IBEX Ltd. (IBEX), on Wednesday, announced a share repurchase program authorizing the company to buyback up to $20 million of its common stock over the next 12 months.
IBEX said the repurchase program will be funded through existing cash balance and free cash flow.
Chief Executive Officer Bob Dechant said the new repurchase program reflects confidence in the company's business strength, financial position, and growth trajectory, while supporting shareholder value through disciplined capital deployment.
in the pre-market trading, IBEX is 1.61% higher at $31.52 on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.