Concentrix Corporation ( (CNXC) ) has released its Q3 earnings. Here is a breakdown of the information Concentrix Corporation presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Concentrix Corporation, a global leader in technology and services, specializes in providing integrated, end-to-end solutions across various industries, helping over 2,000 clients solve complex business challenges worldwide. In its third quarter of fiscal 2025, Concentrix reported a revenue increase of 4% year-on-year, surpassing its guidance, and raised its full-year growth outlook. The company highlighted strong demand for its integrated solutions and is on track to return over $240 million to shareholders through dividends and share repurchases.
Key financial metrics for the quarter included a revenue of $2.483 billion, an operating income of $147 million, and a net income surge to $88.1 million from $16.6 million in the previous year, marking a 430.7% increase. However, the operating margin saw a decline, with a non-GAAP operating margin of 12.3% compared to 13.9% the previous year. The company also increased its quarterly dividend and continued its share repurchase program.
Despite a decrease in non-GAAP net income and adjusted EBITDA, Concentrix’s strategic focus on business transformation solutions, combining customer experience expertise with AI and IT services, positions it well for future growth. The company remains committed to expanding its offerings to drive long-term value for clients and shareholders.
Looking ahead, Concentrix expects fourth-quarter revenue between $2.525 billion and $2.550 billion, with full-year revenue projected to reach up to $9.823 billion. The company anticipates continued revenue growth, supported by a favorable foreign exchange impact and a robust demand environment. Concentrix aims to generate significant free cash flow and maintain its shareholder return strategy, reflecting confidence in its ongoing business momentum.