Concentrix Q1 revenue up 6.5% to $1.64B; GAAP EPS down 19.6% to $1.68

Concentrix Corp

2023-Q1 EPS reported $1.68 revenue$1,636,404,000

Revenue $1,636.4M, up 6.5% YoY; non-GAAP operating margin expanded 20 bps to 13.3%.
GAAP net income $87.9M ($1.68 diluted EPS) vs $110.3M ($2.09) prior year, down 20.3%.
Adjusted EBITDA $255.8M (15.6% margin) vs $237.9M (15.5% margin) prior year.
Cash from operations $103.9M; free cash flow $64.3M in the quarter.
Declared $0.275 quarterly dividend payable May 9, 2023; repurchased 0.1M shares at avg $140.19.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Concentrix Corp reported financial results for the fiscal first quarter ended February 28, 2023.

Period: the fiscal first quarter ended February 28, 2023
Result: reported results

Exact text from the filing

On March 29, 2023, Concentrix Corporation (the “Company” or “Concentrix”) issued a press release reporting its financial results for the first quarter ended February 28, 2023.

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Source: SEC EDGAR

accession 0001803599-23-000073

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