Concentrix Shares Pop On Strong Q1 Results, Raised Revenue Guidance

Concentrix Corp. CNXC released its first-quarter results after Wednesday's closing bell. Here's a look at the key figures from the quarter. 

The Details: Concentrix reported quarterly earnings of $2.79 per share, which beat the analyst consensus estimate of $2.58. Quarterly revenue came in at $2.37 billion, which beat the analyst consensus estimate of $2.36 billion and is down slightly from revenue of $2.4 billion from the same period last year.

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“Our first quarter results demonstrate our progress as we win quality business and take advantage of GenAI opportunities, leveraging our unique technology and service capabilities to drive our clients’ success,” said Chris Caldwell, CEO of Concentrix.

“With a solid start to the year, we remain on track to deliver ongoing constant currency revenue growth, while expanding margins and growing free cash flow in 2025 and beyond,” Caldwell added.

Outlook: Concentrix raised its fiscal 2025 reported revenue outlook from between $9.47 billion and $9.61 billion to between $9.49 billion and $9.635 billion, versus the $9.54 billion estimate. The company continues to see fiscal year adjusted EPS of $11.18 to $11.77 per share, versus the $11.44 estimate.

CNXC Price Action: According to data from Benzinga Pro, Concentrix shares were up 11.15% after-hours at $50.77 Wednesday.  

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