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Feb 28, 2022
Concentrix Q1 2022 Earnings Report
Concentrix demonstrated revenue and profit growth.
Key Takeaways
Concentrix reported a strong first quarter in fiscal year 2022, with double-digit revenue and profit growth. Revenue increased by 13.5% year-over-year to $1,536.1 million, and diluted earnings per share rose to $2.09. The company is optimistic about future growth, driven by its unique mix of CX digital solutions and commitment to innovation.
Revenue was $1,536.1 million, up 13.5% from the prior year first quarter.
Operating income was $147.7 million, or 9.6% of revenue.
Non-GAAP diluted EPS was $2.85 compared to $2.29 in the prior year first quarter.
Cash flow from operations was $45.0 million in the quarter.
Revenue by Segment
Forward Guidance
Concentrix provided its outlook for the second quarter and full year of fiscal 2022. Second quarter revenue is expected to be in the range of $1.570 billion to $1.600 billion as reported. Full year revenue is expected to be in the range of $6.450 billion to $6.600 billion as reported.
Positive Outlook
- Second quarter revenue is expected to be in the range of $1.570 billion to $1.600 billion as reported.
- Second quarter operating income is expected to be in the range of $146 million to $161 million
- Second quarter non-GAAP operating income is expected to be in the range of $205 million to $220 million.
- Revenue is expected to be in the range of $6.450 billion to $6.600 billion as reported.
- Operating income is expected to be in the range of $660 million to $700 million
Challenges Ahead
- Non-GAAP operating income is expected to be in the range of $890 million to $930 million.
- The effective tax rate is expected to approximate 25% to 26% for Q2.
- The effective tax rate is expected to approximate 25% to 26% for full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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