earnings
confidence high
sentiment positive
materiality 0.75
Concentrix Q3 revenue $2.39B beats guidance; raises dividend 10%
Concentrix Corp
2024-Q3 EPS reported
$2.00
revenue$7,170,876,000
- Revenue $2,387.4M, +46.2% YoY; pro forma const cur rev growth 2.6%. GAAP EPS $0.25, Non-GAAP EPS $2.87 +4% YoY.
- Q3 GAAP operating income $153.2M, down 5.6% on higher amortization and Webhelp integration costs.
- Non-GAAP op margin 13.9% vs 14.1% prior year; Adj EBITDA $388.1M (16.3% margin).
- Board raised quarterly dividend to $0.33275/share from $0.3025, a 10% increase; paid $39.1M on 0.6M share repurchases.
- Launched iX Hello, GenAI product for productivity/engagement; no specific revenue guidance provided for Q4 or FY24.