Revenue and Income - For the three months ended May 31, 2025, revenue was $2,417,371 thousand, a 1.5% increase compared to $2,380,716 thousand for the same period in 2024[129]. - For the six months ended May 31, 2025, revenue was $4,789,593 thousand, a 0.1% increase compared to $4,783,464 thousand for the same period in 2024[129]. - The net income for the three months ended May 31, 2025, was $42,093 thousand, down from $66,834 thousand for the same period in 2024[129]. - Non-GAAP operating income for the three months ended May 31, 2025, was $303,709,000, compared to $321,145,000 for the same period in 2024, reflecting a decrease of approximately 5.4%[160]. - Net income for the three months ended May 31, 2025, was $42,093,000, down from $66,834,000 in the same period in 2024, representing a decline of about 37.0%[160]. Costs and Expenses - The cost of revenue for the three months ended May 31, 2025, was $1,569,223 thousand, compared to $1,523,147 thousand for the same period in 2024[129]. - Cost of revenue for the three months ended May 31, 2025, was $1,569,223 thousand, a 3.0% increase from $1,523,147 thousand in the same period of 2024, while for the six months it was $3,085,546 thousand, a 0.5% increase from $3,069,366 thousand[135]. - Selling, general and administrative expenses decreased by 1.1% in the three months ended May 31, 2025, to $699,803 thousand from $707,399 thousand, and by 2.0% in the six months to $1,386,835 thousand from $1,415,489 thousand[140][142]. - Interest expense and finance charges, net for the three months ended May 31, 2025, decreased by 8.6% to $75,406 thousand from $82,457 thousand, and for the six months it decreased by 10.0% to $148,400 thousand from $164,896 thousand[147][149]. - Other expense (income), net for the three months ended May 31, 2025, was an expense of $21,218 thousand compared to income of $19,415 thousand in the prior year, and for the six months it was an expense of $16,299 thousand compared to income of $26,239 thousand[150][152]. Profitability Metrics - The gross profit for the six months ended May 31, 2025, was $1,704,047 thousand, compared to $1,714,098 thousand for the same period in 2024[129]. - Gross profit for the three months ended May 31, 2025, decreased by 1.1% to $848,148 thousand from $857,569 thousand in the prior year, and for the six months it decreased by 0.6% to $1,704,047 thousand from $1,714,098 thousand[138][139]. - Operating income for the three months ended May 31, 2025, was $148,345 thousand, a decrease of 1.2% from $150,170 thousand, while for the six months it increased by 6.2% to $317,212 thousand from $298,609 thousand[143][145]. - The operating margin for the three months ended May 31, 2025, was 6.1%, compared to 6.3% for the same period in 2024, reflecting a slight decline[160]. Cash Flow and Liquidity - Free cash flow for the six months ended May 31, 2025, was not explicitly stated but is considered a meaningful measure of cash flows, indicating ongoing operational needs[158]. - Net cash provided by operating activities increased to $237.9 million for the six months ended May 31, 2025, up from $191.5 million in the same period of 2024, primarily due to favorable working capital changes[189]. - Net cash used in investing activities decreased to $107.1 million for the six months ended May 31, 2025, compared to $120.6 million for the same period in 2024, mainly due to a reduction in capital expenditures[190]. - Free cash flow for the six months ended May 31, 2025, was $131.5 million, an increase from $75.3 million in the same period of 2024, attributed to higher cash from operating activities and lower capital expenditures[193]. - Adjusted free cash flow rose to $160.5 million for the six months ended May 31, 2025, compared to $120.6 million in the prior year, driven by increased free cash flow[194]. - Total liquidity as of May 31, 2025, was $1,524.8 million, including $1,100.0 million in undrawn capacity on the revolving credit facility[195]. - Cash and cash equivalents totaled $342.8 million as of May 31, 2025, compared to $240.6 million as of November 30, 2024, with 99% held by non-U.S. legal entities[196]. Debt and Financing - The acquisition of Webhelp was completed on September 25, 2023, with a purchase consideration valued at approximately $3,774.8 million[118]. - The company funded the Webhelp Combination through proceeds from an August 2023 offering, term loan borrowings, and cash on hand, highlighting strategic financing efforts[162]. - The board of directors authorized a share repurchase program of up to $600 million, with approximately $537.0 million remaining available for repurchases as of May 31, 2025[163]. - The company issued $800 million of 6.650% Senior Notes due 2026 and $800 million of 6.600% Senior Notes due 2028 on August 2, 2023[167]. - A total of $500 million of Senior Notes was converted into synthetic fixed euro-based debt at weighted average interest rates of 5.12% and 5.18%[169]. - The Restated Credit Agreement includes a $750 million unsecured term loan facility and a $1.1 billion revolving credit facility, with a consolidated leverage ratio not to exceed 3.75 to 1.00[172][176]. - As of May 31, 2025, the outstanding principal balance on term loans was $1,350 million, with a voluntary prepayment of $150 million made during the period[177]. - The Securitization Facility was amended to increase borrowing capacity from $600 million to $700 million and extend the termination date to January 14, 2027[180]. - The company issued a Sellers' Note of €700 million as part of the Webhelp Combination, with principal and interest due on September 25, 2025[184]. - As of May 31, 2025, the company was in compliance with all debt covenants related to its debt arrangements[186]. Foreign Currency Exposure - Approximately 89% of consolidated revenue for the six months ended May 31, 2025, was generated from non-U.S. operations[122]. - The unfavorable foreign currency rate impact on revenue for the six months ended May 31, 2025, was $61.9 million, or 1.3%[132]. - Revenue for the six months ended May 31, 2025, increased in retail, travel and e-commerce (up 1.4%), communications and media (up 0.3%), and banking, financial services and insurance (up 0.8%), while it decreased in technology and consumer electronics (down 0.2%), healthcare (down 0.4%), and other verticals (down 3.2%) due to foreign currency exchange rates[134]. - Approximately 55% of the company's revenue is priced in U.S. dollars, with significant exposure to other currencies, which may adversely affect revenue when translated into U.S. dollars[199]. - The company has hedged a portion of its foreign currency exposure, with potential losses in fair value estimated at $108.4 million from a hypothetical 10% adverse change in exchange rates[200].

NEWARK, Calif., June 30, 2025 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today released its 2025 Sustainability Report – The Power of One, spotlighting the company’s bold strides toward its 2030 ESG goals across climate action, culture, innovation, community impact, and ethical business. More than a report, it's a roadmap for how ESG creates tangible business value. At Concentrix, sustainability is embedded in its long-term growth strategy—driving inn ...

Group 1 - U.S. stock futures are higher, with Dow futures gaining over 100 points [1] - Concentrix Corporation reported quarterly earnings of $2.70 per share, missing the analyst consensus estimate of $2.75, while quarterly revenue was $2.42 billion, exceeding the Street estimate of $2.38 billion [1] - Concentrix shares fell 8% to $50.70 in pre-market trading [1] Group 2 - CorMedix Inc. declined 14.2% to $12.83 after announcing an $85 million public offering [4] - Critical Metals Corp. fell 14.2% to $3.14 after a previous surge of over 32% [4] - AdaptHealth Corp. decreased 8.6% to $8.61 after gaining around 5% on the previous day [4] - USA Rare Earth, Inc. declined 8.4% to $11.65 [4] - Gold Fields Limited fell 5.1% to $22.60 [4] - OMS Energy Technologies Inc. decreased 4.6% to $6.80 [4]

Group 1 - Concentrix Corporation (CNXC) reported quarterly earnings of $2.7 per share, missing the Zacks Consensus Estimate of $2.76 per share, but showing an increase from $2.69 per share a year ago, resulting in an earnings surprise of -2.17% [1] - The company posted revenues of $2.42 billion for the quarter ended May 2025, surpassing the Zacks Consensus Estimate by 1.57%, and compared to year-ago revenues of $2.38 billion [2] - Concentrix shares have increased approximately 25.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 3.6% [3] Group 2 - The current consensus EPS estimate for the coming quarter is $2.88 on revenues of $2.39 billion, and for the current fiscal year, it is $11.57 on revenues of $9.56 billion [7] - The Zacks Industry Rank indicates that the Business - Services sector is currently in the top 27% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8]

Financial Data and Key Metrics Changes - The company reported revenue of approximately $2,400,000,000 for Q2, an increase of 1.5% year on year on both a constant currency and reported basis [14] - Adjusted free cash flow was $200,000,000 in the quarter, an improvement of about $240,000,000 sequentially from Q1 [17] - Non-GAAP diluted EPS was $2.7 per share, an increase of $0.1 year on year [17] - GAAP net income was $42,000,000 for the quarter, with GAAP diluted EPS at $0.63 per share [17] Business Line Data and Key Metrics Changes - Revenue from retail, travel, and e-commerce clients grew 3% year on year, led by growth with travel clients [15] - Media and Communications also grew 3% year on year, while revenue from banking, financial services, and insurance clients grew 2% [15] - The tech and healthcare verticals were relatively flat, reflecting offshore movement [15] Market Data and Key Metrics Changes - The company is seeing a strong pipeline across verticals and geographies, with a favorable mix of services and margin profiles [7] - A Gartner study revealed that 85% of enterprises expect to increase their outsourcing budget over the next two to three years, primarily for AI initiatives [9] Company Strategy and Development Direction - The company is focused on delivering integrated technology-led solutions that align with client needs and expanding the value provided across a broader portfolio of business solutions [12] - The strategy includes automating or de-investing in commodity work to keep the underlying business healthy [12] - The company is well-positioned against competitors, particularly for large-scale programs that combine consulting, IT integration, CX expertise, and AI [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the second half of the year, expecting revenue and margin improvement as investments made begin to pay off [12][23] - The company anticipates a steady acceleration in growth rates and is committed to driving strong year-on-year free cash flow growth [23] - Management noted that clients are centralizing spend with partners that have scale, breadth, and expertise to deliver real-world solutions [12] Other Important Information - The company returned approximately $67,000,000 to shareholders in the quarter, including share repurchases and dividends [18] - Cash and cash equivalents at the end of the quarter were $343,000,000, with total debt at approximately $4,900,000,000 [18] Q&A Session Summary Question: What is the outlook for revenue acceleration in the second half? - Management indicated that momentum is broad-based across verticals and geographies, with positive trends in banking, tech, and media [28] Question: How is AI impacting the company's market position? - The company has seen strong adoption of its AI solutions, with clients increasingly interested in practical applications rather than hype [10][36] Question: What caused the margin decline in Q2? - The margin decline was primarily due to clients pausing projects in response to tariffs, but management expects margins to improve in Q3 [16][44] Question: What is the expected revenue contribution from IX Hello and IX Hero? - Management expects these AI offerings to be accretive by the end of Q4 and sees potential for revenue growth without increasing spending [54] Question: How is the company addressing pricing dynamics? - There is growing interest in outcomes-based pricing, but the company still primarily operates on a transactional basis [87]

Financial Data and Key Metrics Changes - The company reported revenue of approximately $2,400,000,000 for Q2, an increase of 1.5% year on year on both a constant currency and as reported basis [14] - Adjusted free cash flow was $200,000,000 in the quarter, an improvement of about $240,000,000 sequentially from Q1 [18] - Non-GAAP diluted EPS was $2.7 per share, an increase of $0.1 year on year [17] - GAAP net income was $42,000,000 for the quarter, with GAAP diluted EPS at $0.63 per share [17] Business Line Data and Key Metrics Changes - Revenue from retail, travel, and e-commerce clients grew 3% year on year, led by growth with travel clients [15] - Media and Communications also grew 3% year on year, while revenue from banking, financial services, and insurance clients grew 2% [15] - The tech and healthcare verticals were relatively flat, reflecting offshore movement [15] Market Data and Key Metrics Changes - The company is seeing a strong pipeline across verticals and geographies, with a positive sentiment from clients regarding increased outsourcing budgets [9][10] - A Gartner study revealed that 85% of enterprises expect to increase their outsourcing budget over the next two to three years, primarily to support their AI agenda [9] Company Strategy and Development Direction - The company is focused on delivering integrated technology-led solutions that align with client needs and expanding the value provided across a broader portfolio of business solutions [12] - The strategy includes automating or de-investing in commodity work to keep the underlying business healthy [12] - The company is well-positioned against competitors, particularly for large-scale programs that combine consulting, IT integration, CX expertise, and AI [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the second half of the year, expecting revenue and margin improvement due to a strong pipeline and new business signed [20][22] - The company anticipates meaningful sequential margin improvement in both Q3 and Q4, driven by the recovery from the tariff impact and ongoing investments in technology [16][22] - Management noted that clients are looking for pragmatic solutions and are increasingly centralizing spend with partners that have scale and expertise [12][13] Other Important Information - The company returned approximately $67,000,000 to shareholders in the quarter, including share repurchases and dividends [19] - Cash and cash equivalents at the end of the quarter were $343,000,000, with total debt at approximately $4,900,000,000 [19] Q&A Session Summary Question: Revenue acceleration in the second half - Management indicated that revenue acceleration is broad-based, with solid pipeline building across geographies and verticals, particularly in banking, tech, and media [28] Question: AI technology journey and market recognition - Management highlighted strong market traction for their AI products, with clients adopting their technology faster than expected and seeing significant growth in adjacent services [36] Question: Margin impacts in Q2 - Management explained that margins were impacted by clients pausing projects due to tariffs, but they expect margins to improve as clients resume projects and new business ramps up [40][42] Question: Revenue contribution from IX Hello and IX Hero - Management expects IX suite products to be accretive by the end of Q4 and plans to maintain spending while accelerating revenue growth [54] Question: Operating environment and sales cycles - Management noted that transformation deals are taking longer but are not shrinking, and they are seeing good win rates in their pipeline [62] Question: Pricing strategy evolution - Management mentioned an increasing interest in outcomes-based pricing but noted that traditional transactional pricing still dominates their revenue streams [87]

Concentrix Corp. CNXC released its second-quarter results after Thursday's closing bell. Here's a look at the details in the report. The Details: Concentrix reported quarterly earnings of $2.70 per share, which missed the analyst consensus estimate of $2.75. Quarterly revenue came in at $2.42 billion, which beat the Street estimate of $2.38 billion.Read Next: AST SpaceMobile Stock Downgraded, Rocket Lab Prepares Electron Launch: Space Stock Countdown“In the second quarter, we continued to outperform expecta ...

Exhibit 99.1 Concentrix Reports Second Quarter 2025 Results Newark, Calif., June 26, 2025 – Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced financial results for the fiscal second quarter ended May 31, 2025. | | | | Three Months Ended | | | | --- | --- | --- | --- | --- | --- | | | | May 31, 2025 | | May 31, 2024 | Change | | Revenue ($M) | $ | 2,417.4 | $ | 2,380.7 | 1.5 % | | Operating income ($M) | $ | 148.3 | $ | 150.2 | (1.3)% | | Non-GAAP operating incom ...

Exceeds revenue guidance for the quarter and raises full year growth outlookGenerates $200 million in adjusted free cash flow and remains on track to deliver $625 million to $650 million of adjusted free cash flow for the yearSees ongoing momentum for the Company’s iX Product SuiteExpects to return more than $240 million to shareholders in fiscal 2025 through share repurchases and dividends NEWARK, Calif., June 26, 2025 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and servi ...

Concentrix Corporation CNXC will release earnings results for the second quarter, after the closing bell on Thursday, June 26.Analysts expect the Newark, California-based company to report quarterly earnings at $2.75 per share, up from $2.69 per share in the year-ago period. Concentrix projects to report quarterly revenue at $2.38 billion, compared to $2.38 billion a year earlier, according to data from Benzinga Pro.On March 26, Concentrix reported quarterly earnings of $2.79 per share, which beat the analy ...