Concentrix Q1 Earnings Call Highlights

GAAP results included a $6 million loss related to the sale of two small non-strategic businesses. One sale closed during the quarter, while the second is expected to close later in the year; the pending sale’s assets and liabilities were classified as held for sale on the balance sheet. Total net proceeds from the two divestitures are expected to be approximately $20 million.On profitability, Valentine reported non-GAAP operating income of $295 million, which he said was the midpoint of the company’s prior ...