Latest news with #CNXC
Yahoo
11-07-2025
- Business
- Yahoo
Concentrix Halves Carbon Emissions Target by 2030, Details Progress in 2025 Sustainability Report
Concentrix Corporation (NASDAQ:CNXC) is one of the cheap IT stocks hedge funds are buying. On June 30, Concentrix released its 2025 Sustainability Report, titled 'The Power of One.' The report highlights the company's progress towards its 2030 ESG (Environmental, Social, and Governance) goals across 5 strategic priorities: climate action, culture, innovation, community impact, and ethical business. Concentrix views sustainability as a roadmap for creating tangible business value. In particular, Concentrix cut carbon emissions by 27% compared to its 2019 baseline, showing progress towards its 2030 goal of a 50% reduction. A digital dashboard detailing customer experience/user experience data. Energy efficiency measures have reduced global energy consumption from 421 million kWh in 2019 to 379 million kWh in 2024, contributing to lower operating expenses and a more cost-efficient footprint. Concentrix also scaled its internal Carbon Challenge platform and engaged 12,000+ employees in reducing their carbon footprint and promoting personal and collective accountability in sustainability. Concentrix Corporation (NASDAQ:CNXC) designs, builds, and runs integrated customer experience/CX solutions worldwide. While we acknowledge the potential of CNXC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
07-07-2025
- Business
- Yahoo
Concentrix Corporation (CNXC): A Bull Case Theory
We came across a bullish thesis on Concentrix Corporation (CNXC) on Stock Analysis Compilation's Substack. In this article, we will summarize the bulls' thesis on CNXC. Concentrix Corporation (CNXC)'s share was trading at $ 57.15 as of 12th June. CNXC's trailing and forward P/E were 14.32 and 5.08 respectively according to Yahoo Finance. A client happily using a company's software services, powered by automated accessibility solutions. Concentrix, a global provider of customer engagement solutions, offers a compelling investment opportunity as it navigates macroeconomic challenges and AI-related disruption with resilience and adaptability. The company enables large enterprises to interact with their customers through voice, chat, and email channels. Despite recent market skepticism fueled by economic headwinds and fears of AI-driven disintermediation, Concentrix's fundamentals have started to show meaningful improvement. In the most recent quarter, the company returned to year-over-year revenue growth and expanded its net margins, signaling a positive inflection point that has already driven a recovery in its share price. While generative AI, such as ChatGPT, has been viewed as a structural threat, Concentrix's increasing headcount and continued client demand suggest otherwise. The company is beginning to monetize generative AI capabilities, leveraging its domain expertise to deploy these technologies in ways that enhance customer efficiency rather than displace human labor. Concentrix's long track record of successfully integrating new technologies into its operations reinforces confidence in its ability to remain relevant and valuable in a rapidly evolving digital landscape. With its shares still trading at a discounted valuation and a nimble, execution-focused management team at the helm, the stock presents a favorable risk-reward profile. The ability to grow margins and adopt AI strategically makes Concentrix not only resilient in the face of structural change but also well-positioned for long-term compounding. These dynamics support continued conviction in the investment, particularly as the market underappreciates the company's forward-looking strategy and operational momentum. Recently, we covered a on Accenture (ACN), emphasizing its role as the 'invisible infrastructure' behind enterprise transformation through deep multi-industry integration and proprietary AI platforms. Concentrix (CNXC), while smaller and more narrowly focused on customer engagement, offers a parallel narrative: both firms are navigating AI disruption by embedding it into operations rather than resisting it. Accenture's scale and diversified exposure offer compounding stability, while Concentrix's nimbleness and undervaluation present a more asymmetric opportunity. Together, they illustrate distinct but complementary approaches to thriving in a tech-driven services landscape. Inc. is on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 328 hedge fund portfolios held AMZN at the end of the first quarter, which was 339 in the previous quarter. While we acknowledge the risk and potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
30-06-2025
- Business
- Yahoo
Concentrix Wins AI Breakthrough Award for GenAI Virtual Assistant, iX Hello
Concentrix Corporation (NASDAQ:CNXC) is one of the best IT stocks to buy according to analysts. On June 25, Concentrix announced that its iX Hello AI-powered application has been named 'Intelligent Personal Assistant of the Year' in the 8th annual AI Breakthrough Awards program. This prestigious international award recognizes outstanding companies and solutions in the global AI market. The iX Hello application enables organizations to create customizable and intuitive GenAI-powered virtual AI assistants. These are designed for seamless integration across various enterprise functions. The self-service tools provided by iX Hello empower customer-facing teams to deliver meaningful interactions at scale, and have a no-code setup that allows for immediate deployment. A digital dashboard detailing customer experience/user experience data. Furthermore, iX Hello can be integrated with existing enterprise systems and supports hybrid cloud environments for secure and effortless deployment. The AI Breakthrough Awards program is dedicated to highlighting innovators and impactful technologies across different AI categories, like GenAI, Computer Vision, AIOps, Agentic AI, Robotics, and Natural Language Processing, among others. Concentrix Corporation (NASDAQ:CNXC) designs, builds, and runs integrated customer experience/CX solutions worldwide. While we acknowledge the potential of CNXC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
27-06-2025
- Business
- Yahoo
Why Concentrix (CNXC) Shares Are Sliding Today
Shares of customer experience solutions provider Concentrix (NASDAQ:CNXC) fell 7.5% in the morning session after the company reported mixed second-quarter 2025 results, with a significant drop in profitability overshadowing a slight revenue beat. While the technology and services firm's revenue of $2.42 billion narrowly surpassed analysts' expectations, its net income saw a steep 37% year-over-year decline to $42.1 million. This resulted in earnings per share (EPS) of $0.63, a sharp fall from $0.98 in the same quarter last year. Even on an adjusted basis, which excludes certain items, non-GAAP EPS of $2.70 missed the consensus estimate of $2.76. The company attributed the drop in profitability partly to temporary program pauses and investments made ahead of anticipated growth in the second half of the year. Despite raising its full-year revenue forecast, the significant earnings miss and contracting margins have spooked investors, raising concerns about the company's near-term profitability. The shares closed the day at $51.71, down 6.3% from previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Concentrix? Access our full analysis report here, it's free. Concentrix's shares are quite volatile and have had 17 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 3 months ago when the stock gained 38% on the news that the company reported impressive first quarter 2025 results which beat analysts' EPS and EBITDA expectations. Adjusting for currency swings, revenue managed to inch up a bit, with momentum driven by demand for the company's AI offerings, and this could partly be responsible for the improved market optimism. Adding to the positive aspect, it slightly lifted its revenue guidance for the full year, given the outperformance recorded during the quarter. Overall, this quarter had some key positives. Concentrix is up 18.8% since the beginning of the year, but at $51.71 per share, it is still trading 31.6% below its 52-week high of $75.58 from August 2024. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
Yahoo
27-06-2025
- Business
- Yahoo
Concentrix Corp (CNXC) Q2 2025 Earnings Call Highlights: Navigating Growth Amidst Operational ...
Revenue: Approximately $2.4 billion, an increase of 1.5% year on year. Non-GAAP Operating Income: $304 million, below the guidance range. Adjusted EBITDA: $357 million, with a margin of 14.8%. Non-GAAP Diluted EPS: $2.70 per share, within guidance range. GAAP Net Income: $42 million. GAAP Diluted EPS: $0.63 per share. Adjusted Free Cash Flow: $200 million. Cash and Cash Equivalents: $343 million. Total Debt: Approximately $4.9 billion. Net Debt: $4.5 billion. Share Repurchases: $45 million, approximately 920,000 shares at an average price of $49 per share. Quarterly Dividend: $22 million. Third Quarter Revenue Guidance: $2.445 billion to $2.470 billion. Full Year Revenue Guidance: $9.720 billion to $9.815 billion. Full Year Non-GAAP EPS Guidance: $11.53 to $11.76 per share. Adjusted Free Cash Flow Guidance: $625 million to $650 million. Warning! GuruFocus has detected 4 Warning Signs with CNXC. Release Date: June 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Concentrix Corp (NASDAQ:CNXC) reported solid revenue growth, exceeding guidance with approximately $2.4 billion in revenue, marking a 1.5% year-on-year increase. The company is seeing strong momentum in its AI-led customer experience offerings and adjacent AI solutions, which are growing faster than the core business. Concentrix Corp (NASDAQ:CNXC) launched iX Hero, an AI-powered application, complementing its autonomous AI assistant product, iX Hello, and is gaining early market traction. The company is benefiting from partner consolidation, allowing it to win new business with more complex and scalable services. Concentrix Corp (NASDAQ:CNXC) has a strong pipeline and expects continued revenue growth, driven by broad-based momentum across geographies and verticals, including banking, tech, media, and healthcare. Operational margins were lighter than anticipated due to holding labor during client project pauses and preparing for accelerated growth. Non-GAAP operating income was below guidance due to client program pauses related to tariffs and elevated investments for future growth. The company faced a mixed impact from foreign exchange rates, which were a headwind for profitability despite being a tailwind for revenue. There is a 2% headwind from work moving offshore, impacting revenue growth and causing temporary duplication of costs. The operating margin guidance for the full year is lower by 40 basis points, reflecting challenges in maintaining profitability amid revenue growth. Q: Is the revenue acceleration in the second half broad-based or reliant on specific contracts? A: Christopher Caldwell, President and CEO, stated that the momentum is broad-based across geographies and verticals, including banking, tech, media, and healthcare. The deals being won are more complex and involve their technology, which is a strategic focus for the company. Q: How is AI impacting Concentrix's market position and future expectations? A: Christopher Caldwell explained that Concentrix's AI solutions, including their iX suite, are gaining traction. Clients are adopting these solutions faster than expected, and the company is seeing economic returns. The AI initiatives are expected to be accretive by the end of Q4, with continued growth without additional investment. Q: What caused the Q2 margins to be below guidance, and how will they improve? A: Christopher Caldwell noted that margins were impacted by a temporary pause in client projects due to tariffs. The company chose to hold labor, which was strategic for client relationships. Margins began improving in May, and further improvement is expected in Q3 as projects resume. Q: What is the outlook for operating margins and revenue growth in the second half? A: Andre Valentine, CFO, expressed confidence in margin improvement due to new business ramping up and additional client share gained. The company expects sequential margin improvement and is focused on achieving the higher end of their revenue guidance. Q: How is Concentrix's pricing strategy evolving with AI and automation? A: Christopher Caldwell mentioned that while there is interest in outcomes-based pricing, most deals still follow traditional transactional models. The company is focused on growing new revenue streams, such as their iX product suite, which includes discrete software-like revenue. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
