IDT Corporation reported earnings results for the second quarter and six months ended January 31, 2023. For the second quarter, the company reported sales was USD 313.94 million compared to USD 337.06 million a year ago. Net income was USD 14.62 million compared to USD 7.49 million a year ago. Basic earnings per share from continuing operations was USD 0.57 compared to USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.28 a year ago.
For the six months, sales was USD 635.75 million compared to USD 707.14 million a year ago. Net income was USD 25.63 million compared to USD 5.02 million a year ago. Basic earnings per share from continuing operations was USD 1 compared to USD 0.2 a year ago. Diluted earnings per share from continuing operations was USD 1 compared to USD 0.19 a year ago.