Concentrix Corporation (CNXC) Q3 2024 Earnings Report

In the third quarter of fiscal year 2024, Concentrix Corporation (CNXC) reported revenues of $2.39 billion, reflecting a 2.6% year-over-year increase on a pro forma constant currency basis. This performance highlights the company's ongoing transformation and strategic focus on technology and innovation as clients increasingly prioritize automation and AI-driven solutions. Despite lower net income of $16.6 million, a result of increased integration costs and a deliberate shift away from low-margin, transactional business, management is optimistic about future growth opportunities and remains committed to returning value to shareholders through dividends and stock buybacks.