Concentrix Narrows 1Q Profit, Outlook Underwhelms

Dow Jones
03/24
 

By Connor Hart

 

Concentrix narrowed its fiscal first-quarter profit and issued a tepid outlook for the current quarter.

The customer-experience solutions and technology company on Tuesday posted a profit of $21.6 million, or 33 cents a share, for its three months ended Feb. 28. That is down from $70.3 million, or $1.04 a share, a year earlier.

Stripping out one-time items, earnings were $2.61 a share. Analysts polled by FactSet expected adjusted earnings of $2.65 a share.

Revenue rose 5.4% to $2.5 billion, just edging out the $2.49 billion that Wall Street modeled.

Chief Executive Chris Caldwell said the company continues to focus on winning the right long-term programs, while also combining integrated technology solutions and services.

For the current quarter, Concentrix guided for adjusted earnings of $2.57 a share to $2.69 a share, the midpoint of which is below analyst views for $2.65 a share.

Revenue is projected to come in between $2.46 billion and $2.49 billion, the midpoint of which is also below analyst forecasts for $2.49 billion.

The company backed its full-year outlook, calling for adjusted earnings of $11.48 a share to $12.07 a share, and for revenue of $10.04 billion to $10.18 billion. Analysts are looking for adjusted earnings of $11.87 a share on revenue of $10.13 billion.

Shares fell 9.2%, to $30, in premarket trading.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

March 24, 2026 08:07 ET (12:07 GMT)

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