Concentrix Corp (NASDAQ:CNXC) stock rallies 39.79% (As on March 27, 11:24:57 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the first quarter of FY25. The company delivered Non-GAAP operating income of $321.5 million, or 13.6% of revenue, compared to $319.1 million, or 13.3% of revenue in the prior year first quarter. The company posted adjusted EBITDA of $374.2 million, or 15.8% of revenue, compared with $384.3 million, or 16.0% of revenue in the prior year first quarter. Cash flow provided by operations was $1.4 million in the quarter. Adjusted free cash flow was a use of $39.8 million in the quarter.

Meanwhile, iX Hello suite originated from internal use cases and has been commercialized due to client demand. The platform is being deployed across client environments and is expected to generate revenue. The company anticipates the iX Hello suite to be accretive to earnings by the end of fiscal 2025.

CNXC in the first quarter of FY25 has reported the adjusted earnings per share of $2.79, beating the analysts’ estimates for the adjusted earnings per share of $2.60, according to analysts polled by FactSet. The company had reported the adjusted revenue decline of 1.3 percent to $2.37 billion in the first quarter of FY25, beating the analysts’ estimates for revenue of $2.36 billion.

Additionally, the company has declared a quarterly dividend of $0.33275 per share payable on May 6, 2025, to shareholders of record at the close of business on April 25, 2025. The Company repurchased approximately 550,000 common shares in the first quarter at a cost of $26.2 million under its previously announced share repurchase program at an average cost of $47.84 per share. At February 28, 2025, the Company’s remaining share repurchase authorization was $582.3 million.

The company said it expects fiscal Q2 non-GAAP EPS to be between $2.69 and $2.80. Analysts expected $2.81. The company expects Q2 revenue between $2.37 billion and $2.39 billion. Analysts expected $2.37 billion. Q2 FY 25 non-GAAP operating income is expected to be in the range of $315 million to $325 million.

Concentrix expects fiscal 2025 non-GAAP EPS of $11.18 to $11.77 on revenue of between $9.49 billion and $9.64 billion. Analysts expected $11.35 and $9.54 billion, respectively. In addition, the Company expects to generate approximately $625 million to $650 million of adjusted free cash flow in fiscal year 2025. FY 25 non-GAAP operating income is expected to be in the range of $1,300 million to $1,340 million.