Concentrix 10-Q: Revenue $2,500.4M, EPS $0.33 — Q Performance Snapshot
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Concentrix reported Q1 revenue of $2,500.4 million, a 5.4% increase YoY, with diluted EPS at $0.33, down from $1.04. Gross profit fell 0.7% to $849.7 million, and operating income dropped 29.8% to $118.6 million, reflecting margin pressure and restructuring costs. Approximately 90% of revenue came from non-U.S. operations, with growth driven by retail, banking, and communications sectors. The company is focusing on cost-reduction initiatives and faced client declines in technology and healthcare.
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