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.
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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