Concentrix Corp (NASDAQ:CNXC) stock fell 5.09% (As on June 28, 12:08:17 AM UTC-4, Source: Google Finance) after the company in the second quarter of FY 22 has reported 14.5% rise in the revenue to $1,568.1 million, including a 2.7-point negative impact of foreign exchange rates compared with the prior year period, compared with $1,369.9 million in the prior year second quarter, and up 9.4% on an adjusted constant currency basis. Non-GAAP operating income was $212.8 million, or 13.6% of revenue, compared with $172.1 million, or 12.6% of revenue, in the prior year second quarter. Adjusted EBITDA was $249.9 million, or 15.9% of revenue, compared with $208.3 million, or 15.2% of revenue, in the prior year second quarter. Cash flow from operations was $167.5 million in the quarter. Free cash flow for the quarter was $141.7 million.
Additionally, the Company has declared a quarterly dividend of $0.25 per share payable on August 9, 2022, to shareholders of record at the close of business on July 29, 2022. Concentrix repurchased 0.4 million shares in the second quarter at a cost of $57.8 million under its previously announced share repurchase program. At May 31, 2022, the Company’s remaining share repurchase authorization was $417.1 million.
Third quarter revenue is expected to be in the range of $1.575 billion to $1.605 billion, up approximately 13% to 15% as reported, including a 3-point negative impact of foreign exchange rates compared with the prior year period. This equates to 7% to 9% growth on an adjusted constant currency basis, which excludes a 9-point positive impact of businesses acquired and divested since the start of the prior year third quarter and the negative impact of foreign exchange rates. Third quarter non-GAAP operating income is expected to be in the range of $220 million to $235 million.
For full year, the revenue is expected to be in the range of $6.365 billion to $6.415 billion, up approximately 14% to 15% as reported, including a 3-point negative impact of foreign exchange rates compared with the prior year. This equates to 9% to 10% growth on an adjusted constant currency basis, which excludes an 8-point positive impact of businesses acquired and divested since the start of fiscal year 2021 and the negative impact of foreign exchange rates. The non-GAAP operating income is expected to be in the range of $890 million to $915 million.