Concentrix Corp (CNXC) shares jumped 5.76% 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.
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, slightly above analyst expectations of $2.36 billion. Other notable achievements include adjusted EBITDA of $374.2 million and an improved adjusted operating margin of 13.6%.
In a move that further bolstered investor confidence, Concentrix raised its fiscal 2025 reported revenue outlook. The company now expects full-year revenue between $9.49 billion and $9.635 billion, up from its previous projection. This new guidance implies a constant currency revenue growth of 0% to 1.5% for the full year. The strong quarterly performance and optimistic outlook have clearly resonated with investors, driving the significant stock price increase in pre-market trading.
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