Welcome to our dedicated page for Concentrix Corporation news (Ticker: $CNXC), a resource for investors and traders seeking the latest updates and insights on Concentrix Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Concentrix Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Rhea-AI Summary
Concentrix (NASDAQ: CNXC) has been recognized as a Leader and Star Performer in Everest Group's Trust and Safety Services PEAK Matrix® Assessment 2024. The assessment highlighted Concentrix's diversified portfolio, use of generative AI for automation, and investments in AI-based tools. The company received a perfect score in the portfolio mix category and was praised for its expanded coverage, implementation of automated trust and safety platform Moderatus, and investments in AI technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.2%
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Rhea-AI Summary
Concentrix (NASDAQ: CNXC) rebrands as Concentrix, emphasizing its global technology and services leadership. The new visual identity reflects the company's focus on people and clients at the center, with a commitment to delivering innovative solutions. With expanded AI solutions and digital capabilities, Concentrix aims to provide fully integrated solutions across the enterprise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.61%
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Rhea-AI Summary
Concentrix (CNXC) reports strong financial results for the fiscal first quarter ended February 29, 2024, with revenue at the high end of guidance range. The company confirms its full-year business outlook for revenue, profit, and cash flow, and commits to share repurchases of $100 million over the remainder of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.77%
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Rhea-AI Summary
Concentrix Corporation (CNXC) will release its fiscal first quarter 2024 financial results on March 26, 2024, followed by a conference call and webcast for investors. The event will provide insights into the company's performance and future outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.02%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.84%
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Rhea-AI Summary
Concentrix Corporation completes combination with Webhelp, operating as Concentrix + Webhelp
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
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Concentrix Corporation
Nasdaq:CNXC
CNXC Rankings
CNXC Stock Data
4.06B
43.34M
15.08%
79.64%
3.31%
All Other Business Support Services
Administrative and Support and Waste Management and Remediation Services
United States of America
NEWARK
About CNXC
a wholly owned subsidiary of synnex corporation (nyse: snx), concentrix is a leader in high-value global business services. it partners with its clients to deliver end-to-end customer engagement services, technology innovations, analytics, process optimization, and business improvements. the global business services firm transforms the customer experience, and streamlines front and back office and industry-specific processes to provide the highest value from every customer interaction. based in over 25 countries with a staff of more than 100,000+ who speak 40+ languages, concentrix offers industry expertise in 10 industries: banking & financial services, healthcare & pharmaceutical, insurance, technology, consumer electronics, retail & e-commerce, government & public sector, media & communications, automotive and travel, transportation & tourism. for information, recent news, and to follow concentrix on twitter, facebook, linkedin, google+ and youtube, visit www.concentrix.com.