NASDAQ$CNXC
Concentrix Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Concentrix demonstrated revenue and profit growth.
Concentrix reported a strong first quarter in fiscal year 2022, with double-digit revenue and profit growth. Revenue increased by 13.5% year-over-year to $1,536.1 million, and diluted earnings per share rose to $2.09. The company is optimistic about future growth, driven by its unique mix of CX digital solutions and commitment to innovation.
- Revenue was $1,536.1 million, up 13.5% from the prior year first quarter.
- Operating income was $147.7 million, or 9.6% of revenue.
- Non-GAAP diluted EPS was $2.85 compared to $2.29 in the prior year first quarter.
- Cash flow from operations was $45.0 million in the quarter.
Headline financials
Revenue & EPS history
Concentrix · Revenue · Quarterly
$1.54B
Revenue by segment
Concentrix · $1.54B total across 6 segments · Q1 2022
- Tech & Electronics$470M+13.9%30.6%
- Retail & E-comm$285M+19.2%18.5%
- Comms & Media$261M+4.8%17.0%
- BFSI$243M+16.3%15.8%
- Healthcare$150M+19.9%9.8%
- Other$127M+7.2%8.3%
Forward guidance
Concentrix provided its outlook for the second quarter and full year of fiscal 2022. Second quarter revenue is expected to be in the range of $1.570 billion to $1.600 billion as reported. Full year revenue is expected to be in the range of $6.450 billion to $6.600 billion as reported.
Tailwinds
- Second quarter revenue is expected to be in the range of $1.570 billion to $1.600 billion as reported.
- Second quarter operating income is expected to be in the range of $146 million to $161 million
- Second quarter non-GAAP operating income is expected to be in the range of $205 million to $220 million.
- Revenue is expected to be in the range of $6.450 billion to $6.600 billion as reported.
- Operating income is expected to be in the range of $660 million to $700 million
Headwinds
- Non-GAAP operating income is expected to be in the range of $890 million to $930 million.
- The effective tax rate is expected to approximate 25% to 26% for Q2.
- The effective tax rate is expected to approximate 25% to 26% for full year.
- These statements are forward-looking and actual results may differ materially.
- Uncertainty related to the COVID-19 pandemic and its impact on the global economy
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2022
+0.2%
Avg return
Earnings day
+1.8%
Avg return
5 days after
-2.3%
Avg return
30 days after
50%
13 / 26 earnings
Positive
+42.4%
Q1 2025
Best reaction
-19.8%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -19.8% | +4.5% | — | |
| Q4 2025 | -3.2% | +6.6% | -25.3% | |
| Q3 2025 | -13.4% | -12.3% | -14.7% | |
| Q2 2025 | -1.8% | +3.3% | -13.5% | |
| Q1 2025 | +42.4% | +18.3% | +9.9% | |
| Q4 2024 | +4.9% | +5.3% | +3.5% | |
| Q3 2024 | -19.3% | -19.7% | -30.3% | |
| Q2 2024 | +6.7% | +8.4% | +14.6% | |
| Q1 2024 | +4.1% | +5.8% | -11.4% | |
| Q4 2023 | -16.4% | -11.7% | -20.6% | |
| Q3 2023 | +10.9% | +12.7% | +1.9% | |
| Q2 2023 | -3.5% | -0.7% | -0.3% | |
| Q1 2023 | +0.3% | +0.3% | -19.3% | |
| Q4 2022 | -1.6% | -3.6% | -1.1% | |
| Q3 2022 | -3.3% | +3.5% | +7.7% | |
| Q2 2022 | -3.9% | -5.6% | -9.2% | |
| Q1 2022 | -10.5% | -15.8% | -17.0% | |
| Q4 2019 | +12.0% | +13.0% | +10.6% | |
| Q4 2021 | +1.5% | +1.9% | +20.0% | |
| Q3 2020 | -0.9% | +0.1% | -3.2% | |
| Q3 2021 | +2.5% | +8.4% | +4.8% | |
| Q2 2020 | +1.1% | +0.3% | +2.6% | |
| Q2 2021 | -2.0% | +2.4% | +4.0% | |
| Q1 2020 | +1.5% | +0.9% | +3.2% | |
| Q1 2021 | +8.9% | +11.5% | +24.6% | |
| Q4 2020 | +7.9% | +9.4% | +1.0% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro