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Company | Revenue | |
---|---|---|
No data for previous quarter available yet. |
Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 2.4B | 7.7% |
Gross Profit | 857M | 4.1% |
Cost of Revenue | 1.55B | 9.8% |
Operating expense | 738M | 18% |
Net Income | 52M | 25% |
EBITDA | 362M | 19.5% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 12.2B | 2% |
Total Liabilities | 8.14B | 2.5% |
Total Equity | 4.1B | 1% |
Shares Outstanding | 66M | 0.2% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | -47M | 120.4% |
Cash from investing | -61M | 97% |
Cash from financing | 14M | 91.3% |
EPS
Financial Highlights for Concentrix in Q1 '24
Concentrix reported a revenue of 2.4B, which is a 7.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 857M, marking a 4.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.55B, a 9.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 738M, showing a -18% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 52M, showing a -25% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 362M, showing a 19.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Concentrix faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.