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Aug 31, 2022
Concentrix Q3 2022 Earnings Report
Concentrix reported solid revenue growth and profit improvements in an uncertain macro environment.
Key Takeaways
Concentrix reported revenue of $1,579.6 million, up 13.1% from the prior year. Operating income was $157.5 million, or 10.0% of revenue. Diluted earnings per common share was $2.04 compared to $2.08 in the prior year. The company also raised its quarterly dividend by 10 percent to $0.275 per share.
Revenue was $1,579.6 million, up 13.1% from the prior year third quarter.
Operating income was $157.5 million, or 10.0% of revenue.
Non-GAAP operating income was $221.5 million, or 14.0% of revenue.
Diluted earnings per common share (“EPS”) was $2.04 compared to $2.08 in the prior year third quarter.
Revenue by Segment
Forward Guidance
Fourth quarter adjusted constant currency revenue growth is expected to approximate 7%. Operating income is expected to exceed $180 million and non-GAAP operating income is expected to exceed $254 million.
Positive Outlook
- Fourth quarter adjusted constant currency revenue growth is expected to approximate 7%.
- We expect the contribution of approximately $175 million in fourth quarter revenue from businesses acquired since the beginning of the prior year fourth quarter.
- Operating income is expected to exceed $180 million.
- Non-GAAP operating income is expected to exceed $254 million.
Challenges Ahead
- Based on current exchange rates, we expect an approximate 5-point negative impact of foreign exchange rates compared with the prior 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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