
Applied Digital Corporation ($APLD) reported its second-quarter fiscal year 2025 results, revealing an adjusted earnings per share (EPS) of $(0.06) and revenue of $63.87 million. The company experienced a net loss of $138.73 million, despite achieving a 523% year-over-year growth in cloud services revenue, driven by the addition of GPU clusters. However, shares of APLD fell by 0.9% in pre-market trading following the earnings announcement. In contrast, Concentrix Corporation ($CNXC) posted its fourth-quarter and full fiscal year 2024 results, with revenue of $2.45 billion for the quarter, reflecting a 9.7% increase year-over-year. The company reported an adjusted EPS of $3.26, surpassing estimates of $3.01. For the full fiscal year, Concentrix's revenue reached $9.62 billion, up 35.2% year-over-year, although its GAAP EPS for FY2024 declined by 34.9%. Despite the positive earnings, CNXC shares dropped by 5.4% in pre-market trading amid expectations of a revenue decline in the first quarter.
$CNXC (-5.4% pre) Concentrix Expects Drop in 1Q Revenue - MW https://t.co/gPRQT5j27X
Concentrix, $CNXC, Q4 FY24 Results: 📊 Adj EPS: $3.26 🟢 💰 Revenue: $2.45B 🔴 📈 Net Income: $115.65M 🔍 GenAI iX suite launched with strong market adoption and $220M returned to shareholders in FY24.
Concentrix Corporation $CNXC earnings call from the Hudson Labs Co-Analyst. https://t.co/T0XFDlYTtz





