Concentrix Stock Price, News & Analysis

Concentrix Corporation (NASDAQ: CNXC) has been awarded Quiq Partner of the Year for its significant contributions to digital transformation initiatives. The partnership achieved notable results, including a 35-50% resolution rate of messaging interactions through Conversational AI, a 20% reduction in cost per transaction, and a 10-15% improvement in Customer Satisfaction (CSAT) scores. Additionally, 4 million voice calls were transitioned to messaging in 2021. Concentrix's expertise, combined with Quiq's technology, enhances efficiencies and customer engagement across various industries.

Concentrix Corporation (NASDAQ: CNXC) reported a 13.1% increase in revenue to $1,579.6 million for Q3 2022, despite a 4.2-point negative impact from foreign exchange. Operating income rose to $157.5 million, but the operating margin fell to 10.0% from 10.8%. Non-GAAP diluted EPS increased by 18.5% to $2.95. The Board declared a 10% quarterly dividend increase to $0.275 per share, payable on November 8, 2022. Cash flow from operations was $152.6 million, with $126.4 million in free cash flow. The company continues to see growth opportunities and strong new business signings.

Concentrix Corporation (Nasdaq: CNXC) has been named a Leader in Customer Experience Management (CXM) by the Everest Group for the seventh consecutive year. The designation reflects Concentrix's commitment to exceptional customer experiences and its strategic investments in technology and analytics. Concentrix serves over 100 Fortune Global 500 clients across multiple industries, leveraging a blend of strategy, talent, and technology. The recognition highlights the growing importance of CXM in retaining customers and enhancing business performance.

Concentrix Corporation (NASDAQ: CNXC) is set to announce its fiscal third quarter 2022 financial results on September 28, 2022. A conference call and webcast for investors will follow on September 29, 2022, at 9:00 am ET. Concentrix is a global leader in customer experience (CX) solutions, serving over 100 Fortune Global 500 clients across various industries, including technology, retail, financial services, and healthcare. The company operates in more than 40 countries and emphasizes enhancing business outcomes through innovative CX strategies.

Concentrix Corporation (Nasdaq: CNXC) has successfully completed its acquisition of ServiceSource International, Inc., enhancing its B2B digital sales capabilities globally. This strategic move aims to broaden Concentrix's service offerings and improve client revenue through exceptional customer experience (CX). Both companies expressed excitement about combining their strengths to meet increasing client demands and improve customer engagement. The acquisition supports Concentrix's growth strategy, focusing on delivering innovative CX solutions to leading brands worldwide.

Concentrix Corporation (NASDAQ: CNXC) reported strong financial results for the fiscal second quarter ended May 31, 2022, with revenue of $1,568.1 million, a 14.5% increase year-over-year. Operating income rose 22.4% to $156.9 million, while diluted earnings per share increased 36.3% to $2.14. Non-GAAP measures revealed even higher growth, with non-GAAP operating income at $212.8 million. Despite currency headwinds and potential shifts in client operations, the company maintains an optimistic outlook supported by robust client wins and a strong pipeline. A quarterly dividend of $0.25 per share was declared.

Concentrix Corporation (NASDAQ: CNXC) is set to release its fiscal Q2 2022 financial results on June 27, 2022, after market close. A conference call to discuss these results will be held on June 28, 2022, at 9:00 am Eastern Time. Investors can access the live webcast through the Investor Relations section of the Concentrix website. The company is recognized as a top global provider of customer experience solutions, serving over 125 new economy clients and more than 100 Fortune Global 500 companies.

Concentrix Corporation (NASDAQ: CNXC) announced that President and CEO Chris Caldwell and CFO Andre Valentine will present at the Baird 2022 Global Consumer, Technology & Services Conference on June 6, 2022, at 12:15 p.m. ET. A live webcast will be available on the Concentrix website, and a replay will be accessible for 90 days post-event. Concentrix is a global leader in customer experience solutions, serving over 100 Fortune Global 500 clients across diverse sectors, including technology, retail, healthcare, and automotive.

Concentrix Corporation (Nasdaq: CNXC) has announced the acquisition of ServiceSource International, Inc. (NASDAQ: SREV) for $1.50 per share, totaling approximately $131 million. This move aims to enhance Concentrix’s B2B sales capabilities and expand its client portfolio, featuring key technology brands. Expected synergies include $230 million in revenue and $38 million in adjusted EBITDA in the first year post-acquisition. The transaction is set to close in the second half of 2022, pending shareholder and regulatory approvals.