NASDAQ$CNXC
Concentrix Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Concentrix demonstrated strong financial performance, marked by double-digit revenue growth and strategic capital allocation.
Concentrix reported a strong third quarter in fiscal year 2021, with revenue up 20.1% year-over-year to $1,397.3 million. The company's operating income increased by 97.1% to $151.4 million, and diluted earnings per share rose by 136.4% to $2.08. Concentrix also announced a quarterly dividend of $0.25 per share and a $500 million share repurchase program.
- Revenue increased by 20.1% year-over-year, reaching $1,397.3 million.
- Operating income grew by 97.1% compared to the prior year, amounting to $151.4 million.
- Diluted earnings per share significantly increased to $2.08, a 136.4% rise.
- A quarterly dividend of $0.25 per share was declared, alongside a $500 million share repurchase program.
Headline financials
Revenue & EPS history
Concentrix · Revenue · Quarterly
$1.4B
Revenue by segment
Concentrix · $1.4B total across 6 segments · Q3 2021
- Tech & Electronics$448M+24.3%32.1%
- Comms & Media$256M+6.5%18.4%
- Retail & E-comm$242M+26.4%17.3%
- BFSI$211M+27.0%15.1%
- Other$127M+11.3%9.1%
- Healthcare$114M+23.9%8.1%
Forward guidance
Concentrix expects fourth quarter revenue to be in the range of $1.44 billion to $1.48 billion. Operating income is expected to be in the range of $149.6 million to $159.6 million, and non-GAAP operating income is expected to be in the range of $195.0 million to $205.0 million. The effective tax rate is expected to approximate 27% to 28%.
Tailwinds
- Revenue is expected to be in the range of $1.44 billion to $1.48 billion.
- Operating income is projected between $149.6 million and $159.6 million.
- Non-GAAP operating income is anticipated to be in the range of $195.0 million to $205.0 million.
- The company anticipates an effective tax rate of 27% to 28%.
- Company expects above-market adjusted constant currency revenue growth to approximate 17 percent with meaningful profit margin expansion above pre-COVID levels.
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 Q3 2021
+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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