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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.

Concentrix Corporation (NASDAQ: CNXC) is a leading global provider of customer experience (CX) solutions and technology. The company specializes in end-to-end customer engagement services, technology innovations, analytics, process optimization, and business improvements. Concentrix partners with clients across various industries to transform the customer experience and streamline both front and back-office operations. With a presence in over 70 countries and a diverse workforce of more than 100,000 professionals speaking 40+ languages, Concentrix ensures high-value service delivery at scale.

Concentrix serves key industry verticals including technology & consumer electronics, retail, travel & e-commerce, banking, financial services & insurance, healthcare, communications & media, automotive, and energy & public sector. Its comprehensive service offerings include CX process optimization, front- and back-office automation, analytics, and digital IT services, which have garnered trust from marquee multinational brands.

The company recently completed its strategic combination with Webhelp, further strengthening its global footprint and service capabilities. This merger has already shown promise with increased client demand for the expanded offerings. Additionally, Concentrix has been at the forefront of deploying generative AI solutions and digital innovations to enhance client outcomes.

Financially, Concentrix demonstrated strong performance in its third quarter of fiscal 2023, with revenue growth and profitability meeting expectations. The company's free cash flow increased by 32% year over year. Moving forward, Concentrix is poised for continued growth, driven by vendor consolidation trends and an expanding portfolio of generative AI solutions.

Recent achievements include being ranked 499 on the Fortune 500® list and receiving various industry awards for advancements in AI and business automation. Concentrix remains committed to delivering exceptional value to its clients and shareholders through innovative solutions and steadfast execution.

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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 $45.17 as of February 21, 2025.

What is the market cap of Concentrix (CNXC)?

The market cap of Concentrix (CNXC) is approximately 3.0B.

What does Concentrix Corporation do?

Concentrix Corporation provides customer experience (CX) solutions and technology, specializing in end-to-end customer engagement, technology innovations, and business improvements.

In which industries does Concentrix operate?

Concentrix operates across several industries including technology & consumer electronics, retail, travel & e-commerce, banking, financial services & insurance, healthcare, communications & media, automotive, and energy & public sector.

How many countries does Concentrix operate in?

Concentrix operates in over 70 countries, providing global consistency with local market expertise.

What was a recent strategic move by Concentrix?

Concentrix recently completed a strategic combination with Webhelp, enhancing its global capabilities and service offerings.

How has Concentrix performed financially in recent quarters?

In the third quarter of fiscal 2023, Concentrix achieved revenue growth and profitability in line with expectations, with a notable 32% increase in free cash flow year over year.

What are some of the latest achievements of Concentrix?

Concentrix was ranked 499 on the Fortune 500® list and has received industry recognition for advancements in AI, business automation, and company culture.

How many employees does Concentrix have?

Concentrix employs over 100,000 staff members across the globe who speak more than 40 languages.

What is the significance of Concentrix's combination with Webhelp?

The combination with Webhelp expands Concentrix's service capabilities and global reach, meeting increased client demand for comprehensive CX solutions.

What are Concentrix's primary service offerings?

Concentrix offers CX process optimization, front- and back-office automation, analytics, digital IT services, and business transformation solutions.

Where can I learn more about Concentrix Corporation?

Visit Concentrix's official website at https://www.concentrix.com for more information.
Concentrix

Nasdaq:CNXC

CNXC Rankings

CNXC Stock Data

2.95B
54.45M
14.31%
79.54%
11.03%
Information Technology Services
Services-business Services, Nec
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United States
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