NASDAQ$CNXC
Concentrix Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Concentrix reported solid revenue growth and profit improvements in an uncertain macro environment.
Concentrix reported revenue of $1,579.6 million, up 13.1% from the prior year. Operating income was $157.5 million, or 10.0% of revenue. Diluted earnings per common share was $2.04 compared to $2.08 in the prior year. The company also raised its quarterly dividend by 10 percent to $0.275 per share.
- Revenue was $1,579.6 million, up 13.1% from the prior year third quarter.
- Operating income was $157.5 million, or 10.0% of revenue.
- Non-GAAP operating income was $221.5 million, or 14.0% of revenue.
- Diluted earnings per common share (“EPS”) was $2.04 compared to $2.08 in the prior year third quarter.
Headline financials
Revenue & EPS history
Concentrix · Revenue · Quarterly
$1.58B
Revenue by segment
Concentrix · $1.58B total across 6 segments · Q3 2022
- Tech & Electronics$501M+11.7%31.7%
- Retail & E-comm$300M+24.0%19.0%
- Comms & Media$274M+7.0%17.4%
- BFSI$235M+11.4%14.9%
- Healthcare$143M+25.8%9.1%
- Other$127M+0.4%8.0%
Forward guidance
Fourth quarter adjusted constant currency revenue growth is expected to approximate 7%. Operating income is expected to exceed $180 million and non-GAAP operating income is expected to exceed $254 million.
Tailwinds
- Fourth quarter adjusted constant currency revenue growth is expected to approximate 7%.
- We expect the contribution of approximately $175 million in fourth quarter revenue from businesses acquired since the beginning of the prior year fourth quarter.
- Operating income is expected to exceed $180 million.
- Non-GAAP operating income is expected to exceed $254 million.
Headwinds
- Based on current exchange rates, we expect an approximate 5-point negative impact of foreign exchange rates compared with the prior year.
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 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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