Concentrix Provides Update on Pending Combination with Webhelp; Schedules Release of Fiscal Third Quarter 2023 Financial Results and Webcast of Investor Conference Call
15 Septembre 2023 - 2:00PM
Concentrix, a leading global provider of customer experience (CX)
solutions and technology, today announced that it has obtained all
required regulatory approvals for its pending combination with
Webhelp and expects to close the transaction on or about September
25, 2023. The closing of the transaction remains subject to
customary closing conditions.
"Upon the close, the combination with Webhelp will create a
leading provider of customer experience solutions globally with
broad capabilities across CX digital services and technology
delivered at scale,” said Chris Caldwell, President and CEO of
Concentrix. “Our combined clients will benefit from the strategic
value of our integrated service offerings, providing a strong
platform for growth and value creation for clients, staff, and
shareholders.”
Looking ahead, Concentrix intends to announce its fiscal
third-quarter 2023 financial results on Wednesday, September 27,
2023, after the close of the market. The Company plans to host a
conference call and webcast with the investment community to
discuss the financial results that same evening on
Wednesday, September 27, 2023, at 5:00 pm, Eastern
Time.
The live conference call will be accessible via webcast in
listen-only mode on the Investor Relations section of the
Concentrix website, specifically under “Events and Presentations”
at https://ir.concentrix.com/events-and-presentations. A replay of
the conference call will be made available on the website following
the event.
About Concentrix
We’re Concentrix (Nasdaq: CNXC), a leading global provider of
customer experience (CX) solutions and technology. We Reimagine
everything CX to improve business performance for some of the
world’s best brands, and the ones that are changing the world as we
know it. Every day, we Design, Build and Run CX for over 130
Fortune Global 500 and 125 new economy clients. Whether it’s a
specific solution or the whole end-to-end journey, we’ve got it
covered. We’re the strategic thinkers who design brand-defining
experiences. The tech geeks who build smarter solutions. And the
operational experts who run it all and make it work seamlessly.
Across 40 countries and 6 continents, we provide services across
key industry verticals: technology & consumer electronics;
retail, travel & ecommerce; banking, financial services &
insurance; healthcare; communications & media; automotive; and
energy & public sector. Location: Virtually Everywhere. Visit
www.concentrix.com to learn more.
Safe Harbor Statement
This news release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements include, but are not limited to, statements regarding
the combination with Webhelp and the timing thereof, including the
satisfaction of closing conditions and the timing thereof, the
expected benefits of the combination, including the strategic value
of combined company’s integrated service offerings, statements
regarding the Company’s expected future financial condition and
results of operations, including revenue, operating income, profit
margins, effective tax rate and leverage, and statements that
include words such as believe, expect, may, will, provide, could
and should and other similar expressions. These forward-looking
statements are inherently uncertain and involve substantial risks
and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements.
Risks and uncertainties include, among other things: risks related
to the proposed transaction, including that the proposed
transaction will not be consummated; the ability to satisfy the
closing conditions to the proposed transaction; the ability to
retain key employees and successfully integrate the Webhelp
business; our ability to realize estimated cost savings, synergies
or other anticipated benefits of the proposed transaction, or that
such benefits may take longer to realize than expected; diversion
of management’s attention; the potential impact of the announcement
or consummation of the proposed transaction on relationships with
clients and other third parties; the unfavorable outcome of any
legal proceedings that may be instituted against the Company or
Webhelp; risks related to general economic conditions, including
consumer demand, interest rates, inflation, supply chains and the
effects of the conflict in Ukraine; cyberattacks on our, Webhelp’s
or our respective clients’ networks and information technology
systems; the failure of our or Webhelp’s staff and contractors to
adhere to our and our respective clients’ controls and processes;
the inability to protect personal and proprietary information; the
inability to execute on our digital CX strategy; the loss of key
personnel or the inability to attract and retain staff with the
skills and expertise needed for our business; increases in the cost
of labor; the effects of the COVID-19 pandemic and other
communicable diseases, natural disasters, adverse weather
conditions or public health crises; geopolitical, economic and
climate- or weather-related risks in regions with a significant
concentration of the our or Webhelp’s operations; the inability to
successfully identify, complete and integrate strategic
acquisitions or investments; competitive conditions in our industry
and consolidation of our competitors; higher than expected tax
liabilities; the demand for CX solutions and technology;
variability in demand by our or Webhelp’s clients or the early
termination of our or Webhelp’s client contracts; the level of
business activity of our or Webhelp’s clients and the market
acceptance and performance of their products and services; currency
exchange rate fluctuations; the operability of our or Webhelp’s
communication services and information technology systems and
networks; changes in law, regulations or regulatory guidance;
damage to our or Webhelp’s reputation through the actions or
inactions of third parties; investigative or legal actions; and
other factors contained in the Company’s Annual Report on Form 10-K
for the fiscal year ended November 30, 2022 filed with the
Securities and Exchange Commission and subsequent SEC filings. The
Company does not undertake a duty to update forward-looking
statements, which speak only as of the date on which they are
made.
Copyright 2023 Concentrix Corporation
All rights reserved. Concentrix, the Concentrix logo, and all
other Concentrix company, product and services names and slogans
are trademarks or registered trademarks of Concentrix Corporation
and its subsidiaries. Concentrix and the Concentrix logo Reg. U.S.
Pat. & Tm. Off. and applicable non-U.S. jurisdictions. Other
names and marks are the property of their respective owners.
Investor Contact:
David Stein
Investor Relations
Concentrix Corporation
+1-513-703-9306
david.stein@concentrix.com
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