Concentrix Stock Slips After Mixed Q2 Results: Details

Core Insights - Concentrix Corp. reported second-quarter 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][4] Financial Performance - The company experienced mid-quarter volatility but continued to outperform expectations on revenue growth [2] - Concentrix narrowed its fiscal 2025 adjusted EPS guidance to between $11.53 and $11.76, compared to the previous range of $11.18 to $11.77 and the analyst estimate of $11.54 [3] - The fiscal 2025 revenue outlook was raised from a range of $9.49 billion to $9.63 billion to a new range of $9.72 billion to $9.81 billion, surpassing the $9.61 billion estimate [4] Future Outlook - The CEO indicated an accelerated pace of activity with both existing and new clients, along with improving margins [3] - Investments in AI are expected to be accretive to the business by year-end as planned [3]