Shares of Concentrix Corp (CNXC) surged 10.16% in after-hours trading on Wednesday, following the release of its impressive first-quarter 2025 financial results. The customer experience solutions provider significantly outperformed analyst expectations, demonstrating robust growth in key financial metrics.
Concentrix reported adjusted earnings per share (EPS) of $2.79 for Q1, handily beating the FactSet 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. The company's revenue for the quarter ended February 28 came in at $2.37 billion, slightly above the analyst expectations of $2.36 billion, despite a marginal 1.28% year-over-year decrease.
Other notable achievements include adjusted EBITDA of $374.2 million, surpassing the estimate of $370 million, and adjusted net income of $188.1 million, significantly higher than the expected $168.7 million. The company's adjusted operating margin stood at a healthy 13.6%. While Concentrix reiterated its full-year guidance, the strong Q1 performance has clearly boosted investor confidence, as reflected in the substantial after-hours stock price increase.
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