Concentrix Corp (CNXC) shares are soaring 12.72% in pre-market trading on Thursday, following the release of its impressive first-quarter 2025 financial results and raised full-year guidance. The customer experience solutions provider significantly outperformed analyst expectations, demonstrating robust growth in key financial metrics and success in artificial intelligence deployment.

The company reported adjusted earnings per share (EPS) of $2.79 for Q1, handily beating the analyst consensus estimate of $2.58. This represents an 8.56% increase from the $2.57 per share reported in the same period last year. Concentrix's revenue for the quarter came in at $2.37 billion, growing 1.3% year over year on a constant currency basis. Other notable achievements include adjusted EBITDA of $374 million and an improved adjusted operating margin of 13.6%.

Concentrix's strong performance can be attributed to its success in deploying GenAI solutions at scale and the growing traction of its iX Hello product suite. The company has positioned itself as a leader in AI deployment, with thousands of seats already deployed for the iX Hello platform. Chris Caldwell, President and CEO of Concentrix, expressed confidence in the company's trajectory, stating, "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." The raised full-year revenue guidance, now expected between $9.49 billion and $9.635 billion, further bolsters investor confidence in Concentrix's growth prospects. Additionally, BofA Global Research has raised its price objective for Concentrix from $58.00 to $59.00, reflecting the positive sentiment surrounding the company's performance and outlook.