Concentrix Q4 2022 Earnings Report
Key Takeaways
Concentrix Corporation reported financial results for the fiscal fourth quarter and fiscal year ended November 30, 2022. Revenue was $1,640.7 million, up 11.9% from the prior year fourth quarter. Diluted earnings per common share was $2.01 compared to $2.35 in the prior year fourth quarter.
Revenue was $1,640.7 million, up 11.9% from the prior year fourth quarter, including a 5.1 point negative impact of foreign exchange rates compared with the prior year period, compared with $1,466.6 million in the prior year fourth quarter, and up 5.8% on an adjusted constant currency basis.
Operating income was $178.0 million, or 10.8% of revenue, compared with $157.9 million, or 10.8% of revenue in the prior year fourth quarter.
Non-GAAP operating income was $248.0 million, or 15.1% of revenue, compared with $203.4 million, or 13.9% of revenue, in the prior year fourth quarter.
Adjusted EBITDA was $284.8 million, or 17.4% of revenue, compared with $238.2 million, or 16.2% of revenue, in the prior year fourth quarter.
Concentrix
Concentrix
Concentrix Revenue by Segment
Forward Guidance
First quarter adjusted constant currency revenue growth is expected to be in the range of 2% to 4%. Full year adjusted constant currency revenue growth is expected to be in the range of 4% to 6%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income