income from operations, including a non-routine charge of $6.2 million for severance costs related to a reduction in employee headcount, decreased to $2.5 million from $9.2 million;

·         Net income attributable to IDT decreased to $0.6 million from $5.0 million;

·         Diluted EPS decreased to $0.02 from $0.22;

·         Non-GAAP net income* increased to $10.1 million from $8.6 million;

·         Non-GAAP diluted EPS* increased to $0.43 from $0.37.

Shmuel Jonas, IDT’s Chief Executive Officer, said, “We generated $13.6 million in Adjusted EBITDA during the third quarter led by strong performance in our Telecom business. That is a $0.3 million increase from the year ago quarter, and a $5.6 million improvement from the prior quarter, despite the fact that the third quarter is three days shorter than the second.  In fact, we achieved the highest level of Adjusted EBITDA since before our spin-off of Genie Energy in 2011.​  Moreover, some of the factors driving our Adjusted EBITDA growth should remain impactful going forward.  Zedge also had another good quarter, with robust year over year revenue growth and increases in both its user base and revenue per user.”

* Adjusted EBITDA, Non-GAAP net income and Non-GAAP diluted EPS for all periods presented are non-GAAP measures intended to provide useful information that supplements IDT’s or the relevant segment’s core results in accordance with GAAP.  Please refer to the Reconciliation of Non-GAAP Financial Measures at the end of this release for an explanation of these terms and their respective reconciliation to the most directly comparable GAAP measure.

** Throughout this release, unless otherwise noted, results are for 3Q15 and are compared to 3Q14.  3Q14 financial results include Fabrix results: $4.5 million in revenue, $0.7 million in direct cost, $0.9 million in SG&A expense, $2.5 million in research and development, and $0.4 million in Adjusted EBITDA.  Fabrix was sold and deconsolidated in 1Q15.

Our full results can be seen on our investor relations page 
here

Mar 09, 2015
IDT Corporation Reports Second Quarter Fiscal 2015 Results
NEWARK, NJ--(Marketwired - March 09, 2015) - IDT Corporation (NYSE: IDT) reported diluted earnings per share (EPS) of $0.11 and an increase in Non-GAAP diluted EPS* to $0.33 on revenue of $394.2 million for the second quarter of its fiscal year 2015, the three months ended January 31, 2015. 

SECOND QUARTER FISCAL 2015 CONSOLIDATED HIGHLIGHTS* 

  • Revenue decreased to $394.2 million from $406.4 million; 
  • Direct costs decreased to $328.7 million from $335.3 million;
  • SG&A expense was essentially flat at $57.4 million compared to $57.3 million;
  • Adjusted EBITDA* decreased to $8.0 million from $11.3 million;
  • Income from operations decreased to $3.7 million from $7.6 million;
  • Net income attributable to IDT remained unchanged at $2.5 million;
  • Diluted EPS remained unchanged at $0.11;
  • Non-GAAP net income* increased to $7.5 million from $6.4 million;
  • Non-GAAP diluted EPS* increased to $0.33 from $0.28;
  • Net cash provided by operating activities was $12.7 million, compared to net cash used by operating activities of $1.9 million.
Our full results can be seen on our investor relations page here
Feb 20, 2015
IDT Opens Door to Direct U.S.-Cuba Telephony

IDT Corporation (NYSE:IDT), a leading provider of international telephony and payment services and the largest U.S. based carrier of international long distance calls, said today that it has reached an agreement with Empresa de Telecomunicaciones de Cuba S.A. (ETECSA), Cuba's national telecom provider, to exchange international long distance voice traffic between the United States and Cuba directly.

The agreement was filed today with the Federal Communications Commission (FCC) and is subject to FCC review for a period of ten days.

If the FCC allows the agreement to take effect as expected, IDT will be the only U.S. carrier to have a direct interconnection into Cuba.

"We are very pleased to have reached this groundbreaking agreement with ETECSA. This is an important first step in the liberalization of telecommunications between the U.S. and Cuba," said Bill Pereira, Chief Executive Officer of IDT Telecom. "Ultimately, the agreement will help make it easier and more affordable for our customers to call friends and family in Cuba."

The announcement follows on the heels of revisions to the Cuban Assets Control Regulations announced by the U.S. government earlier this month.

About IDT Corporation:

IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked conveniently and inexpensively communicate and share resources around the world. IDT's wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular, eponymous app for a mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.

Caution Concerning Forward Looking Statements:

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate, "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors.Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.
Dec 08, 2014
IDT Corporation Reports First Quarter Fiscal 2015 Results Increases Quarterly Dividend to 18 Cents
NEWARK, NJ — December 8, 2014:  IDT Corporation (NYSE: IDT) reported diluted earnings per share (EPS) of $3.47 and Non-GAAP diluted EPS* of $0.46 on revenue of $412.9 million for the first quarter of its fiscal year 2015, the three months ended October 31, 2014.  The 1Q15 results include a gain of $75.1 million on the sale of IDT’s stake in Fabrix Systems.


FIRST QUARTER FISCAL 2015 CONSOLIDATED HIGHLIGHTS
(Unless otherwise noted, results are for1Q15 and are compared to 1Q14).

· Revenue decreased to $412.9 million from $420.7 million;
· Direct costs decreased to $343.8 million from $350.3 million;
· SG&A expense decreased to $57.0 million from $57.8 million;
· Adjusted EBITDA* increased to $10.4 million from $10.3 million;
· Gain on the sale of interest in Fabrix Systems of $75.1 million;
· Income from operations increased to $79.6 million (including the gain on the sale of interest in Fabrix) from $7.3 million;
· Net income attributable to IDT increased to $80.2 million from $3.5 million;
· Diluted EPS increased to $3.47 from $0.15;
· Non-GAAP net income* increased to $10.5 million from $7.4 million;
· Non-GAAP diluted EPS* increased to $0.46 from $0.32;
· Net cash provided by operating activities decreased to $8.3 million from $11.0 million.

Our full results can be seen on our investor relations page here

Oct 06, 2014
IDT Corporation Reports Fourth Quarter and Full Year Fiscal 2014 Results

NEWARK, NJ — October 6, 2014: IDT Corporation (NYSE: IDT) reported diluted earnings per share (EPS) of $0.33 and Non-GAAP diluted EPS* of $0.39 on revenue of $420.7 million for the fourth quarter of its fiscal year 2014, the three months ended July 31, 2014. For the full FY 2014, IDT earned $0.82 per diluted share on revenue of $1,651.5 million. FY 2014 Non-GAAP diluted EPS was $1.41.

FOURTH QUARTER AND FULL YEAR 2014 HIGHLIGHTS

(Unless otherwise noted, results are consolidated; 4Q14 are compared to 4Q13, and FY 2014 are compared to FY 2013).

 

·         4Q14 revenue increased to $420.7 million from $412.1 million, the 17th year over year quarterly increase in the last 18 quarters.  FY 2014 revenue increased to $1,651.5 million from $1,620.6 million;

·         4Q14 Adjusted EBITDA* increased to $10.4 million from $9.7 million, the tenth consecutive year-over-year quarterly increase. FY 2014 Adjusted EBITDA* increased to $45.3 million from $39.4 million;

·         4Q14 income from operations increased to $5.8 million from $1.4 million (4Q13 income from operations included a non-routine impairment of real estate of $4.4 million).  FY 2014 income from operations increased to $29.8 million from $29.4 million;

·         4Q14 net income attributable to IDT increased to $7.7 million, including a net benefit from income taxes of $4.1 million, from a net loss of $3.7 million in 4Q13. FY 2014 net income attributable to IDT increased to $18.8 million from $11.6 million;

·         4Q14 diluted EPS increased to $0.33 from a diluted loss per share of $0.17.  FY 2014 diluted EPS increased to $0.82 from $0.52;

·         4Q14 non-GAAP diluted EPS* increased to $0.39 from $0.13.   FY 2014 Non-GAAP diluted EPS* increased to $1.41 from $1.09;

·         Net cash provided by operating activities in 4Q14 increased to $16.1 million from $12.1 million; FY 2014 net cash provided by operating activities was $45.7 million compared to $57.2 million.

Our full results can be seen on our investor relations page here

Sep 30, 2014
IDT Telecom CEO Named in GTB Power 100 for Third Year in a Row

London, UK- September 30, 2014- For the third year in a row, Bill Pereira, CEO of IDT Telecom, has been awarded a place in the Global Telecoms Business Power 100, the international list of the 100 most powerful and influential people in telecoms.

Now in its seventh year, the Global Telecoms Business Power 100 list compiles the most powerful and influential executives in the industry, selecting nominations from the readers of the publication - including CEOs, CFOs and other senior executives of the world’s major operators, telecoms vendors and industry organizations.

Bill Pereira has been CEO, President and Co-Chairman of IDT Telecom since 2011. Over the past 12 months Pereira has continued to drive the growth of IDT’s core voice services while developing new revenue streams from payment services, apps and other offerings.

Pereira commented on his nomination, “It is a great honor to be recognized as an international leader in the industry, but I don’t view it as an individual accolade. It is much more a reflection of the work of our IDT team of 1,200 employees around the globe. Through their contributions, IDT has become a leading global carrier, and I am confident we will continue to take the company to new heights in the years to come.”

Under Pereira’s leadership, IDT now terminates 30 billion minutes per year, and has formed and strengthened key relationships with all of the world’s major carriers. This past year he oversaw the expansion of IDT into the money remittance business as well as the launch of the Boss Revolution mobile app. The award winning app enables customers all around the world to connect across borders with one-touch dialing of their contacts, with no contracts and low rates.

Jun 09, 2014
IDT Corporation Reports Third Quarter Fiscal 2014 Results

NEWARK, NJ — June 9, 2014: IDT Corporation (NYSE: IDT) reported diluted earnings per share (EPS) of $0.22 and Non-GAAP diluted EPS* of $0.37 on revenue of $403.8 million for the third quarter of fiscal 2014, the three months ended April 30, 2014.

3Q14 HIGHLIGHTS
(Results for 3Q14 are compared to 3Q13 unless otherwise noted.)

  • Revenue increased 1.7% to $403.8 million from $396.9 million, the 16th year over year quarterly increase in the last 17 quarters;
  • Adjusted EBITDA* increased 32.5% from $10.1 million to $13.3 million, the highest level of quarterly Adjusted EBITDA that IDT has achieved since prior to the spin-off of Genie Energy in 2011;
  • Income from operations - decreased 41.5% to $9.2 million from $15.7 million. (3Q13 income from operations included non-routine gains of $9.6 million);
  • Net income attributable to IDT was $5.0 million compared to $8.7 million. (3Q13 net income included non-routine gains of $6.1 million net of tax);
  • Diluted EPS of $0.22 compared to $0.39. (3Q13 diluted EPS included non-routine gains of $0.27 net of tax);
  • Non-GAAP net income* of $8.6 million compared to $7.3 million;
  • Non-GAAP diluted EPS* of $0.37 compared to $0.33.

See full results

Mar 05, 2014
IDT Corporation Reports Second Quarter Fiscal 2014 Results

IDT Corporation (NYSE: IDT) reported diluted income per share of $0.11 and Non-GAAP diluted EPS of $0.28 for the second quarter of fiscal 2014, the three months ended January 31, 2014.

Shmuel Jonas, IDT’s Chief Executive Officer said, “IDT has delivered steadily improving results over the past several years, and this quarter was in line with that trend. Adjusted EBITDA increased year over year and sequentially to $11.3 million and, for the first time in our recent history, topped $40 million for the trailing twelve months.

“IDT Telecom had yet another solid quarter driven by continued growth in Boss Revolution calling services and expanding margins in our Telecom Platform Services segment. Though not yet impactful financially, our recently launched international money transfer service is beginning to gain traction. We continue to enroll retail agents in the U.S. while expanding our disbursement network overseas, particularly in Latin America and the Caribbean.

“I continue to be very pleased with progress at Fabrix and Zedge. Cloud DVR solutions - such as that offered by Fabrix - were top of mind among video executives at the Consumer Electronics Show even as Fabrix’s big data storage solution is being recognized in other industries.

“Companies comparable to Zedge continue to receive robust valuations, and Zedge reported solid user and revenue growth this quarter. We view Zedge's market position as being quite strong, and have determined that a calendar 2014 spin-off is the most attractive alternative to maximize Zedge’s value for our shareholders, contingent upon favorable tax treatment, appropriate market conditions and continued performance by Zedge,” Mr. Jonas concluded.

Our full results can be seen on our investor relations page here

Dec 04, 2013
15 quarters of consecutive growth for IDT
IDT Corporation (NYSE: IDT) recently reported our latest quarter results for the three months ended October 31, 2013. Revenue increased by 5.1% on the previous year – the 15th we’ve achieved revenue growth. Adjusted EBITDA also rose to $10.3million in the quarter, further strengthening our balance sheet. Payment services, predominately our International Mobile Top-up (IMTU) continues to grow at a rapid pace, growing by over 14% on the year and now accounts for almost one eighth of our total revenue. Specific regional market conditions, especially in India, meant our minutes of use fell slightly but we still terminated over 31 billion international minutes in the latest 12 months.

We thank all our customers for the privilege that they bestow on us on giving us more and more business. We expected our growth rates to fall slightly as the growth in the US on both retail and payment services moderates. But, we’re confident that by continuing to focus on helping our customers’ business that we’ll continue to out-perform the market.

Our full results can be seen on our investor relations page here
Nov 28, 2013
New CEO for IDT
Howard Jonas, our Company's founder, Chairman and CEO, will step down as Chief Executive Officer upon the expiration of his current employment agreement on December 31, 2013. IDT's Board of Directors has named IDT's Chief Operating Officer, Samuel 'Shmuel' Jonas, to be CEO. Howard Jonas will continue to remain actively involved in the Company in his capacity as Chairman. Howard Jonas, who was IDT's first CEO after founding the Company in 1990, has most recently served in that capacity since October 2008. During this tenure, Mr. Jonas led the effort that returned IDT's core telecom business to profitability. IDT has been steadily profitable in recent years and pays a regular quarterly dividend.

"I am deeply grateful to our employees and loyal stockholders for persevering with me through some very difficult times to rebuild IDT. I've been honored and privileged to work with many wonderful colleagues, and they are largely responsible for the substantial progress we have made," said Mr. Jonas.

"We have restored IDT to profitability and built a solid foundation for future growth. Looking ahead, we are blessed with abundant opportunities and capable management to pursue them. In my capacity as Chairman, I am looking forward to continuing to collaborate with the Board and with Shmuel and his management team and to provide them with strategic guidance and direction," he concluded.

Howard Jonas' successor as CEO of IDT, Shmuel Jonas, has served as IDT's COO since June 2010. In that capacity, he has been actively involved in the management of the Company's day-to-day operations. Shmuel Jonas joined the Company in June 2008 and has served as the Company's Vice President of Operations where he helped to plan and implement the Company's turn-around. His cost cutting initiatives and conservative approach to investment in growth opportunities have been key drivers to the Company's improved bottom line performance and the renewed strength of its balance sheet.

Official press release can be found here
Nov 10, 2013
New Mobile App Winning Praise from Mobile/Telecom and App Communities
IDT’s Boss Revolution mobile app continues to win praise within the mobile and app communities for its affordability, convenience and ease of use. Available for both Android and Apple iOS phones, the app was most recently recognized as the Best Telecommunication Mobile App of 2013 by MoviForum. The award was presented on November 5th at the MoviFest award ceremony at MoviForum 2013.

The app was also highly praised by the app review site appPicker (www.apppicker.com). "We are thrilled with the reception the Boss Revolution mobile app has received," said Bill Pereira, CEO to IDT Telecom. "Already, customers are using the app to make millions of minutes of international calls per month and industry followers are acclaiming the app's affordable and convenient international long distance calling."

IDT Beyond’s white label mobile app, based on the Boss Revolution App, is now available. For more details, contact your IDT account manager.

Official press release can be found here
Sep 25, 2013
IDT Express nominated for “Best Global Product/Services”
Capacity Media focuses on the wholesale telecommunications market and carrier-to-carrier business. Consisting of Capacity Magazine, Capacity Conferences, and International Telecoms Week (ITW), Capacity Media is the leading source for the industry.

Capacity has announced its nominees for the 2013 Capacity Global Carrier Awards and IDT Express has been nominated for "Best Global Product/Service"! This year's awards celebrate innovation, excellence, and vision, and set the benchmark for outstanding performance throughout the global wholesale telecoms marketplace.
Sep 03, 2013
Meet IDT Express at Wholesale World Congress and let us transform your wholesale business
Now in it's 3rd year, Wholesale World Congress (WWC) is the meeting point for the international telecoms wholesale community. As the leading global carrier of voice traffic, IDT will be attending WWC to introduce our state-of-the-art online management portal, premium call quality, and competitive market rates. View a demo of the IDT Express portal allowing real time control of your voice termination, and we'll set you up with a free test account! Contact us to schedule an appointment.
Come and talk to us at one of the many events we’ll be attending:
2015
Capacity Caribbean Punta Cana February 10-11, 2015
Capacity Middle East Dubai March 10-12, 2015
Capacity Latin America Rio de Janeiro March 17-18, 2015
Carriers World Asia Bangkok March 24-25, 2015
ITW Chicago May 11-13, 2015