Shares of Concentrix Corp (NASDAQ: CNXC) soared 5.12% in the pre-market trading session on Thursday, following the company's impressive fourth-quarter 2024 earnings release and positive guidance for fiscal 2025.

The customer experience solutions provider reported solid financial results for Q4 2024, with revenue growth of 1.5% on a pro forma constant currency basis, reaching approximately $2.45 billion. Non-GAAP operating income stood at $347 million, with a margin of 14.2%, while adjusted EBITDA reached $403 million, representing a 16.5% margin. Concentrix Corp also generated strong adjusted free cash flow of $475 million for fiscal 2024, allowing for debt reduction, share repurchases, and dividend payments.

The positive market reaction can be attributed to several factors, including the company's successful integration of Webhelp, resulting in ongoing synergy benefits expected to support future growth. Additionally, Concentrix Corp has expanded its offerings with new solutions like data annotation, AI design, and cybersecurity, contributing nearly $1 billion in revenue in 2024. Furthermore, the company's robust free cash flow generation and focus on shareholder returns through dividends and share repurchases have been well-received by investors.