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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 global leader in customer experience solutions and technology-enabled business services. This page provides investors and industry professionals with centralized access to official press releases, financial updates, and strategic developments from the CX innovation leader.

Track CNXC's latest announcements including AI-driven service innovations, strategic partnerships, and financial performance updates. Our curated news collection covers essential developments in digital transformation initiatives, operational expansions, and leadership updates directly from corporate sources.

This resource serves investors seeking to monitor Concentrix's market position in customer engagement technology and business process optimization. All content is verified from primary sources to ensure accuracy and timeliness, providing reliable information for investment research and competitive analysis.

Bookmark this page for ongoing access to Concentrix's official communications, including earnings call details, merger & acquisition activity, and technology deployment updates. Check regularly for the latest developments shaping the future of enterprise customer experience solutions.

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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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Concentrix Corporation (NASDAQ: CNXC) reported its fiscal first-quarter results for 2023, with revenue reaching $1,636.4 million, a 6.5% increase from the previous year. Operating income was $156.0 million, marking a 5.6% rise. However, net income fell by 20.3% to $87.9 million, and diluted earnings per share decreased 19.6% to $1.68. The company declared a quarterly dividend of $0.275 per share, payable on May 9, 2023, and repurchased 0.1 million shares for $10.0 million. Despite the challenges, Concentrix maintains a positive outlook, citing robust demand and market share opportunities.

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Concentrix Corporation (NASDAQ: CNXC) announced a $4.8 billion agreement to merge with Webhelp, enhancing its leadership in the $550 billion customer experience (CX) market. The combined company is expected to generate $9.8 billion in estimated revenue for 2023, adding approximately 1,000 clients including over 25 Fortune Global 500 companies. This merger will significantly expand Concentrix's footprint in Europe, Latin America, and Africa, while also improving its digital services. The transaction is projected to be accretive to revenue growth and non-GAAP earnings per share in its first year. A conference call will be held today for further discussion.

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Concentrix Corporation (NASDAQ: CNXC) will announce its fiscal first quarter 2023 financial results on March 29, 2023, after market close. A conference call to discuss these financial results is scheduled for the same day at 5:00 PM Eastern Time, accessible via the Investor Relations section of their website. Concentrix is recognized globally for its customer experience (CX) solutions, serving over 130 Fortune Global 500 companies across various sectors in 40 countries.

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Concentrix Corporation (NASDAQ: CNXC) reported fiscal Q4 and full-year results for 2022, marking significant revenue growth despite currency impacts.

Q4 revenue reached $1,640.7M, a 11.9% increase from $1,466.6M in Q4 2021, while full-year revenue was $6,324.5M, up 13.2% from $5,587.0M.

Operating income for Q4 was $178.0M (10.8% margin), and $640.2M (10.1% margin) for the year. Diluted EPS decreased to $2.01 from $2.35 in Q4 2021, but non-GAAP EPS rose to $3.01 from $2.99.

Management expressed confidence in future growth despite challenges in the consumer electronics and retail sectors.

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Concentrix Corporation (NASDAQ: CNXC) will announce its fourth quarter and full year fiscal 2022 financial results after market close on January 19, 2023. A conference call and webcast for investors will be held the same evening at 5:00 pm ET. The live call can be accessed through the company's Investor Relations site, with a replay available afterward. Concentrix is a leading provider of customer experience solutions, servicing over 100 clients from Fortune Global 500 and excelling in various industry verticals.

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Nasdaq:CNXC

CNXC Rankings

CNXC Stock Data

3.18B
54.00M
15.37%
91.15%
12.77%
Information Technology Services
Services-business Services, Nec
Link
United States
NEWARK