What Happened?
Shares of customer experience solutions provider Concentrix (NASDAQ: CNXC) jumped 38% in the afternoon session after the company reported impressive first quarter 2025 results which beat analysts' EPS and EBITDA expectations. Adjusting for currency swings, revenue managed to inch up a bit, with momentum driven by demand for the company's AI offerings, and this could partly be responsible for the improved market optimism.
Adding to the positive aspect, it slightly lifted its revenue guidance for the full year, given the outperformance recorded during the quarter. Overall, this quarter had some key positives.
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What The Market Is Telling Us
Concentrix’s shares are somewhat volatile and have had 13 moves greater than 5% over the last year. But moves this big are rare even for Concentrix and indicate this news significantly impacted the market’s perception of the business.
Concentrix is up 44.4% since the beginning of the year, but at $62.87 per share, it is still trading 16.8% below its 52-week high of $75.58 from August 2024.
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