Concentrix Corporation ( (CNXC) ) has released its Q1 earnings. Here is a breakdown of the information Concentrix Corporation presented to its investors.
Concentrix Corporation, a global leader in technology and services, provides integrated solutions to over 2,000 clients across various industries, focusing on enhancing brand experiences and operational efficiency.
In its first quarter of fiscal 2025, Concentrix reported results that exceeded revenue and profit guidance, maintaining a positive outlook for the full year. The company highlighted ongoing demand for its iX Hello™ AI products and reiterated its commitment to returning over $240 million to shareholders through dividends and share repurchases.
Key financial metrics for the quarter showed a slight decline in revenue by 1.3% year-on-year, reaching $2,372.2 million. However, operating income rose by 13.8% to $168.9 million, and net income increased by 34.9% to $70.3 million. The company also reported a non-GAAP diluted earnings per share of $2.79, up 8.6% from the previous year. Despite a decrease in adjusted EBITDA by 2.6%, Concentrix managed to maintain a strong operating margin.
Looking ahead, Concentrix remains optimistic about its financial trajectory, projecting constant currency revenue growth and expanded margins for the remainder of 2025. The company plans to generate significant adjusted free cash flow and continues to focus on leveraging its technology and service capabilities to drive client success.