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Nov 30, 2024
Concentrix Q4 2024 Earnings Report
Concentrix reported Q4 2024 earnings, achieving revenue growth at the high end of previous guidance and introducing 2025 guidance indicating revenue growth, margin, and free cash flow expansion.
Key Takeaways
Concentrix Corporation reported a revenue of $2,448.0 million for the fiscal fourth quarter ended November 30, 2024, representing a 9.7% year-over-year increase. The company's diluted earnings per share (EPS) was $1.72, while non-GAAP diluted EPS was $3.26. The company introduced 2025 guidance indicating revenue growth, margin, and free cash flow expansion.
Revenue of $2,448.0 million, an increase of 9.7% year-on-year.
The Company grew revenue by 1.5% year-on-year on a pro forma constant currency basis, at the top end of its guidance range previously provided.
Non-GAAP diluted EPS was $3.26 compared to $3.36 in the prior year fourth quarter.
The Company repurchased 0.7 million shares in the fourth quarter at a cost of $34.0 million.
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
The company expects first quarter revenue between $2.355 billion and $2.370 billion, with non-GAAP EPS of $2.49 to $2.64. Full year revenue is projected between $9.470 billion and $9.610 billion, with non-GAAP EPS of $11.18 to $11.77.
Positive Outlook
- First quarter revenue expected between $2.355 billion and $2.370 billion.
- First quarter non-GAAP operating income expected to be in the range of $305 million to $315 million.
- First quarter non-GAAP EPS of $2.49 to $2.64.
- Full year revenue of $9.470 billion to $9.610 billion.
- Full year non-GAAP operating income is expected to be in the range of $1,300 million to $1,340 million.
Challenges Ahead
- First quarter expectations assume approximately a 200-basis point negative impact of foreign exchange rates compared with the prior year period.
- Constant currency revenue growth for the first quarter in the range of 0% to 0.75%.
- The effective tax rate is expected to approximate 25.5% to 26.5%.
- Full year expectations assume approximately a 150-basis point negative impact of foreign exchange rates compared with the prior year.
- Constant currency revenue growth for the full year in the range of 0% to 1.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income