Solid Revenue Performance
Revenue for the second quarter was approximately $2.4 billion, an increase of 1.5% year-on-year. This exceeded guidance and was broad-based across verticals.
Strong Adjusted Free Cash Flow
Concentrix delivered over $200 million in adjusted free cash flow in the quarter, showing a significant improvement of about $240 million sequentially from Q1.
AI and Technology Developments
The launch of iX Hero and the success of iX Hello have positioned Concentrix as a leader in AI solutions, with expectations for these products to be accretive by the end of Q4.
Market Recognition and Pipeline Growth
Concentrix received strong market recognition for its AI capabilities. Their pipeline is strong, and new business is accretive to margins as these programs scale.
Positive Outlook for the Second Half
The company expects revenue acceleration in the second half of 2025, driven by a strong pipeline and new business wins.