Section 1: Company Overview and Fundamentals
1.1 Company Overview:
Concentrix Corporation is a global provider of technology-infused Customer Experience (CX) solutions. The Company provides end-to-end capabilities, including CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services to clients. It offers its clients integrated solutions supporting the customer lifecycle; CX and user experience (UX) strategy and design; analytics and actionable insights.
1.2 The Key Positives, Negatives, and Investment summary
1.3 Key Metrics:
CNXC over the last five years has been in an upward trending momentum in its revenues and gross profits apart from FY2020 (due to Corona virus outbreak) but post the market saw recovery and the upward trend continued showing the reliability and strength of the business. Furthermore, an increase in profitability, along with efficient use of resources with cost control measures helped the company to have an consistently increasing free cash flow trend over the last five years.
1.4 Top 10 shareholders:
The top 10 shareholders together form ~60.75% of the total shareholding, signifying concentrated shareholding. Fidelity Management & Research Company LLC and Silver Star Developments, Ltd are the biggest shareholders, holding the maximum stake in the company at ~13.63% and ~8.55%, respectively.
Section 2: Business Updates and Financial Highlights
2.1 Recent Updates:
The below picture gives an overview of the recent updates:
2.2 Insights of Q3FY22:
Section 3: Key Risks
Section 4: Stock Recommendation Summary:
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