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Feb 28, 2023
Concentrix Q1 2023 Earnings Report
Concentrix's first quarter of 2023 resulted in revenue growth, profit increase, and strong cash flow.
Key Takeaways
Concentrix reported a solid first quarter in 2023, achieving the top end of expectations with increases in revenue, profit, and cash flow. Revenue reached $1,636.4 million, up 6.5% from the prior year. The company's strategic position and end-to-end customer engagement solutions contribute to its reliability as a strategic partner.
Revenue was $1,636.4 million, up 6.5% from the prior year first quarter.
Operating income was $156.0 million, or 9.5% of revenue.
Non-GAAP operating income was $217.6 million, or 13.3% of revenue.
Adjusted EBITDA was $255.8 million, or 15.6% of revenue.
Revenue by Segment
Forward Guidance
Concentrix provided expectations for the second quarter and full year fiscal 2023, with adjusted constant currency revenue growth expected to be in the range of 3% to 5% for the second quarter and 4% to 6% for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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