Shares of Concentrix Corp (CNXC) are soaring 12.72% in pre-market trading on Thursday, following the company's 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.
Concentrix 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. The company'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%.
The strong performance can be attributed to Concentrix's success in deploying GenAI solutions at scale and the growing traction of its iX Hello product suite. 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." Additionally, Concentrix raised its fiscal 2025 revenue outlook, now expecting full-year revenue between $9.49 billion and $9.635 billion, further bolstering investor confidence in the company's growth prospects.