STOCK TITAN

Concentrix Debuts on the Fortune 500® List

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Concentrix (NASDAQ: CNXC) has debuted on the Fortune 500 list, securing the 499th position based on 2023 revenue. This milestone showcases the company's significant growth and dedication to providing transformative solutions for over 2000 clients. President and CEO Chris Caldwell attributes this success to the hard work and innovation of their team. Recent accolades include multiple Brandon Hall Technology Awards and recognition for company culture, including Best Places to Work for Women in 2023 and Best Company Global Culture from Comparably. Concentrix's strong financial performance and expansion in AI and digital capabilities underline its status as a leading technology and services firm.

Positive
  • Concentrix debuts on the Fortune 500 list, ranking 499th, highlighting significant revenue growth.
  • President and CEO Chris Caldwell credits the company's success to hard work and innovation.
  • Recent recognitions include Brandon Hall Technology Awards and top rankings as a workplace for women and for company culture.
  • The company's expansion in AI and digital capabilities underscores its strong market position and innovative approach.
Negative
  • Securing the 499th position on the Fortune 500 list indicates Concentrix's relatively lower ranking within the group, suggesting room for improvement.

Company ranks 499 on the Fortune 500® list, based on 2023 revenue

NEWARK, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today proudly announces its debut on the prestigious Fortune 500® list, securing the 499th position. This milestone marks a significant achievement in Concentrix' history, reflecting its sustained growth and commitment to delivering transformative solutions that power the world’s best brands today and into the future.

“We are incredibly proud to be joining the Fortune 500®. It is not only a testament to our game-changers’ hard work and dedication but also a clear indicator of our position as a leading technology and services company that designs, builds, and runs fully integrated, end-to-end solutions across the entire enterprise, at speed and scale,” said Chris Caldwell, President and CEO of Concentrix. “This achievement motivates us to continue to deliver outcomes unimagined for our 2000+ clients and their customers by investing in emerging technology and pushing the boundaries of innovation." 

The Fortune 500® ranking is the latest achievement for the company, joining recent recognitions such as Brandon Hall Technology Award wins for Best Advances in AI for Business Impact, Business Automation, and Sales Enablement and Performance Tools. The company has also received recognition for its outstanding company culture, including ranking as one of the top five global Best Places to Work for Women in 2023 by Best Places to Work, and for Best Company Global Culture from Comparably.

Concentrix has seen remarkable expansion and growth with its expanded breadth of generative AI solutions, digital capabilities, and high-value services. This inclusion in the Fortune 500® reflects the company's strong financial performance and amplifies its role as a trusted partner to many of the world's best brands. 

For more information on Concentrix, please visit https://www.concentrix.com/

About us: Experience the power of Concentrix
Concentrix Corporation (NASDAQ: CNXC) is the global technology and services leader that powers the world’s best brands, today and into the future. We’re human-centered, tech-powered, intelligence-fueled. Every day, we design, build, and run fully integrated, end-to-end solutions at speed and scale across the entire enterprise, helping over 2,000 clients solve their toughest business challenges. Whether it’s designing game-changing brand experiences, building and scaling secure AI technologies, or running digital operations that deliver global consistency with a local touch, we have it covered. At the heart of everything we do lies a commitment to transforming the way companies connect, interact, and grow. We’re here to redefine what success means, delivering outcomes unimagined across every major vertical in 70+ markets. Virtually everywhere. Visit concentrix.com to learn more.

Connect with Concentrix:
Website: http://www.concentrix.com/
LinkedIn: https://www.linkedin.com/company/concentrix/

Safe Harbor Statement
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding the company’s growth, strategy, current or expected future financial condition, capabilities and positioning to deliver business outcomes and solve challenges for its clients, and statements that include words such as believe, expect, may, will, provide, could, should, and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things, risks related to the company’s ability to successfully execute its strategy, competitive conditions in the company’s industry, and other factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2023 filed with the Securities and Exchange Commission and subsequent SEC filings. We do not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made.

Copyright 2024 Concentrix Corporation
All rights reserved. Concentrix, the Concentrix logo, and all other Concentrix company, product and services names and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries. Concentrix and the Concentrix logo Reg. U.S. Pat. & Tm. Off. and applicable non-U.S. jurisdictions. Other names and marks are the property of their respective owners.

From Fortune ©2024 Fortune Media IP Limited.  All rights reserved.  Used under license.  Fortune and Fortune 500 are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Concentrix.


FAQ

What is Concentrix's ranking on the Fortune 500 list?

Concentrix is ranked 499th on the Fortune 500 list.

What factors contributed to Concentrix's debut on the Fortune 500 list?

Concentrix's debut on the Fortune 500 list is attributed to its significant revenue growth in 2023 and its expansion in AI and digital capabilities.

What awards has Concentrix recently won?

Concentrix has won multiple Brandon Hall Technology Awards, including for Best Advances in AI for Business Impact, Business Automation, and Sales Enablement and Performance Tools.

How is Concentrix recognized for its company culture?

Concentrix is recognized as one of the top five global Best Places to Work for Women in 2023 and for having the Best Company Global Culture by Comparably.

Concentrix Corporation

NASDAQ:CNXC

CNXC Rankings

CNXC Latest News

CNXC Stock Data

2.62B
54.97M
15.19%
84.56%
9.37%
Information Technology Services
Services-business Services, Nec
Link
United States of America
NEWARK