Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +47.4% EPS YoY: -35.1% Move: +0.59%

Concentrix Corporation

CNXC

$39.27 0.59%

Exchange NASDAQ Sector Technology Industry Information Technology Services

Q2 2024

Published: Jul 5, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for CNXC

Reported

Report Date

Jul 5, 2024

Quarter Q2 2024

Revenue

2.38B

YoY: +47.4%

EPS

0.98

YoY: -35.1%

Market Move

+0.59%

Previous quarter: N/A

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Earnings Highlights

Revenue of $2.38B up 47.4% year-over-year
EPS of $0.98 decreased by 35.1% from previous year
Gross margin of 36.0%
Net income of 66.83M
""We believe that by thinking about the customer experience holistically across both back office and front office work... we could create a market opportunity for ourselves." - Chris Caldwell, CEO" - Chris Caldwell

CNXC

Concentrix Corporation

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 11, 2026

Executive Summary

Concentrix Corporation (CNXC) delivered a robust performance in Q2 2024, achieving a 47% increase in revenue to $2.38 billion and a solid adjusted EBITDA of $380 million, reflecting year-on-year growth of 47%. The company also announced strong adjusted free cash flow of $202 million and reaffirmed its full-year free cash flow guidance of $700 million, net of integration costs. Management's focus on technology investments, particularly in generative AI, is expected to drive future growth as evidenced by new client wins and ongoing demand stability. Chris Caldwell, CEO, noted the company's ability to exceed previous guidance and raised the full-year revenue forecast, reflecting strong demand in verticals such as retail, travel, and financial services.

Key Performance Indicators

Revenue

Increasing

2.38B

QoQ: -0.92% | YoY: 47.44%

Gross Profit

Increasing

857.57M

36.02% margin

QoQ: 0.12% | YoY: 47.80%

Operating Income

Decreasing

150.17M

QoQ: 1.17% | YoY: -7.63%

Net Income

Decreasing

66.83M

QoQ: 28.28% | YoY: -15.24%

EPS

Decreasing

0.98

QoQ: 28.95% | YoY: -35.10%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: Q2 2024 revenue stood at $2.38 billion, a 47% YoY increase and a slight QoQ decrease of 0.92%. Pro forma growth on a constant currency basis was 4%.

Gross Profit: Reached $857.6 million, with a gross profit margin of 36.0%.

Adjusted EBITDA: Totaled $380 million, indicating a 15.9% adjusted EBITDA margin.

Net Income: Reported net income for the quarter was $66.83 million with EPS of $0.98, reflecting a year-on-year decline of 35.1%.

Free Cash Flow: Adjusted free cash flow was $202 million.

Balance Sheet: Total cash and cash equivalents were $207 million, with total debt at $4.9 billion, yielding a net debt leverage ratio of 2.97x based on adjusted EBITDA.

Investment Metrics: Management underscored a net leverage reduction goal to approximately 2.0x over the next two years after the Webhelp acquisition, emphasizing disciplined capital allocation and shareholder returns through dividends and stock repurchases.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	2.38B	47.44%	-0.92%
Gross Profit	857.57M	47.80%	0.12%
Operating Income	150.17M	-7.63%	1.17%
Net Income	66.83M	-15.24%	28.28%
EPS	0.98	-35.10%	28.95%

Key Financial Ratios

Gross Profit Margin

Fair

28.60%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Fair

7.63%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Weak

2.81%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

0.55%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

1.64%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.54

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

High Risk

1.21

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

14.97x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Undervalued

0.98x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	2,417.37	0.63	+1.5%	View
Q1 2025	2,372.22	1.10	-1.3%	View
Q4 2024	2,448.02	-2.00	+9.7%	View
Q3 2024	2,387.41	0.25	+46.2%	View
Q2 2024	2,380.72	0.98	+47.4%	View

Concentrix Corporation (CNXC) Q2 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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