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.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.