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 Corp. (NASDAQ: CNXC) operates as a global customer experience services provider, making its news coverage particularly relevant for investors tracking the business process outsourcing sector and enterprise technology services industry. As a company serving major brands across banking, healthcare, technology, retail, and other verticals, Concentrix news often reflects broader trends in how businesses approach customer engagement.
This news feed covers Concentrix earnings announcements, which detail revenue performance across the company's geographic regions and industry verticals. Quarterly and annual results reveal trends in enterprise demand for outsourced customer services, contract wins with major clients, and the impact of technology investments on margins and growth.
Concentrix news also tracks the company's artificial intelligence initiatives, including deployments of conversational AI and agentic automation frameworks. These developments signal how the traditional contact center industry is evolving toward technology-augmented service models.
Strategic announcements appear regularly, covering acquisitions that expand Concentrix's service capabilities, geographic footprint, or technology offerings. Industry analyst recognitions and competitive assessments provide context on the company's market position within customer experience management.
Bookmark this page to follow Concentrix's quarterly earnings releases, strategic developments, and industry positioning updates as the company navigates the evolving customer experience services market.
Concentrix Corporation (NASDAQ: CNXC) reported robust fiscal Q3 2021 results, achieving $1.397 billion in revenue, a 20.1% increase year-over-year. Operating income surged to $151.4 million, representing 10.8% of revenue, while non-GAAP operating income grew 49.2% to $181.6 million. Net income reached $109.8 million, a substantial 141.9% increase. The company declared a quarterly dividend of $0.25 per share and announced a $500 million share repurchase program aimed at enhancing shareholder value. Strong market fundamentals support projected annual revenue growth of 17%.
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.
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.
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.
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.
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.
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.
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.
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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