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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) announces its fiscal Q3 2021 financial results will be released after market close on September 27, 2021. The company will hold a conference call and webcast to discuss these results on September 28, 2021, at 9:00 am ET. This session will be accessible in listen-only mode via the Investor Relations section of their website. Concentrix is a global leader in customer experience solutions, serving over 100 Fortune Global 500 clients across various sectors from more than 40 countries.

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On July 7, 2021, Abry Partners and Hoplon Capital completed the acquisition of Concentrix Corporation's insurance third-party administration and software platform, now rebranded as illumifin. The company aims to deliver technology-enabled services to the insurance industry, with Phil Ratcliff as the new CEO. This strategic move is expected to enhance illumifin's capabilities in providing innovative solutions for individual and group insurers, leveraging deep industry expertise. Abry Partners expressed confidence in illumifin's management and the significant opportunities within the insurance market.

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Concentrix Corporation (NASDAQ: CNXC) reported strong financial results for Q2 FY2021, with revenue of $1,369.9 million, marking a 28.5% increase year-over-year. Operating income surged to $128.2 million (9.4% margin), compared to $23.6 million (2.2%) in the previous year. Non-GAAP net income rose to $124.9 million, up 253.8% from $35.3 million. Diluted EPS was $1.57, a significant jump from $0.05. The company aims for constant currency revenue growth exceeding 10% for fiscal 2021 amidst rising demand for customer experience solutions.

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Concentrix Corporation (NASDAQ: CNXC) will announce its fiscal Q2 2021 financial results on June 23, 2021, after the market closes. A conference call to discuss these results is scheduled for June 24, 2021, at 9:00 am ET, available via webcast. Concentrix is renowned for delivering customer experience solutions globally, serving over 100 Fortune Global 500 clients.

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Concentrix Corporation (NASDAQ: CNXC) announces management presentations at two upcoming investor conferences. The CEO Chris Caldwell and CFO Andre Valentine will present at the Cowen 49th Annual Technology, Media & Telecom Conference on June 3, 2021, at 9:10 AM EDT, and at the Baird 2021 Global Consumer, Technology & Services Conference on June 8, 2021, at 3:10 PM EDT. Live webcasts will be accessible via Concentrix’s website, with replays available for 90 days.

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Concentrix Corporation (NASDAQ: CNXC) announced a definitive agreement to sell its insurance third-party administration operations, known as Concentrix Insurance Solutions, to Abry Partners and Hoplon Capital. The sale aims to create a standalone company to innovate within the insurance sector. The transaction is expected to close by the end of May 2021, pending regulatory approval. This strategic move allows Concentrix to focus on its core customer experience solutions. The company's financial guidance for 2021 remains unchanged, and the sale's proceeds will bolster its investment in core capabilities.

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Concentrix Corporation (NASDAQ: CNXC) reported strong financial results for Q1 FY2021, with revenue reaching $1,353.3 million, a 13.9% increase from the prior year. Operating income soared to $134.9 million, representing 10% of revenue, while non-GAAP operating income rose to $176.6 million (13.1% margin). Net income grew by 69.8% to $88.8 million, and diluted EPS increased to $1.69, up 67.3%. The company anticipates above 10% constant-currency revenue growth and margins surpassing pre-COVID levels for FY2021, driven by strong demand across markets.

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Concentrix Corporation (NASDAQ: CNXC) will release its fiscal Q1 2021 financial results after market close on March 24, 2021. The company will hold a conference call on March 25, 2021, at 9:00 AM ET to discuss these results. Concentrix is a leading provider of customer experience solutions, working with over 95 Global Fortune 500 clients. Their services span various industries, including technology, retail, finance, and healthcare.

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Concentrix (Nasdaq: CNXC) has launched VOC Essentials, a cost-effective solution aimed at enhancing the Voice of the Customer (VOC) experience. Available since February 9, 2021, this platform integrates advanced SaaS technology with customer engagement best practices to deliver real-time feedback and actionable insights. Key functionalities include AI-powered analytics, open-end analysis for at-risk customers, and real-time reporting for quicker issue resolution. Targeting industries like financial services, telecom, and retail, VOC Essentials aims to improve customer loyalty while reducing operational costs.

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Concentrix

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