earnings
confidence high
sentiment positive
materiality 0.80
Concentrix Q2 revenue $2.38B (+47% YoY), beats expectations; raises FY2024 revenue guidance
Concentrix Corp
2024-Q2 EPS reported
$1.74
revenue$4,783,464,000
- Revenue $2,380.7M, up 47.4% YoY; GAAP EPS $0.98 (down 35%), non-GAAP EPS $2.69 (up 2.3%).
- Adjusted free cash flow $201.9M; operating cash flow $238.3M; returned $60M via buybacks ($40.3M) and dividends.
- Board declared $0.3025/share dividend payable Aug 6, 2024; share repurchase authorization $227.2M remains.
- Webhelp integration on track; raised full-year 2024 revenue guidance and reaffirmed adjusted free cash flow outlook.
- Non-GAAP operating margin 13.5% vs 13.7% prior year; adjusted EBITDA margin 15.9% vs 16.0%.