IBEX Limited (NASDAQ:IBEX) shares were trading more than 3% higher intra-day today after the company reported its Q2 earnings, with EPS of $0.59 beating the Street estimate of $0.39. However, revenue came in at $131.6 million, worse than the Street estimate of $141.59 million, due to macro pressures, leading management to reduce its 2023 revenue guidance.

On the other hand, the results highlight continued adjusted EBITDA margin expansion of 390bps year-over-year, which management views as the new normal for the company, with an expectation for further improvement.