Concentrix Q1 revenue rises 5.4% to USD 2.5 billion, net income falls 69.3% to USD 22 million

Concentrix Corporation 0.00%

Concentrix Corporation

CNXC

30.36

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  • Concentrix issued an earnings release reporting fiscal first-quarter results, with revenue of USD 2.5 billion, up 5.4%.
  • Operating income was USD 118.6 million, down 29.8%, and operating margin was 4.7%, down 2.4 percentage points.
  • Net income fell 69.3% to USD 21.6 million, while diluted EPS was USD 0.33, down 68.3%.
  • Non-GAAP operating income declined 8.2% to USD 295.0 million, and adjusted EBITDA decreased 6.9% to USD 348.2 million.
  • Chris Caldwell said the company is focused on winning long-term programs combining integrated technology solutions and services, and Concentrix kept its full-year outlook, including revenue of USD 10.04 billion to USD 10.18 billion and non-GAAP diluted EPS of USD 11.48 to USD 12.07.


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