Concentrix (NASDAQ:CNXC) shares jumped 37% intra-day today as the company delivered a solid first-quarter earnings beat and issued confident full-year guidance that topped Wall Street expectations.

The company posted adjusted earnings of $2.79 per share for Q1, beating the consensus estimate of $2.61, while revenue of $2.37 billion matched expectations. Despite a 1.3% year-over-year decline in revenue, growth was positive at 1.3% on a constant currency basis.

Although the adjusted EBITDA margin edged down slightly to 15.8% from 16.0% a year earlier, investors were encouraged by the company’s upbeat guidance and strategic momentum in areas like generative AI and digital transformation services.

For fiscal year 2025, Concentrix expects earnings per share between $11.18 and $11.77, exceeding the analyst consensus of $11.34. The company also guided revenue between $9.49 billion and $9.64 billion, compared to the $9.54 billion estimate.

Concentrix reaffirmed its plan to generate $625 million to $650 million in adjusted free cash flow and announced it will return over $240 million to shareholders through buybacks and dividends over the year.