IDT Reports Results for the Second Quarter Fiscal 2007

NEWARK, NJ — March 8, 2007 — IDT Corporation (NYSE: IDT, IDT.C) announces operating results for the second quarter of fiscal 2007, the three months ended January 31, 2007.

·         Revenues: $512.5 million, down 9.7% year-over-year.

·         Net loss: $27.0 million, versus a net loss of $55.6 million one year ago.

·         Net Loss per share: ($0.33), versus a net loss per share of ($0.58) one year ago.

·         Cash, cash equivalents and marketable securities totaled $768.0 million as of the end of the second quarter.

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