Concentrix reports Q3 EPS $2.71, consensus $2.84

Reports Q3 revenue $1.63B, consensus $1.64B. “We’re pleased to announce that our strong execution drove revenue growth and profitability that were in line with our expectations for the third quarter, while our free cash flow increased 32% year on year,” said Chris Caldwell, President and CEO of Concentrix + Webhelp. “Marquee multinational brands continue to trust us due to our deep domain expertise, consistent global delivery of high-quality services at scale, unwavering commitment to system security and regulatory compliance. We have experienced progress in deploying generative AI with select clients and sequential growth with our digital IT services business. We’re also benefiting from the vendor consolidation trend which we believe will create opportunities for revenue growth and margin expansion in the future.”