NASDAQ$CNXC
Concentrix Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Concentrix reported Q4 2021 earnings with revenue up 12.7% year-over-year and EPS of $2.35.
Concentrix Corporation reported strong financial results for the fiscal fourth quarter ended November 30, 2021. Revenue increased by 12.7% compared to the prior year, reaching $1,466.6 million. Diluted earnings per share (EPS) rose significantly to $2.35, compared to $1.25 in the prior year fourth quarter. The company also provided its first quarter and full year fiscal 2022 outlook.
- Revenue was $1,466.6 million, up 12.7% from the prior year fourth quarter.
- Operating income was $157.9 million, or 10.8% of revenue.
- Non-GAAP diluted EPS was $2.99 compared to $2.07 in the prior year fourth quarter.
- The company repurchased 0.1 million shares in the fourth quarter at a cost of $25.1 million.
Headline financials
Revenue & EPS history
Concentrix · Revenue · Quarterly
$1.47B
Revenue by segment
Concentrix · $1.47B total across 6 segments · Q4 2021
- Tech & Electronics$481M+17.2%32.8%
- Retail & E-comm$273M+14.7%18.6%
- Comms & Media$245M+2.5%16.7%
- BFSI$213M+15.0%14.6%
- Healthcare$135M+14.3%9.2%
- Other$119M+8.8%8.1%
Forward guidance
Concentrix provided its outlook for the first quarter and full year of fiscal 2022, with revenue expected to be in the range of $1.510 billion to $1.540 billion for the first quarter and $6.450 billion to $6.600 billion for the full year.
Tailwinds
- Revenue is expected to be in the range of $1.510 billion to $1.540 billion for Q1 2022.
- Q1 2022 revenue includes an approximately $78 million contribution from PK for the months of January and February.
- Non-GAAP operating income is expected to be in the range of $190 million to $205 million for Q1 2022.
- Revenue is expected to be in the range of $6.450 billion to $6.600 billion for FY 2022.
- FY 2022 revenue includes an approximately $485 million 11-month contribution from PK.
Headwinds
- The effective tax rate is expected to approximate 25% to 26%.
- Non-GAAP operating income is expected to be in the range of $890 million to $930 million for FY 2022.
- The Company believes that a quantitative reconciliation of the non-GAAP operating income outlook to the most directly comparable GAAP measure cannot be provided without unreasonable efforts.
- The incomplete purchase price allocation for the PK acquisition and the related unavailability of the expected amortization of PK intangible assets makes reconciliation difficult.
- Concentrix is unable to address the probable significance of the unavailable information, which may have a material impact on the Company’s GAAP results.
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 Q4 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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