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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.
Concentrix
Concentrix
Concentrix Revenue by Segment
Revenue by Segment
Tech & Electronics Revenue
CapyFin.comRetail, Travel & eComm Revenue
CapyFin.comComms & Media Revenue
CapyFin.comBFSI Revenue
CapyFin.comHealthcare Revenue
CapyFin.comOther Industries Revenue
CapyFin.com 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