Filing Flows › Concentrix (CNXC) › Q1 FY25
Concentrix (CNXC) Q1 FY25 earnings results (first quarter fiscal 2025)
10-Q filed Apr 4, 2025
Concentrix (CNXC) reported revenue of $2.4B for the first quarter fiscal 2025 (Q1 FY25), -1% from a year earlier and -3% from the quarter before. Operating margin was 7.1%, net earnings $70.3M (3.0% of revenue).
Concentrix, Q1 FY25: revenue $2.4B (-1% year over year), operating margin 7.1%, net earnings $70.3M, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | -3% | -1% |
| Gross profit | $856M | -2% | -0.1% |
| Operating profit | $169M | +17% | +14% |
| Net earnings | $70.3M | -39% | +35% |
| Operating cash flow | $1.4M | -100% | — |
What changed
Revenue was $2.4B in Q1 FY25, down 1% year over year and down 3% from the previous quarter.
Gross margin was 36.1%, up 0.4 points from a year earlier. Operating profit was $0.17B, a 7.1% margin (up 0.9 points year over year). Operating expenses fell 3% while revenue fell 1%. Net earnings were $0.07B, up 35% year over year. The effective tax rate was 30.3%.
Operating cash flow was $1.4M, 2% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.26B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.05B.
Questions
What was Concentrix's revenue in the first quarter fiscal 2025?
Concentrix (CNXC) reported revenue of $2.4B for the first quarter fiscal 2025 (Q1 FY25), -1% from a year earlier and -3% from the quarter before.
Was Concentrix profitable in the first quarter fiscal 2025?
Operating profit was $169M (7.1% of revenue) and net earnings $70.3M.
Source: Concentrix 10-Q on SEC EDGAR.