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Concentrix - CNXC STOCK NEWS

Welcome to our dedicated page for Concentrix news (Ticker: CNXC), a resource for investors and traders seeking the latest updates and insights on Concentrix stock.

About Concentrix Corporation (NASDAQ: CNXC)

Concentrix Corporation is a Fortune 500® global technology and services leader specializing in customer experience (CX) solutions and business process transformation. Headquartered in Newark, California, Concentrix operates in over 70 countries, providing innovative, end-to-end solutions that empower some of the world’s most recognizable brands to redefine customer engagement and operational efficiency. The company’s comprehensive portfolio includes customer engagement services, digital transformation, analytics, artificial intelligence (AI)-driven solutions, and process optimization, making it a trusted partner for over 2,000 clients across diverse industries.

Core Business Areas

Concentrix designs, builds, and runs integrated solutions across the entire enterprise. Its primary offerings include:

  • Customer Engagement Services: Enhancing customer interactions through personalized and efficient communication channels.
  • Digital Transformation: Leveraging cutting-edge technologies such as AI, automation, and machine learning to streamline operations and improve customer experiences.
  • Analytics and Insights: Providing actionable data-driven insights to optimize business strategies and decision-making.
  • Process Optimization: Streamlining front- and back-office operations to improve efficiency and reduce costs.
  • Technology Solutions: Developing and deploying secure, scalable, and innovative tech solutions tailored to client needs.

Industry Expertise

Concentrix serves a wide range of industries, demonstrating deep expertise and adaptability in:

  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare and Pharmaceuticals
  • Technology and Consumer Electronics
  • Retail, Travel, and E-commerce
  • Media, Communications, and Entertainment
  • Automotive and Transportation
  • Public Sector and Government

Global Reach and Workforce

With a presence in over 70 countries across six continents, Concentrix combines global consistency with local market expertise. The company boasts a diverse workforce of over 100,000 professionals speaking 40+ languages, ensuring culturally nuanced and effective service delivery.

Technology-Driven Innovation

Concentrix is at the forefront of technological innovation, integrating AI and generative AI solutions into its offerings. The launch of products like iX Hello, a generative AI-powered virtual assistant, underscores its commitment to enhancing productivity and engagement while maintaining secure, on-brand environments for clients. These advancements enable Concentrix to stay ahead in a rapidly evolving digital landscape.

Strategic Growth and Market Position

Concentrix has solidified its position as a market leader through strategic acquisitions, such as the integration of Webhelp, which expanded its capabilities and market share. Its inclusion in the Fortune 500® highlights its robust financial performance and industry influence. By continually investing in emerging technologies and high-value services, Concentrix remains a preferred partner for businesses seeking transformative solutions.

Commitment to Excellence

At its core, Concentrix is human-centered, tech-powered, and intelligence-fueled. The company is dedicated to fostering emotional connections between brands and their customers while delivering measurable business outcomes. Its mission is to redefine success by transforming how companies connect, interact, and grow in an increasingly digital world.

Competitive Landscape

Concentrix operates in a competitive industry, with key competitors including Teleperformance, Sitel Group, and Alorica. It differentiates itself through its comprehensive service offerings, innovative use of AI technology, and ability to deliver global consistency with a local touch. By focusing on client-centric solutions and continuous innovation, Concentrix maintains a strong competitive edge.

Conclusion

Concentrix Corporation (NASDAQ: CNXC) is a transformative force in the CX and business services industry. Its blend of technological innovation, industry expertise, and global reach positions it as a trusted partner for businesses aiming to enhance customer experiences, optimize processes, and achieve sustainable growth. With a commitment to redefining success, Concentrix is shaping the future of customer engagement and operational excellence.

Rhea-AI Summary
Concentrix Corporation (CNXC) appoints Ryan Peterson as Executive Vice President and Chief Product Officer to drive innovation and enhance customer experiences with GenAI powered solutions. Ryan's extensive product and AI experience from Amazon Web Services will bolster Concentrix's product portfolio and capabilities.
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Concentrix Corporation (NASDAQ: CNXC) has received validation from the Science Based Target initiative (SBTi) on its near-term greenhouse gas emissions reduction targets, showcasing its commitment to ambitious climate action. The company aims to reduce absolute scope 1 and 2 GHG emissions by 50% by 2030 and absolute scope 3 emissions by the same percentage, reinforcing its dedication to a sustainable future.
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Concentrix Corporation (CNXC) reported strong financial results for the fiscal fourth quarter and fiscal year ended November 30, 2023. Revenue increased by 36.0% to $2,230.8 million in the fourth quarter, with a 1.3% rise in operating income. For the full fiscal year, revenue grew by 12.5% to $7,114.7 million, with a 3.3% increase in operating income. The company also provided outlook for the first quarter and full year fiscal 2024, expecting pro forma constant currency revenue growth of 1% to 3% for both periods.
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Concentrix Corporation (CNXC) to announce Q4 and full year fiscal 2023 financial results on January 24, 2024, followed by a conference call and webcast with the investment community.
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Concentrix Corporation announces Q3 financial results with revenue of $1.63B, up 3.4% YoY. Operating income and non-GAAP operating income also increased by 3.0% and 4.3% respectively. However, net income and non-GAAP net income decreased by 27.3% and 8.7% respectively. Diluted earnings per common share also decreased by 27.0% and non-GAAP diluted earnings per common share decreased by 8.1%. Quarterly dividend of $0.3025/share declared. Q4 revenue expected to be $2.19B-$2.215B with non-GAAP EPS of $3.03-$3.15.
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Concentrix Corporation completes combination with Webhelp, operating as Concentrix + Webhelp
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Concentrix obtains regulatory approvals for combination with Webhelp, expects to close transaction on September 25, 2023. Combination will create a leading provider of customer experience solutions globally. Concentrix to announce Q3 2023 financial results on September 27, 2023.
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Concentrix Corporation (NASDAQ: CNXC) announced the pricing of a public offering of $800 million aggregate principal amount of 6.650% Senior Notes due 2026, $800 million aggregate principal amount of 6.600% Senior Notes due 2028, and $550 million aggregate principal amount of 6.850% Senior Notes due 2033. The net proceeds will be used to fund the cash consideration for the pending acquisition of Webhelp Parent, repay existing indebtedness of Webhelp, and pay related fees and expenses. The Offering is expected to close on August 2, 2023, and is not conditioned upon the consummation of the Acquisition.
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FAQ

What is the current stock price of Concentrix (CNXC)?

The current stock price of Concentrix (CNXC) is $48.27 as of April 4, 2025.

What is the market cap of Concentrix (CNXC)?

The market cap of Concentrix (CNXC) is approximately 3.5B.

What does Concentrix Corporation do?

Concentrix Corporation specializes in customer experience (CX) solutions, offering services like digital transformation, analytics, AI-driven solutions, and process optimization.

Which industries does Concentrix serve?

Concentrix serves industries such as banking, healthcare, technology, retail, automotive, media, and government, among others.

How does Concentrix differentiate itself from competitors?

Concentrix stands out through its innovative use of AI, comprehensive service offerings, global reach, and ability to deliver tailored solutions for diverse industries.

What is Concentrix's global presence?

Concentrix operates in over 70 countries across six continents, with a workforce of more than 100,000 professionals speaking 40+ languages.

What role does technology play in Concentrix's services?

Technology is central to Concentrix's offerings, with solutions like AI-powered tools, analytics, and digital transformation services driving innovation and efficiency.

What is iX Hello by Concentrix?

iX Hello is a generative AI-powered virtual assistant designed to boost productivity and engagement while ensuring secure, on-brand customer interactions.

What is Concentrix's approach to digital transformation?

Concentrix leverages technologies like AI, machine learning, and automation to streamline operations, enhance customer experiences, and drive business growth.

Who are Concentrix's main competitors?

Concentrix's key competitors include Teleperformance, Sitel Group, and Alorica, among others in the CX and business services industry.
Concentrix

Nasdaq:CNXC

CNXC Rankings

CNXC Stock Data

3.47B
53.89M
15.37%
91.15%
12.77%
Information Technology Services
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United States
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