IDT Corporation recently disclosed its financial results for the third quarter of fiscal year 2025. The company reported a significant increase in net income attributable to IDT Corporation, amounting to $21.7 million, up from $5.6 million in the same quarter of the previous year. This represents a notable improvement in the company's profitability. Adjusted figures also showed progress, with Non-GAAP net income reaching $22.7 million, compared to $9.7 million in the third quarter of 2024. Earnings per share $(EPS)$ on a Non-GAAP basis were reported at $0.90 for both basic and diluted shares, compared to $0.38 in the previous year's third quarter. The company's adjustments included stock-based compensation, severance expenses, and other operating expenses, which were accounted for in the Non-GAAP net income calculation. IDT's management uses these non-GAAP measures to provide investors with additional insights into the company's core operating performance. No specific outlook or guidance for future periods was provided in the financial report.
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