Business
Concentrix Reports Third Quarter 2025 Results
Delivers revenue above guidance for Q3 and raises full year growth outlookSees strong demand environment for integrated solutionsOn track to return more than
About this update from Concentrix Corporation
[{"type":"text","content":"Delivers revenue above guidance for Q3 and raises full year growth outlookSees strong demand environment for integrated solutionsOn track to return more than $240 million to shareholders in fiscal 2025Increases quarterly dividend NEWARK, Calif., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced financial results for the fiscal third quarter ended August 31, 2025. Three Months Ended August 31, 2025 August 31, 2024 ChangeRevenue($M)$2,483.3 $2,387.4 4.0%Operating income($M)$147.0 $153.2 (4.0)%Non-GAAP operating income($M) (1)$305.1 $331.0 (7.8)%Operating margin 5.9% 6.4% -50 bpsNon-GAAP operating margin (1) 12.3% 13.9% -160 bpsNet income($M)$88.1 $16.6 430.7%Non-GAAP net income($M) (1)$183.2 $192.2 (4.7)%Adjusted EBITDA($M) (1)$359.2 $388.1 (7.4)%Adjusted EBITDA margin (1) 14.5% 16.3% -180 bpsDiluted earnings per common share$1.34 $0.25 436.0%Non-GAAP diluted earnings per common share (1)$2.78 $2.87 (3.1)% (1) See non-GAAP reconciliations included in the accompanying financial tables for the reconciliation of each non-GAAP measure to its most directly comparable GAAP measure. Third Quarter Fiscal 2025 Highlights: Revenue of $2,483.3 million, an increase of 4.0% year-on-year on an as reported basis compared to revenue of $2,387.4 million in the prior year third quarter. The Company grew revenue 2.6% year-on-year on a constant currency basis, exceeding the Company’s guidance.Operating income of $147.0 million, or 5.9% of revenue, compared to $153.2 million, or 6.4% of revenue, in the prior year third quarter.Non-GAAP operating income of $305.1 million, or 12.3% of revenue, compared to $331.0 million, or 13.9% of revenue in the prior year third quarter.Adjusted EBITDA of $359.2 million, or 14.5% of revenue, compared with $388.1 million, or 16.3% of revenue in the prior year third quarter.Cash flow provided by operations was $224.8 million in the quarter. Adjusted free cash flow(1) was $178.8 million in the quarter.Diluted earnings per common share (“EPS”) was $1.34 compared to $0.25 in the prior year third quarter.Non-GAAP diluted EPS was $2.78 compared to $2.87 in the prior year third quarter. “Our ongoing growth momentum demonstrates our strong position as a trusted provider of business transformation solutions that combine CX expertise, AI and IT serv...