{"id":724578,"date":"2023-01-19T16:15:27","date_gmt":"2023-01-19T21:15:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/concentrix-reports-fiscal-2022-fourth-quarter-and-full-year-results\/"},"modified":"2023-01-19T16:15:27","modified_gmt":"2023-01-19T21:15:27","slug":"concentrix-reports-fiscal-2022-fourth-quarter-and-full-year-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/concentrix-reports-fiscal-2022-fourth-quarter-and-full-year-results\/","title":{"rendered":"Concentrix Reports Fiscal 2022 Fourth Quarter and Full Year Results"},"content":{"rendered":"
\n

NEWARK, Calif., Jan. 19, 2023 (GLOBE NEWSWIRE) — Concentrix Corporation (NASDAQ: CNXC), a leading global provider of customer experience (CX) solutions and technology, today announced financial results for the fiscal fourth quarter and fiscal year ended November 30, 2022.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Fiscal Year Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n November 30, 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\n November 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Change<\/strong>\n <\/td>\n\u00a0<\/td>\n\n November 30, 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\n November 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Change<\/strong>\n <\/td>\n<\/tr>\n
Revenue ($M) <\/em><\/td>\n$<\/td>\n1,640.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,466.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.9<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n6,324.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n5,587.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.2<\/td>\n%<\/td>\n<\/tr>\n
Operating income ($M) <\/em><\/td>\n$<\/td>\n178.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n157.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.7<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n640.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n572.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.8<\/td>\n%<\/td>\n<\/tr>\n
Non-GAAP operating income ($M) <\/em>(1)<\/em><\/sup><\/td>\n$<\/td>\n248.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n203.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.9<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n884.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n733.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.5<\/td>\n%<\/td>\n<\/tr>\n
Operating margin<\/td>\n\u00a0<\/td>\n10.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.8<\/td>\n%<\/td>\n\u00a0<\/td>\n0 bps<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.2<\/td>\n%<\/td>\n\u00a0<\/td>\n-10 bps<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP operating margin (1)<\/em><\/sup><\/td>\n\u00a0<\/td>\n15.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.9<\/td>\n%<\/td>\n\u00a0<\/td>\n120 bps<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.1<\/td>\n%<\/td>\n\u00a0<\/td>\n90 bps<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income ($M)<\/em><\/td>\n$<\/td>\n104.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n124.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15.5<\/td>\n)%<\/td>\n\u00a0<\/td>\n$<\/td>\n435.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n405.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.2<\/td>\n%<\/td>\n<\/tr>\n
Non-GAAP net income ($M) <\/em>(1)<\/em><\/sup><\/td>\n$<\/td>\n157.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n158.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.5<\/td>\n)%<\/td>\n\u00a0<\/td>\n$<\/td>\n617.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n534.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.4<\/td>\n%<\/td>\n<\/tr>\n
Adjusted EBITDA ($M) <\/em>(1)<\/em><\/sup><\/td>\n$<\/td>\n284.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n238.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.6<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n1,031.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n874.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.0<\/td>\n%<\/td>\n<\/tr>\n
Adjusted EBITDA margin (1)<\/em><\/sup><\/td>\n\u00a0<\/td>\n17.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.2<\/td>\n%<\/td>\n\u00a0<\/td>\n120 bps<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.6<\/td>\n%<\/td>\n\u00a0<\/td>\n70 bps<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted earnings per common share<\/td>\n$<\/td>\n2.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.35<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(14.5<\/td>\n)%<\/td>\n\u00a0<\/td>\n$<\/td>\n8.28<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7.70<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.5<\/td>\n%<\/td>\n<\/tr>\n
Non-GAAP diluted earnings per common share (1)<\/em><\/sup><\/td>\n$<\/td>\n3.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.99<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.7<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n11.75<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10.15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.8<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n (1)<\/sup> See non-GAAP reconciliations included in the accompanying financial tables for the reconciliation of each non-GAAP measure to its most directly comparable GAAP measure.<\/p>\n

\n Fourth Quarter Fiscal 2022 Highlights:<\/strong>\n <\/p>\n