Lates News

On September 25th, Eastern Time, Concentrix's stock fell nearly 20% after hours. The company announced its financial performance for the third quarter of fiscal year 2025: revenue was $2.483 billion, compared to $2.387 billion in the same period last year; adjusted net profit was $305 million, compared to $331 million in the same period last year; non-GAAP diluted earnings per share were $2.78, compared to $2.87 in the same period last year. The company expects full year revenue for fiscal year 2025 to be between $9.798 billion and $9.823 billion. Based on current exchange rates, these expectations suggest that foreign exchange rates have had a positive impact of approximately 10 basis points on the company's revenue compared to the previous year. This forecast means that the annual revenue growth rate, when calculated in constant currency, will be between 1.75% and 2.0%. The expected net profit is between $627 million and $637 million, with non-GAAP net profit between $1.25 billion and $1.26 billion. In the third quarter, the company repurchased approximately 800,000 common shares at an average cost of $53.07 per share, totaling $42.2 million, under its previously announced stock buyback program. As of August 31, 2025, the company has remaining stock repurchase authorization of $495.1 million.