secwatch.observer — SEC 8-K summary
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Issuer:     Concentrix Corp (CNXC)
CIK:        0001803599
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001803599-23-000144
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803599/000180359923000144/0001803599-23-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803599/000180359923000144/cnxc-20230628.htm
  HTML page:      https://secwatch.observer/filing/0001803599-23-000144

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer