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Aug 31, 2021
Concentrix Q3 2021 Earnings Report
Concentrix demonstrated strong financial performance, marked by double-digit revenue growth and strategic capital allocation.
Key Takeaways
Concentrix reported a strong third quarter in fiscal year 2021, with revenue up 20.1% year-over-year to $1,397.3 million. The company's operating income increased by 97.1% to $151.4 million, and diluted earnings per share rose by 136.4% to $2.08. Concentrix also announced a quarterly dividend of $0.25 per share and a $500 million share repurchase program.
Revenue increased by 20.1% year-over-year, reaching $1,397.3 million.
Operating income grew by 97.1% compared to the prior year, amounting to $151.4 million.
Diluted earnings per share significantly increased to $2.08, a 136.4% rise.
A quarterly dividend of $0.25 per share was declared, alongside a $500 million share repurchase program.
Revenue by Segment
Forward Guidance
Concentrix expects fourth quarter revenue to be in the range of $1.44 billion to $1.48 billion. Operating income is expected to be in the range of $149.6 million to $159.6 million, and non-GAAP operating income is expected to be in the range of $195.0 million to $205.0 million. The effective tax rate is expected to approximate 27% to 28%.
Positive Outlook
- Revenue is expected to be in the range of $1.44 billion to $1.48 billion.
- Operating income is projected between $149.6 million and $159.6 million.
- Non-GAAP operating income is anticipated to be in the range of $195.0 million to $205.0 million.
- The company anticipates an effective tax rate of 27% to 28%.
- Company expects above-market adjusted constant currency revenue growth to approximate 17 percent with meaningful profit margin expansion above pre-COVID levels.
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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