Technology and Services
Search documents
XBP Global to Present at the Sidoti Year End Virtual Investor Conference
Globenewswire· 2025-12-03 13:02
Core Insights - XBP Global Holdings, Inc. will participate in Sidoti's Year End Virtual Investor Conference on December 10-11, 2025 [1] - David Shamis, VP of Investor Relations, will present on December 11, 2025, at 12:15 p.m. Eastern Time [2] - The company has a global presence in 20 countries with approximately 11,000 professionals and partners with over 2,500 clients, including many Fortune 100 companies [4] Company Overview - XBP Global is a multinational technology and services company focused on intelligent workflows and hyper-automation [4] - The company utilizes proprietary platforms and agentic AI-driven automation to facilitate digital transformations for clients [5] - XBP Global emphasizes innovation and execution excellence to help businesses reimagine their operations and unlock value [5]
11th Annual Palisades Turkey Trot Powered by XBP Global Returns Thanksgiving Morning with New 5K and 10K Course
Globenewswire· 2025-11-25 18:28
Core Points - XBP Global Holdings, Inc. is sponsoring the 11th Annual Palisades Turkey Trot on Thanksgiving Day, November 27, 2025, featuring new 5K and 10K courses [1][8] - The event supports the rebuilding of the YMCA for the Palisades-Malibu community, with XBP Global contributing a $5,000 community match that has been fully met [2] - The festivities will begin at 8:00 AM and conclude before noon, with an expected participation of over 2,000 runners [3][8] Company Involvement - XBP Global is the presenting sponsor of the event, collaborating with community partners such as Equinox and The Palisades Village [5] - The event emphasizes community spirit and resilience, particularly in light of the recent Palisades fire, with statements from the CEO highlighting the importance of maintaining traditions [4] Event Details - The Palisades Turkey Trot will feature a new 5K and 10K loop starting and finishing at the Village Green [8] - Early registration has shown overwhelming enthusiasm, indicating strong community engagement [3]
Concentrix Releases 2025 Sustainability Report – ‘The Power of One'
Globenewswire· 2025-06-30 13:05
Core Insights - Concentrix Corporation released its 2025 Sustainability Report titled "The Power of One," highlighting its progress towards 2030 ESG goals across various domains including climate action, culture, innovation, community impact, and ethical business practices [1][2] Group 1: Sustainability Strategy - The sustainability strategy is integrated into Concentrix's long-term growth plan, focusing on innovation, operational efficiency, and stakeholder trust [2] - The company emphasizes resource efficiency and risk management to enhance operational resilience and profitability [4] Group 2: Environmental Impact - Concentrix has reduced carbon emissions by 27% compared to the 2019 baseline and is on track to meet its 2030 reduction target of 50% [6] - Energy efficiency initiatives have decreased global energy consumption from 421 million kWh in 2019 to 379 million kWh in 2024, resulting in lower operating costs [6] Group 3: Community Engagement - The Think Human Fund, a non-profit supported by Concentrix, funded 69 projects across 42 countries, benefiting over 58,000 individuals in 2024 [6] Group 4: Innovation and Culture - The internal Carbon Challenge platform has engaged over 12,000 employees in reducing their carbon footprint, fostering accountability in sustainability efforts [6] - Concentrix has been recognized for its company culture and benefits, receiving accolades for Best Company Culture and Best Benefits in Wellness & Wellbeing [6]
Concentrix Reports Second Quarter 2025 Results
Globenewswire· 2025-06-26 20:10
Core Insights - Concentrix Corporation reported financial results for the fiscal second quarter ended May 31, 2025, showing a revenue increase of 1.5% year-on-year, despite a decline in net income and operating income [1][4][7]. Financial Performance - Revenue for the second quarter was $2,417.4 million, up from $2,380.7 million in the same quarter last year, reflecting a 1.5% increase [2][7]. - Operating income decreased to $148.3 million, or 6.1% of revenue, compared to $150.2 million, or 6.3% of revenue, in the prior year [2][7]. - Non-GAAP operating income was $303.7 million, down 5.4% from $321.1 million, with a margin of 12.6% compared to 13.5% in the previous year [2][7]. - Net income fell by 37% to $42.1 million from $66.8 million year-on-year [2][7]. - Non-GAAP net income was $179.6 million, a slight decrease of 1.9% from $183.1 million [2][7]. - Adjusted EBITDA was $357.3 million, down 5.9% from $379.6 million, with an adjusted EBITDA margin of 14.8% compared to 15.9% [2][7]. Shareholder Returns - The company paid a quarterly dividend of $0.33275 per share on May 6, 2025, and declared another dividend of the same amount payable on August 5, 2025 [5][6]. - Concentrix repurchased approximately 920,000 common shares for $45 million at an average cost of $49.09 per share, with a remaining share repurchase authorization of $537.3 million [6][8]. Business Outlook - The company exceeded revenue guidance for the quarter and raised its full-year growth outlook, expecting to generate $625 million to $650 million in adjusted free cash flow for fiscal 2025 [6][12]. - Concentrix anticipates returning over $240 million to shareholders through share repurchases and dividends in fiscal 2025 [6][12]. - The company expects third-quarter revenue to be between $2.445 billion and $2.470 billion, with constant currency growth of 1.0% to 2.0% [16].