Concentrix Corp (CNXC) shares are surging 5.76% in pre-market trading on Thursday, following the release of its impressive first-quarter 2025 financial results. The customer experience solutions provider significantly outperformed analyst expectations and raised its full-year revenue guidance, sparking investor enthusiasm.
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 $374.2 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.