NASDAQ$CNXC
Concentrix Corporation · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Concentrix's revenue increased by 14.5% year-over-year, with operating income and net income also showing significant growth.
Concentrix reported strong second-quarter results with revenue reaching $1,568.1 million, a 14.5% increase from the prior year. Operating income grew by 22.4% to $156.9 million, and net income increased by 36.4% to $113.1 million. The company's outlook for the year includes increased foreign currency headwinds.
- Revenue was $1,568.1 million, up 14.5% from the prior year second quarter.
- Operating income was $156.9 million, or 10.0% of revenue.
- Non-GAAP operating income was $212.8 million, or 13.6% of revenue.
- Diluted earnings per common share (“EPS”) was $2.14 compared to $1.57 in the prior year second quarter.
Headline financials
Revenue & EPS history
Concentrix · Revenue · Quarterly
$1.57B
Revenue by segment
Concentrix · $1.57B total across 6 segments · Q2 2022
- Tech & Electronics$467M+11.9%29.8%
- Retail & E-comm$295M+27.2%18.8%
- Comms & Media$274M+7.4%17.5%
- BFSI$256M+11.7%16.3%
- Healthcare$148M+28.4%9.5%
- Other$129M+5.9%8.2%
Forward guidance
Concentrix expects third quarter revenue to be in the range of $1.575 billion to $1.605 billion, up approximately 13% to 15% as reported. Full year revenue is expected to be in the range of $6.365 billion to $6.415 billion, up approximately 14% to 15% as reported.
Tailwinds
- Third quarter revenue is expected to be in the range of $1.575 billion to $1.605 billion, up approximately 13% to 15% as reported.
- Third quarter operating income is expected to be in the range of $161 million to $176 million.
- Third quarter non-GAAP operating income is expected to be in the range of $220 million to $235 million.
- Full year revenue is expected to be in the range of $6.365 billion to $6.415 billion, up approximately 14% to 15% as reported.
- Full year operating income is expected to be in the range of $663 million to $688 million.
Headwinds
- The outlook for the balance of the year includes increased foreign currency headwinds.
- Changes in a small portion of client base looking to move more work offshore.
- Third quarter revenue expectation includes a 3-point negative impact of foreign exchange rates compared with the prior year period.
- Full year revenue expectation includes a 3-point negative impact of foreign exchange rates compared with the prior year.
- Effective tax rate is expected to approximate 24% to 25%.
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 Q2 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 | — | — | — |
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