Concentrix (NASDAQ:CNXC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$2.38b (up 47% from 2Q 2023).

• Net income: US$64.3m (down 17% from 2Q 2023).

• Profit margin: 2.7% (down from 4.8% in 2Q 2023).

• EPS: US$0.98 (down from US$1.51 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Concentrix Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

Be aware that Concentrix is showing 5 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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