Concentrix Corporation (NASDAQ:CNXC) Q3 2023 Earnings Conference Call September 27, 2023 5:00 PM ET Company Participants David Stein - Vice President, Investor Relations Chris Caldwell - President and Chief Executive Officer Andre Valentine - Chief Financial Officer Conference Call Participants Ruplu Bhattacharya - Bank of America Oliver Davies - Redburn Atlantic Divya Goyal - Scotiabank Operator Thank you for standing by and welcome to Concentrix Fiscal Third Quarter 2023 Financial Results Conference Call. ...

Debt Arrangements The Restated Credit Agreement contains certain loan covenants that are customary for credit facilities of this type and that restrict our ability to take certain actions, including the creation of liens, mergers or consolidations, changes to the nature of our business, and, solely with respect to our subsidiaries, incurrence of indebtedness. In addition, the Restated Credit Agreement contains financial covenants that require us to maintain at the end of each fiscal quarter, (i) a consolida ...

Concentrix Corporation (NASDAQ:CNXC) Q2 2023 Earnings Call Transcript June 28, 2023 5:00 PM ET Company Participants David Stein - VP, IR Christopher Caldwell - President, CEO & Director Andre Valentine - CFO Conference Call Participants Vincent Colicchio - Barrington Research Associates Ruplu Bhattacharya - Bank of America Merrill Lynch Joseph Vafi - Canaccord Genuity Operator Good day and thank you for standing by. Welcome to Concentrix's Fiscal Second Quarter 2023 Financial Results Conference Call. At thi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-39494 CONCENTRIX CORPORATION (Exact name of Registrant as specified in its charter) (State or ot ...

Concentrix Corp (NASDAQ:CNXC) Q1 2023 Earnings Conference Call March 29, 2023 5:00 PM ET Company Participants David Stein - VP, IR Christopher Caldwell - President, CEO & Director Andre Valentine - CFO Conference Call Participants Vincent Colicchio - Barrington Research Associates Ruplu Bhattacharya - Bank of America Merrill Lynch Operator Good day, and thank you for standing by. Welcome to the Webhelp transaction and Concentrix First Quarter Financial Results Conference Call. [Operator Instructions]. Pleas ...

To the extent that we incur additional indebtedness, the risks described above could increase. In addition, our actual cash requirements in the future may be greater than expected. Our cash flows from operations may not be sufficient to service our outstanding debt or to repay our outstanding debt as it becomes due, and we may be unable to borrow money, sell assets or otherwise raise funds on acceptable terms, if at all, to service or refinance our debt. Borrowings under our senior secured credit facility a ...

Financial Data and Key Metrics Changes - For the full year 2022, revenue increased over 13% on an as-reported basis [4] - Fourth quarter revenue was $1.64 billion, representing a 12% increase compared to the previous year [6] - Non-GAAP operating income for the fourth quarter was $248 million, up from $203 million last year, with a non-GAAP operating margin of 15.1%, an increase of 120 basis points [13] - Adjusted EBITDA for the fourth quarter was $285 million, compared to $238 million last year, with an adjusted EBITDA margin of 17.4%, up 120 basis points [13] - Free cash flow for the fourth quarter was $193 million, including approximately $19 million of integration costs [14] Business Line Data and Key Metrics Changes - Revenue from healthcare clients grew approximately 23% in the fourth quarter [12] - Technology and consumer electronics verticals saw a revenue increase of 13%, driven by technology clients [12] - Retail, travel, and e-commerce clients grew by 12%, with travel clients leading the growth [12] - Revenue from banking, financial services, and insurance clients grew by 10% in the quarter [87] Market Data and Key Metrics Changes - New economy clients generated growth of 13% year-over-year and represented 22% of fourth quarter revenue [69] - The company expects organic constant currency revenue growth in the first half of 2023 to be in the low to mid-single digits, with stronger growth anticipated in the second half [73] Company Strategy and Development Direction - The company is focusing on investments in new technologies and innovative services to align with client needs for cost reduction and operational efficiency [5] - There is an emphasis on expanding the pipeline of integrated solutions and consolidating volumes from smaller providers [90] - The long-term target remains to reach $10 billion in revenues by fiscal 2025, with a focus on M&A to achieve this goal [49] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to navigate the challenging macroeconomic environment, citing strong demand from enterprise and new economy clients [66] - The company anticipates choppiness in the first two quarters of 2023 but expects year-over-year growth to accelerate in the second half due to large deals and consolidation of volumes [66] - Management noted that the labor market has stabilized, contributing to a more predictable operational environment [85] Other Important Information - The company maintained strong liquidity at nearly $1.3 billion, including a $1 billion line of credit [15] - Full year interest expense is expected to be approximately $140 million, with an effective tax rate of around 26% [74] - The company paid a quarterly dividend of $0.275 per share and repurchased 106,000 shares for approximately $13 million in the fourth quarter [116] Q&A Session Summary Question: How is the demand for labor-intensive work changing? - The company noted a shift towards outsourcing offshore due to cost considerations, with stable pricing for higher value work [20] Question: What is the confidence level regarding signing new business? - Management indicated a high level of confidence in signing business with existing clients, particularly those who have consolidated volumes in the past [39] Question: What is the expected contribution from large deals versus consolidated volumes? - Management highlighted that growth drivers include existing clients recalibrating volume expectations and new opportunities arising from consolidation [27] Question: What are the capital allocation priorities? - The company prioritizes dividends and debt reduction, with modest share buybacks planned [108] Question: How is the sales cycle evolving? - Discussions with clients are taking longer as they evaluate outsourcing and consolidation strategies, but once decisions are made, the process accelerates [109]

Concentrix Corporation (NASDAQ:CNXC) Q3 2022 Earnings Conference Call September 29, 2022 9:00 AM ET Company Participants David Stein - Vice President, Investor Relations Chris Caldwell - President and CEO Andre Valentine - Chief Financial Officer Conference Call Participants Vincent Colicchio - Barrington Research Ruplu Bhattacharya - Bank of America Operator Good day and thank you for standing by. Welcome to the Concentrix Fiscal Third Quarter 2022 Financial Results Conference Call. At this time, all part ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-39494 CONCENTRIX CORPORATION (Exact name of Registrant as specified in its charter) | --- | --- | |-- ...

Concentrix Corporation (NASDAQ:CNXC) Q2 2022 Earnings Conference Call June 28, 2022 9:00 AM ET Company Participants David Stein - Vice President, Investor Relations Chris Caldwell - President and CEO Andre Valentine - Chief Financial Officer Conference Call Participants Ruplu Bhattacharya - Bank of America Vincent Colicchio - Barrington Research Operator Good day. And welcome to Concentrix Fiscal Second Quarter 2022 Financial Results Conference Call. At this time, all participants are in listen-only mode. A ...