EU and US could reach trade deal this weekend - Reuters
Concentrix Corp (NASDAQ:CNXC) recently reported that Cormac J. Twomey, the company’s Executive Vice President of Global Operations & Delivery, sold 500 shares of common stock. The transaction, which took place on March 31, 2025, was executed at a price of $55.31 per share, totaling $27,655. Following this sale, Twomey holds 39,130 shares directly.
This sale was conducted under a Rule 10b5-1 trading plan, which Twomey adopted on January 29, 2024. Such plans allow insiders to set predetermined trades to avoid any potential conflicts of interest.
In other recent news, Concentrix Corp reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an adjusted earnings per share (EPS) of $2.79, compared to the forecasted $2.61. Revenue for the quarter stood at $2.37 billion, aligning with projections. The company demonstrated a 1.3% year-over-year revenue growth on a constant currency basis. Analyst firm Canaccord Genuity noted the solid results and reiterated outlook for the year. Concentrix has been focusing on deploying AI solutions and integrating WebHelp synergies, which contributed to its strong performance. The company provided a positive outlook for fiscal year 2025, with revenue guidance between $9.49 billion and $9.635 billion. Additionally, Concentrix expects non-GAAP EPS to range from $11.18 to $11.77. The company continues to emphasize modest margin growth and synergy realization from its WebHelp integration.
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