Filing Flows › Concentrix (CNXC) › Q2 FY25
Concentrix (CNXC) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jul 3, 2025
Concentrix (CNXC) reported revenue of $2.4B for the second quarter fiscal 2025 (Q2 FY25), +2% from a year earlier and +2% from the quarter before. Operating margin was 6.1%, net earnings $42.1M (1.7% of revenue).
Concentrix, Q2 FY25: revenue $2.4B (+2% year over year), operating margin 6.1%, net earnings $42.1M, operating cash flow $237M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | +2% | +2% |
| Gross profit | $848M | -0.9% | -1% |
| Operating profit | $148M | -12% | -1% |
| Net earnings | $42.1M | -40% | -37% |
| Operating cash flow | $237M | 168× | -0.8% |
| Free cash flow | $181M | — | +1% |
What changed
Revenue was $2.4B in Q2 FY25, up 2% year over year and up 2% from the previous quarter.
Gross margin was 35.1%, down 0.9 points from a year earlier. Operating profit was $0.15B, a 6.1% margin (down 0.2 points year over year). Operating profit fell $1.8M even though revenue rose $0.04B versus a year earlier, so costs grew faster than sales. Operating expenses fell 1% while revenue rose 2%. Net earnings were $0.04B, down 37% year over year. The effective tax rate was 18.6%.
Operating cash flow was $0.24B (down 1% year over year), 562% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.06B left free cash flow of $0.18B.
Questions
What was Concentrix's revenue in the second quarter fiscal 2025?
Concentrix (CNXC) reported revenue of $2.4B for the second quarter fiscal 2025 (Q2 FY25), +2% from a year earlier and +2% from the quarter before.
Was Concentrix profitable in the second quarter fiscal 2025?
Operating profit was $148M (6.1% of revenue) and net earnings $42.1M.
Source: Concentrix 10-Q on SEC EDGAR.