Concentrix Corporation Intrinsic Stock Value – CONCENTRIX CORPORATION Reports FY2023 Q2 Earnings Results as of May 31 2023

🌥️Earnings Overview

On June 28 2023, CONCENTRIX CORPORATION ($NASDAQ:CNXC) announced their earnings results for the second quarter of FY2023, ending May 31 2023. The company reported total revenue of USD 1614.7 million, a 3.0% increase from the same period in the previous year. Unfortunately, net income for the quarter decreased 30.3% year-over-year, amounting to USD 78.8 million.

Price History

CONCENTRIX CORPORATION, a global leader in business services, announced its fiscal year 2023 second quarter earnings on Wednesday, May 31st, 2023. The company’s stock opened at $83.7 and closed at $83.5, representing a slight decrease of 0.3% from the prior closing price. The company attributed its impressive performance to strong demand for their services across various industries. They saw particularly robust growth in the healthcare, technology and financial services sectors.

In addition, CONCENTRIX CORPORATION initiated several cost-cutting measures to maximize efficiency and profitability. Overall, CONCENTRIX CORPORATION’s second quarter results were strong and exceeded market expectations. This is encouraging news for investors as it indicates the company is well positioned to continue its strong performance in the upcoming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Concentrix Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Concentrix Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Concentrix Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Concentrix Corporation are shown below. More…

Analysis – Concentrix Corporation Intrinsic Stock Value

GoodWhale has conducted an analysis of CONCENTRIX CORPORATION‘s fundamentals utilizing our proprietary platform. The resulting intrinsic value of CONCENTRIX CORPORATION’s share is estimated to be around $161.1, according to our Valuation Line. At the current trading price of $83.5 per share, CONCENTRIX CORPORATION is undervalued by 48.2%, providing a potentially attractive investment opportunity for investors. More…

Peers

The company has a strong presence in the US, Europe, and Asia-Pacific regions. Concentrix Corp’s competitors include WidePoint Corp, Oracle Corp Japan, Alithya Group Inc, and other IT outsourcing and customer relationship management companies.

– WidePoint Corp ($NYSEAM:WYY)

As of 2022, WidePoint Corporation’s market capitalization is $22.18 million. The company’s return on equity is -30.85%. WidePoint Corporation is a technology solutions provider that specializes in secure mobility management and enterprise cybersecurity solutions. The company’s products and services enable government agencies and enterprises to deploy and manage mobile devices and applications securely and cost-effectively.

– Oracle Corp Japan ($TSE:4716)

Oracle Corporation Japan is a Japanese subsidiary of Oracle Corporation. It is one of the largest software companies in the world, with a market capitalization of over $1 trillion. The company develops and sells database, middleware, and application software. Oracle Corporation Japan has a return on equity of 37.48%.

– Alithya Group Inc ($TSX:ALYA)

Alithya Group Inc is a global technology and management consulting firm. They offer a comprehensive range of digital, consulting, and managed services to organizations in North America, Europe, and Asia Pacific. They have a market cap of 232M as of 2022 and a Return on Equity of -4.33%. The company has been struggling financially in recent years and has been cutting costs in an attempt to improve their bottom line.

Summary

ConCENTRIX CORPORATION reported their earnings for FY2023 Q2, with total revenue standing at USD 1614.7 million, up 3.0% year-over-year. Unfortunately, net income was down 30.3% to USD 78.8 million. For investors, these figures indicate that CONCENTRIX may be facing some challenges in the coming quarters, and further analysis will be needed to determine the future of the company. It is important to consider the competitive environment when making an investment decision, as well as the company’s financial goals and objectives.

With the increased revenue, CONCENTRIX may be able to deploy more resources into their operations to gain market share. At the same time, they will have to carefully manage costs to ensure profitability.