Concentrix Fiscal Q1 Earnings Rise, Revenue Lower; Shares Rise After-Hours

MT Newswires Live
03-27

Concentrix (CNXC) reported Wednesday fiscal Q1 non-GAAP earnings of $2.79 per diluted share, up from $2.57 a year ago.

Analysts polled by FactSet expected $2.60.

Revenue for the quarter ended Feb. 28 was $2.37 billion, down from $2.40 billion a year earlier.

Analysts surveyed by FactSet expected $2.36 billion.

The company said it expects fiscal Q2 non-GAAP EPS to be between $2.69 and $2.80. Analysts expected $2.81.

The company expects Q2 revenue between $2.37 billion and $2.39 billion. Analysts expected $2.37 billion.

Concentrix expects fiscal 2025 non-GAAP EPS of $11.18 to $11.77 on revenue of between $9.49 billion and $9.64 billion.

Analysts expected $11.35 and $9.54 billion, respectively.

The shares were rising past 9% in after-hours activity.

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