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CONCENTRIX Concentrix Reports Third Quarter 2021 Results , Raises Double - Digit Revenue Growth Expectations for the Full Year ; Company Announces $ 0.25 per Share Quarterly Dividend , $ 500 Million Share Repurchase Program Fremont , Calif . , September 27 , 2021 - Concentrix Corporation ( NASDAQ : CNXC ) , a leading global provider of customer experience ( CX ) solutions and technology , today announced financial results for the fiscal third quarter ended August 31 , 2021 . August 31 , 2021 1,397.3 151.4 $ 181.6 Three Months Ended August 31 , 2020 $ 1,163.7 76.8 121.7 $ $ $ $ $ Revenue ( $ M ) Operating income ( $ M ) ( 1 ) Non - GAAP operating income ( $ M ) Operating margin Non - GAAP operating margin ( 1 ) Net income ( $ M ) Non - GAAP net income ( $ M ) ( ¹ ) 66.9 % Adjusted EBITDA ( $ M ) ( ¹ ) 40.2 % Adjusted EBITDA margin ( ¹ ) 15.4 % 13.2 % 220 bps 136.4 % Diluted earnings per common share ( ² ) 2.08 0.88 Non - GAAP diluted earnings per common share ( ¹ ) , ( 2 ) $ 2.49 1.53 62.7 % ( 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 . 10.8 % 13.0 % 109.8 131.7 214.8 $ $ $ Change 6.6 % 10.5 % 45.4 78.9 153.2 20.1 % 97.1 % 49.2 % 420 bps 250 bps 141.9 % ( 2 ) For the three months ended August 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 . Third Quarter Fiscal 2021 Highlights : Revenue was $ 1,397.3 million , up 20.1 % from the prior year third quarter , compared with $ 1,163.7 million in the prior year third quarter , and 19.2 % on an adjusted constant currency basis . Operating income was $ 151.4 million , or 10.8 % of revenue , compared with $ 76.8 million , or 6.6 % of revenue , in the prior year third quarter . Non - GAAP operating income was $ 181.6 million , or 13.0 % of revenue , compared with $ 121.7 million , or 10.5 % of revenue , in the prior year third quarter . Adjusted EBITDA was $ 214.8 million , or 15.4 % of revenue , compared with $ 153.2 million , or 13.2 % of revenue , in the prior year third quarter . Cash flow from operations was $ 93.0 million in the quarter . Free cash flow for the quarter was $ 50.9 million . Diluted earnings per common share ( " EPS " ) was $ 2.08 compared to $ 0.88 in the prior year third quarter . Non - GAAP diluted EPS was $ 2.49 compared to $ 1.53 in the prior year third quarter . " We delivered outstanding organic growth and profit progression in the third quarter , " said Chris Caldwell , Concentrix President and CEO . " For the full year , we now expect above - market adjusted constant currency revenue growth to approximate 17 percent with meaningful profit margin expansion above pre