Concentrix Reports Strong First Quarter 2021 Results Above Guidance, Expects Full-Year Double-Digit Revenue Growth
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Concentrix Corporation (CNXC) Tops Q1 EPS by 21c, Revenues Beat; Offers 2Q Revenue Outlook Above Consensus
March 24, 2021 4:21 PM EDTConcentrix Corporation (NASDAQ: CNXC) reported Q1 EPS of $2.29, $0.21 better than the analyst estimate of $2.08. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.28 billion.
First Quarter Fiscal 2021 Highlights:
Revenue was $1,353.3 million, up 13.9% from the prior year first quarter and 11.7% on a constant currency basis, compared with $1,188.6 million in the prior year first quarter.Operating income was $134.9 million, or 10.0% of revenue, compared with $88.2 million, or 7.4% of revenue, in the prior year first... More