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Stock impact report

Concentrix targets Q4 revenue up to $2.55B and full-year EPS of $11.23 as AI integration drives growth [Seeking Alpha]

Concentrix Corporation (CNXC) 
US:NYSE Investor Relations: ccrlp.investorroom.com
Company Research Source: Seeking Alpha
CEO Christopher Caldwell highlighted that "we exceeded our revenue guidance once again with solid year-on-year growth across the board" and emphasized Concentrix's strengthening market position, saying, "We are gaining share and securing new wins Quick Insights Revenue growth is fueled by AI-integrated solutions, the iX suite, and strength in sectors like banking and insurance, with about 40% of new wins linked to the use of AI technology platforms. Margin shortfalls are mainly due to excess capacity from tariff-impacted clients and transformation investments. Management expects sequential quarterly improvement, anticipating recovery to historical margins over several quarters. Management expects the iX suite to be breakeven to modestly accretive by year-end, with further AI adoption seen as a driver of long-term margin improvement and client retention. Recommended For You More Trending News Show less Read more
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