IDT Corporation: How a Dusty Landline Turns into a Highly Profitable Tech Business
Reading Time: 4 minutes
IDT is gradually transforming itself from a classic telecommunications provider into a highly profitable platform and software holding. The reliable cash flows from the mature legacy business fully finance the rapid expansion of the high-growth segments of point-of-sale systems, fintech, and cloud communication from its own resources. The company operates free of financial liabilities, boasts a comfortable net cash cushion, and benefits from steadily increasing margins. The American IDT Corporation (NYSE: IDT) is one of the most interesting...
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