IDT Corporation reported earnings results for the first quarter ended October 30, 2023. For the first quarter, the company reported sales was USD 301.21 million compared to USD 321.82 million a year ago. Net income was USD 7.66 million compared to USD 11 million a year ago.

Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.43 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 0.43 a year ago.