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 Corp. (NASDAQ: CNXC) operates as a global customer experience services provider, making its news coverage particularly relevant for investors tracking the business process outsourcing sector and enterprise technology services industry. As a company serving major brands across banking, healthcare, technology, retail, and other verticals, Concentrix news often reflects broader trends in how businesses approach customer engagement.
This news feed covers Concentrix earnings announcements, which detail revenue performance across the company's geographic regions and industry verticals. Quarterly and annual results reveal trends in enterprise demand for outsourced customer services, contract wins with major clients, and the impact of technology investments on margins and growth.
Concentrix news also tracks the company's artificial intelligence initiatives, including deployments of conversational AI and agentic automation frameworks. These developments signal how the traditional contact center industry is evolving toward technology-augmented service models.
Strategic announcements appear regularly, covering acquisitions that expand Concentrix's service capabilities, geographic footprint, or technology offerings. Industry analyst recognitions and competitive assessments provide context on the company's market position within customer experience management.
Bookmark this page to follow Concentrix's quarterly earnings releases, strategic developments, and industry positioning updates as the company navigates the evolving customer experience services market.
Concentrix (NASDAQ: CNXC) has announced the release of iX Hello, a GenAI-powered self-service application designed to enhance productivity and engagement quality with high security. This product is the first in a suite of AI and GenAI technologies that Concentrix has developed and successfully deployed internally and with pre-launch clients.
iX Hello offers an out-of-the-box solution for businesses to create virtual assistants for various use cases, including data analysis, rapid language translations, and internal self-service chatbots. It integrates securely with leading Large Language Models (LLMs) and internal data sources, providing a cost-effective way to boost productivity within a compliant environment.
Key features of iX Hello include:
- Integration with multi-modal LLMs from major tech companies
- Enterprise-grade security and compliance
- Brand-specific customization
- Pre-built virtual assistants for common tasks
- Functionality for translating copy in 90+ languages
Concentrix plans to release additional technology products in the iX suite over the coming months.
Concentrix (NASDAQ: CNXC) reported financial results for Q3 2024 ended August 31, 2024. Key highlights include:
- Revenue of $2,387.4 million, up 46.2% year-over-year
- Non-GAAP operating income of $331.0 million, or 13.9% of revenue
- Adjusted EBITDA of $388.1 million, or 16.3% of revenue
- Non-GAAP diluted EPS of $2.87
The company also announced the launch of iX Hello, a Generative AI-powered solution. Concentrix returned $60 million to shareholders through share repurchases and dividends, and raised its quarterly dividend by 10% to $0.33275 per share.
Concentrix (NASDAQ: CNXC), a global technology and services leader, has announced its schedule for releasing its fiscal third quarter 2024 financial results. The company plans to disclose these results after the market closes on Wednesday, September 25, 2024. Following this, Concentrix will host a conference call and webcast for the investment community at 5:00 pm Eastern Time on the same day.
Investors can access the live conference call webcast in listen-only mode through the Investor Relations section of the Concentrix website under 'Events and Presentations'. For those unable to attend the live event, a replay will be made available on the company's website after the conference call.
Concentrix (NASDAQ: CNXC), a global technology and services leader, unveiled its 2024 Sustainability Report titled 'The Power Of One,' emphasizing its commitment to sustainability and community impact. The report outlines ambitious goals such as achieving a Net Zero carbon footprint by 2050 and supporting the UN's 2030 Sustainable Development Goals. Key focus areas include environmental stewardship, inclusive workplace culture, innovation, trust-building, and community support. Concentrix has exceeded many of its 2025 sustainability targets and reinvigorated its Think Human Foundation to back nonprofits focused on climate resilience and education.
Concentrix (NASDAQ: CNXC) announced its financial results for the fiscal second quarter ended May 31, 2024. The company reported revenue of $2.38 billion, a 47.4% increase year-on-year, and raised its full-year 2024 revenue guidance due to strong demand for its technology and service offerings.
Adjusted free cash flow for the quarter was over $200 million, and the company returned $60 million to shareholders through share repurchases and dividends. However, operating income decreased by 7.6% to $150.2 million, and net income fell 15.3% to $66.8 million. Diluted EPS declined from $1.51 to $0.98 year-on-year. Adjusted EBITDA was $379.6 million, a 46.7% increase from the previous year.
Concentrix reiterated its commitment to share repurchases, dividends, and debt reduction for 2024. The company also highlighted the successful integration of Webhelp and maintained its outlook for adjusted free cash flow for the year.
Concentrix (NASDAQ: CNXC) will release its fiscal second quarter 2024 financial results after market close on Wednesday, June 26, 2024.
A conference call and webcast to discuss these results will follow at 5:00 pm ET the same evening. The webcast will be accessible in listen-only mode in the Investor Relations section of the Concentrix website. A replay will also be available.
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.
Concentrix (NASDAQ: CNXC), a global technology and services leader, announced its participation in several upcoming investor conferences. Senior management will attend the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on May 22, 2024, in Boston, MA.
They will also be present at the Baird 2024 Global Consumer, Technology & Services Conference on June 4, 2024, in New York City, and the BofA Securities 2024 Global Technology Conference on June 5, 2024, in San Francisco, CA. All presentations and webcasts will be accessible on Concentrix’s investor relations webpage.
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