In the following table, the Company's revenue is disaggregated by primary industry verticals: 24 The Company has a 401(k) plan in the United States under which eligible employees may contribute up to the maximum amount as provided by law. Employees become eligible to participate in the 401(k) plan on the first day of the month after their employment date. The Company may make discretionary contributions under the plan. Employees in most of the Company's non-U.S. legal entities are covered by government mand ...

Concentrix Corporation (NASDAQ:CNXC) Q1 2024 Earnings Conference Call March 26, 2024 5:00 PM ET Company Participants David Stein - Vice President, Investor Relations Chris Caldwell - President & Chief Executive Officer Andre Valentine - Chief Financial Officer Conference Call Participants Joseph Vafi - Canaccord Genuity Ruplu Bhattacharya - Bank of America Divya Goyal - Scotiabank Vincent Colicchio - Barrington Research Operator Good day, and thank you for standing by. Welcome to the Concentrix Fiscal First ...

Revenue and Growth - Revenue for the three months ending May 31, 2024 is forecasted to be between $2,325,000 and $2,372,000, with proforma revenue growth ranging from -0.6% to 1.4%[13] - Proforma constant currency revenue growth for the three months ending May 31, 2024 is expected to be between 1.0% and 3.0%[13] - Revenue for Q1 2024 was $2,402.7 million, up 46.8% YoY from $1,636.4 million in Q1 2023[16] - Q2 2024 revenue is expected to be between $2.325 billion and $2.372 billion, with a 1% to 3% pro forma constant currency growth[19] - Full-year 2024 revenue is expected to range from $9.510 billion to $9.700 billion, with a 1% to 3% pro forma constant currency growth[20] - Total revenue for the three months ended February 29, 2024, was $2,402,748, representing a 47% increase compared to the same period in 2023[35] - Proforma constant currency revenue growth for the three months ended February 29, 2024, was 2.8%[38] Non-GAAP Financial Metrics - Non-GAAP operating income for the three months ended February 29, 2024 was $319,061, compared to $217,604 for the same period in 2023[11] - Adjusted EBITDA for the three months ended February 29, 2024 was $384,318, compared to $255,779 for the same period in 2023[11] - Non-GAAP net income attributable to common stockholders for the three months ended February 29, 2024 was $168,919, compared to $133,522 for the same period in 2023[9] - Non-GAAP diluted EPS for the three months ended February 29, 2024 was $2.57, compared to $2.59 for the same period in 2023[10] - Non-GAAP operating income for Q1 2024 was $319.1 million, a 46.6% increase YoY from $217.6 million[16] - Adjusted EBITDA for Q1 2024 was $384.3 million, up 50.2% YoY from $255.8 million[16] - Non-GAAP diluted EPS for Q1 2024 was $2.57, slightly down by 0.8% YoY from $2.59[16] - Non-GAAP operating margin for the three months ended February 29, 2024, remained stable at 13.3% compared to the same period in 2023[37] Profitability and Margins - Operating margin for Q1 2024 was 6.2%, down 330 bps YoY from 9.5%[16] - Adjusted EBITDA margin for Q1 2024 was 16.0%, up 40 bps YoY from 15.6%[16] - Operating margin for the three months ended February 29, 2024, was 6.2%, compared to 9.5% in the same period in 2023[37] - Adjusted EBITDA margin for the three months ended February 29, 2024, was 16.0%, up from 15.6% in the same period in 2023[37] Cash Flow and Financial Position - Free cash flow for the three months ended February 29, 2024 was -$102,929, compared to $64,296 for the same period in 2023[10] - Cash and cash equivalents decreased to $234,794 as of February 29, 2024, from $295,336 as of November 30, 2023[33] - Accounts receivable increased to $1,927,644 as of February 29, 2024, from $1,888,890 as of November 30, 2023[33] - Long-term debt increased to $5,034,109 as of February 29, 2024, from $4,939,712 as of November 30, 2023[33] Expenses and Compensation - Amortization of intangibles for the three months ended February 29, 2024 was $116,302, compared to $39,260 for the same period in 2023[11] - Share-based compensation for the three months ended February 29, 2024 was $21,646, compared to $16,754 for the same period in 2023[11] - Acquisition-related and integration expenses for the three months ended February 29, 2024 were $30,173, compared to $5,543 for the same period in 2023[11] Net Income and EPS - Net income for the three months ended February 29, 2024, was $52,102, a 41% decrease compared to the same period in 2023[35] - Q1 2024 diluted EPS was $0.76, a 54.8% decrease YoY from $1.68[16] Share Repurchase - The company plans to repurchase $100 million of its shares over the final three quarters of 2024[17] Gross Profit - Gross profit for the three months ended February 29, 2024, was $856,529, a 47% increase year-over-year[35]

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NEWARK, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a leading global provider of customer experience (CX) solutions and technology, plans to announce its fiscal first quarter 2024 financial results after market close on Tuesday, March 26, 2024. The Company also plans to host a conference call and webcast with the investment community to discuss the financial results that same evening on Tuesday, March 26, 2024, at 5:00 pm, Eastern Time. The live conference call webcast w ...

NEWARK, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a leading global provider of customer experience (CX) solutions and technology, plans to announce its fiscal first quarter 2024 financial results after market close on Tuesday, March 26, 2024. The Company also plans to host a conference call and webcast with the investment community to discuss the financial results that same evening on Tuesday, March 26, 2024, at 5:00 pm, Eastern Time. The live conference call webcast ...

In the stock market, certain companies shine brighter than others. They have the potential for high returns and steady growth. The article delves into the strategies of three companies that have captured attention with solid performance and strategic maneuvers. This has led to this list of high-return stocks.On the list. The first one recently made headlines with its stellar earnings, boasting a surge in both stock price and revenue. The earnings reflect the company’s high financial standing and operational ...

Table of Contents We generally sign multi-year client contracts with pricing models that are based on prevailing labor costs in the jurisdictions where we perform services. Quickly rising wages during periods of high inflation or changes in laws or governmental regulations related to wages, mandatory time off, severance, healthcare, other staff benefits or other working conditions could increase our costs and limit our ability to adjust in a timely manner. Our profitability is also affected by the utilizati ...

Financial Data and Key Metrics - Revenue for 2023 increased by 12.5% on an as-reported basis, with approximately 9% contributed by the Webhelp acquisition [13] - Non-GAAP operating income increased by 14.2%, and adjusted EBITDA margin rose by 30 basis points to 16.6% [15] - Free cash flow increased by 8% for the year [15] - Q4 2023 revenue was $2.23 billion, including $574 million from Webhelp for the last two months of the quarter [29] - Non-GAAP operating income for Q4 was $341 million, up $93 million YoY, with a margin of 15.3%, up 20 basis points [31] - Adjusted EBITDA for Q4 was $398 million, up $113 million YoY, with a margin of 17.8%, up 40 basis points [31] - Free cash flow for Q4 was $164 million, including $40 million in transaction and integration costs [34] Business Line Data and Key Metrics - Retail, travel, and e-commerce client revenue grew 12% on a pro forma basis in Q4 [29] - Banking, financial services, and insurance client revenue grew 6% on a pro forma basis [29] - Healthcare client revenue grew 5% on a pro forma basis [29] - Technology and consumer electronics client revenue grew 1% on a pro forma basis [29] - Communications and media client revenue decreased by 3% on a pro forma basis [30] - Other verticals saw a 6% decrease in revenue on a pro forma basis [30] Market Data and Key Metrics - Growth was driven by solid performance in Europe, Asia, and Latin America, with increased movement to offshore and nearshore operations [17] - The Webhelp acquisition expanded the company's footprint in Europe, Latin America, and Africa, adding new consulting, technology, and operating capabilities [22] - The company expects GenAI to positively influence revenue and margins in the latter part of 2024 and into early 2025 [23] Company Strategy and Industry Competition - The company is focusing on integrating Webhelp, achieving cost synergies, and driving growth through advanced services and technologies [22] - The company is investing in GenAI to enhance productivity and offer higher-value services, differentiating itself from competitors [16][23] - The company is targeting a net leverage reduction to close to 2 times adjusted EBITDA within two years of the Webhelp combination [37] Management Commentary on Operating Environment and Future Outlook - Management highlighted the successful integration of Webhelp and the early achievement of synergies [22] - The company expects 2024 to be a year of revenue growth, profit improvement, strong cash generation, and debt reduction [23] - Management is confident in the company's ability to offer competitive GenAI solutions and sees potential for significant benefits from the technology [23] Other Important Information - The company has a sales pipeline of over $0.25 billion in annual contract value, created within Q4 [17] - The company is investing in new strategic seller capabilities to focus on larger enterprise deals [17] - The company expects to achieve $75 million in cost synergies from the Webhelp integration in the first year [44] Q&A Session Summary Question: What are the key growth geographies post-Webhelp acquisition? - The company sees growth opportunities in nearshore Europe, Africa, and Latin America, with a strong focus on integrating Webhelp's capabilities in these regions [48][55] Question: How is the integration of Webhelp progressing in Latin America? - The integration is progressing well, with strong execution teams in Latin America and growth opportunities in domestic markets like Brazil, Colombia, Peru, and Mexico [55] Question: What is the company's M&A strategy for 2024? - The company's focus is on debt reduction, but it may consider small, tuck-in acquisitions that align with its investment-grade principles and enhance domain expertise or technology capabilities [58] Question: How is GenAI expected to impact productivity and margins? - The company sees significant productivity gains from GenAI, particularly in areas like healthcare, banking, and tech support, where large amounts of information can be personalized and delivered more efficiently [54][86] Question: What is the revenue outlook for 2024, and how does Webhelp contribute? - The company expects 1% to 3% pro forma constant currency growth in 2024, with Webhelp growing faster than the core Concentrix business [93] Question: How is the pricing environment evolving? - The pricing environment remains competitive, with clients focused on reducing costs, particularly in commodity work, while higher-value services remain more stable [92]

In the stock market, certain gems often lurk in the shadows, awaiting discovery by savvy investors. As the market enters 2024, three under-the-radar stocks to buy are poised to break free from obscurity and soar to new heights. These companies, spanning the energy, technology and precious metals sectors, are not merely sleeping giants but strategic players with untapped potential.The first one’s recent conversion to a corporation and strategic acquisition of royalty acreage in the Permian Basin set the stag ...