04:40 PM EDT, 03/26/2024 (MT Newswires) -- Concentrix ( CNXC ) reported fiscal Q1 non-GAAP earnings late Tuesday of $2.57 per diluted share, down from $2.59 a year earlier.

Three analysts surveyed by Capital IQ expected $2.58.

Revenue in the quarter ended Feb. 29 was $2.40 billion, up from $1.64 billion a year earlier. Four analysts surveyed by Capital IQ expected $2.38 billion.

The company said it expects non-GAAP diluted EPS of $2.55 to $2.70 for fiscal Q2 on revenue of $2.33 billion to $2.37 billion. Three analysts in a Capital IQ poll expect earnings per share of $2.84 on revenue of $2.38 billion, respectively.

For fiscal 2024, it expects non-GAAP diluted EPS ranging from $11.69 to $12.50 on revenue of $9.51 billion to $9.70 billion. Analysts in a Capital IQ survey are looking for $11.96 and $9.63 billion, respectively.

The company maintained its quarterly dividend at $0.3025 per share, payable on May 7 to shareholders of record on April 26.

The shares of the company fell nearly 3% in after-hours activity.

Price: 60.5, Change: -1.73, Percent Change: -2.78