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Concentrix (CNXC)
NASDAQ:CNXC
Earnings Data
Report Date
Jun 25, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
2.79Last Year’s EPS
2.69Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 26, 2025
|% Change Since: 24.67%
|Next Earnings Date:Jun 25, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and strategic advances in AI deployment, contributing to revenue and profitability growth. However, some sectors remain flat, and there are upcoming debt maturities that require attention. Overall, the sentiment leans positive with confidence in growth strategies.Company Guidance
During the Concentrix Corporation's first quarter 2025 earnings call, guidance was provided on several key financial metrics and strategic initiatives. The company reported a revenue of approximately $2.37 billion, reflecting a year-over-year growth of 1.3% on a constant currency basis, which exceeded expectations. Non-GAAP operating income reached $322 million, with a margin of 13.6%, and adjusted EBITDA was $374 million, yielding a margin of 15.8%. Additionally, non-GAAP net income was $188 million, translating to a non-GAAP EPS of $2.79, showcasing a nearly 9% increase year-over-year. The company also highlighted its adjusted free cash flow usage of $40 million, marking a $41 million improvement from the previous year. For the full fiscal year 2025, Concentrix provided guidance for revenue between $9.49 billion and $9.635 billion, with non-GAAP EPS expected to be between $11.18 and $11.77. The company aims to achieve adjusted free cash flow of $625 million to $650 million. Strategically, Concentrix is focusing on deploying integrated AI solutions and expanding its portfolio of business services to drive long-term growth and margin expansion. The company has also been successful in consolidating its market position and gaining share among its top clients, emphasizing its strength in providing AI solutions and transformative business services.Revenue and Profitability Growth
Concentrix Corporation achieved year-over-year revenue growth of 1.3% on a constant currency basis, reaching approximately $2.37 billion, exceeding the high end of expectations. Non-GAAP operating income was $322 million, with a margin increase of 30 basis points to 13.6%.
Gen AI Deployment Success
Concentrix has successfully deployed Gen AI solutions at scale across its operations, covering the majority of its clients. The company has thousands of seats deployed for its IXLO suite, with plans for accretive earnings by the end of fiscal 2025.
Strong Client Growth
Revenue from the top twenty-five clients outpaced the growth rate of the rest of the business, driven by innovation and cross-selling of broader business services.
Improved Cash Flow
Adjusted free cash flow improved by $41 million from the previous year, with a target of $625 million to $650 million for the full year.
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CNXC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNXC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 26, 2025 | $45.68 | $65.04 | +42.38% |
| Jan 15, 2025 | $47.17 | $48.48 | +2.78% |
| Sep 25, 2024 | $62.76 | $50.85 | -18.98% |
| Jun 26, 2024 | $56.98 | $61.64 | +8.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Concentrix (CNXC) report earnings?
Concentrix (CNXC) is schdueled to report earning on Jun 25, 2025, TBA Not Confirmed.
What is Concentrix (CNXC) earnings time?
Concentrix (CNXC) earnings time is at Jun 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNXC EPS forecast?
CNXC EPS forecast for the fiscal quarter 2025 (Q2) is 2.79.
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