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CONCENTRIX Concentrix Reports Record Second Quarter 2021 Results with Strong New Business Signings Fremont , Calif . , June 23 , 2021 - Concentrix Corporation ( NASDAQ : CNXC ) , a leading global provider of customer experience ( CX ) solutions and technology , today announced financial results for the fiscal second quarter ended May 31 , 2021 . Revenue ( $ M ) Operating income ( $ M ) Non - GAAP operating income ( $ M ) ( ¹ ) Operating margin Non - GAAP operating margin Net income ( SM ) Non - GAAP net income ( $ M ) ( ¹ ) Adjusted EBITDA ( $ M ) ( ¹ ) Adjusted EBITDA margin ( ¹ ) Diluted earnings per share ( ² ) Non - GAAP diluted earnings per share ( 1 ) , ( 2 ) ™ M ● $ $ $ ● $ $ $ $ $ Three Months Ended May 31 , 2021 1,369.9 128.2 172.1 $ $ 9.4 % 12.6 % 82.9 $ 124.9 $ 208.3 $ 15.2 % 1.57 2.37 $ $ May 31 , 2020 1,066.4 23.6 67.5 2.2 % 6.3 % 2.5 35.3 97.7 9.2 % 0.05 0.68 Change ( 1 ) See non - GAAP reconciliations included in the accompanying financial tables for the reconciliation of each non - GAAP measure to its most directly comparable GAAP measure . 28.5 % 443.2 % 155.0 % 720 bps 630 bps 3,216.0 % 253.8 % 113.2 % 600 bps 3,040.0 % 248.5 % ( 2 ) For the three months ended May 31 , 2020 , weighted average number of shares used for diluted EPS is based on the number of shares issued in connection with the spin - off of 51.6 million . Second Quarter Fiscal 2021 Highlights : Revenue was $ 1,369.9 million , up 28.5 % from the prior year second quarter and 24.3 % on a constant currency basis , compared with $ 1,066.4 million in the prior year second quarter . Operating income was $ 128.2 million , or 9.4 % of revenue , compared with $ 23.6 million , or 2.2 % of revenue , in the prior year second quarter . Non - GAAP operating income was $ 172.1 million , or 12.6 % of revenue , compared with $ 67.5 million , or 6.3 % of revenue , in the prior year second quarter . Adjusted EBITDA was $ 208.3 million , or 15.2 % of revenue , compared with $ 97.7 million , or 9.2 % of revenue , in the prior year second quarter . Cash flow from operations of $ 203.2 million in the quarter . Free cash flow for the quarter was $ 174.4 million and outstanding indebtedness was paid down to $ 959.2 million .