Concentrix Q2 revenue up 3% to $1.61B; GAAP EPS $1.51, non-GAAP EPS $2.69

Concentrix Corp

2023-Q2 EPS reported $3.18 revenue$3,251,110,000

Revenue $1,614.7M (+3% YoY); operating margin 10.1% vs 10.0% a year ago.
GAAP net income $78.9M (-30% YoY); non-GAAP net income $140.6M (-9% YoY).
Adjusted EBITDA $258.8M (16.0% margin); free cash flow $101.3M in Q2.
Quarterly dividend of $0.275 declared, payable Aug 8, 2023; $339.1M remaining buyback authorization.
Management cites margin expansion and AI progress; notes some client volumes below expectations.

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 second quarter ended May 31, 2023 results: revenue $1,614.7 million, net income $78.9 million, EPS $1.51.

Period: second quarter ended May 31, 2023
Revenue: $1,614.7 million
Net income: $78.9 million
EPS: $1.51
Result: reported results

Exact text from the filing

accompanying financial tables for the reconciliation of each non-GAAP measure to its most directly comparable GAAP measure. Second Quarter Fiscal 2023 Highlights: • Revenue was $1,614.7 million, up 3.0% from the prior year second quarter, including a 1.6-point negative impact of foreign exchange rates compared with the prior year period, compared with $1,568.1 million

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Source: SEC EDGAR

accession 0001803599-23-000144

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