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Concentrix Corp

CIK: 18035991 Annual ReportLatest: 2026-01-28

10-K / January 28, 2026

Concentrix Corporation

Overview

Concentrix is a global technology and services company that delivers end-to-end customer experience (CX) and digital operations solutions for brands. It provides integrated services across the full customer lifecycle, combining strategy, operations, analytics and enterprise technology with AI-enabled capabilities.

Business model and offerings

  • CX and UX strategy and design
  • Digital operations: sales, marketing, customer service, trust and safety, finance and compliance
  • Data analytics and enterprise insights
  • Enterprise technology: platform design, modernization, integration, and security
  • AI-enabled capabilities: GenAI, agentic AI, self-service AI bots, and related platforms
  • Multi-channel engagement across voice, chat, email, social and asynchronous messaging
  • Advanced technologies including GenAI, machine learning, automation and RPA
  • Introduced the Intelligent Experience (iX) product line in 2024, including iX Hello (GenAI-powered self-service) and iX Hero (agentic AI with human-in-the-loop); announced the Agentic Operating Framework in 2025

Scale and footprint

  • Employees: approximately 455,000
  • Global delivery network: ~483 locations in 74 countries across six continents
  • Facilities: about 25.4 million square feet of space, with roughly 1.4 million square feet owned
  • Remote work: about 20% of the global team works remotely
  • Global language capabilities aligned to client needs
  • Approximately 89% of revenue generated from non-U.S. operations (FY2025)

Customers and client relationships

  • More than 2,000 client relationships worldwide
  • Serves a broad mix of industries across five primary verticals and others
  • Five largest clients represented about 19% of revenue in fiscal year 2025
  • Over 160 Fortune Global 500 clients referenced in company materials
  • Average client tenure for top 30 clients: approximately 16 years

Industry focus and verticals

Strategic verticals include:

  • Technology and consumer electronics
  • Retail, travel and e-commerce
  • Communications and media
  • Banking, financial services and insurance
  • Healthcare
  • Other

Revenue and growth

  • Revenue (FY2025): $9.8 billion
  • Historical growth from $1.1 billion in FY2014 to $9.8 billion in FY2025
  • Growth strategy based on expanding client relationships, technology innovation (including GenAI and agentic AI), and selective acquisitions

Acquisitions and geographic investment

  • Recent and notable acquisitions:
    • SAI Digital (Sept 2025)
    • Webhelp (Sept 2023)
    • ServiceSource (July 2022)
    • PK (Dec 2021)
    • Convergys Corporation (Oct 2018)
  • Acquisition focus: expand geographic footprint, digital capabilities and AI-related offerings
  • Ongoing investments in emerging markets such as India, Egypt, Brazil, Türkiye and Vietnam

Products, technology and security

  • iX suite: GenAI-powered tools for self-service and agentic AI
  • iX Hello: enterprise GenAI-powered self-service for customizable virtual assistants integrated with leading LLMs and internal data sources
  • iX Hero: agentic AI that supports human advisors with real-time coaching, ready-to-use answers, transcription and updates; includes Harmony (speech tuning) and Clarity (noise suppression)
  • Agentic Operating Framework (2025): integrates agentic AI services across readiness, strategy, language models, data management and monitoring in partnership with strategic partners and iX products
  • Certifications and governance: ISO/IEC 42001:2023 (AI Management System), ISO 31700:2023 (Privacy by Design standards), HITRUST AI requirements, PCI DSS, ISO 27001, ISO 22301, SOC 2 Type II, COPC, HITRUST CSF, and others

Regulatory and risk context

  • Operates under a broad regulatory framework covering data privacy, labor, anti-corruption, AI use, healthcare and financial services
  • Exposed to currency fluctuations due to international operations and contract structures

Governance and leadership

  • Public company with a diverse shareholder base
  • Notes concentration risk from large holders, including affiliates of Groupe Bruxelles Lambert, which hold a meaningful stake and have rights under investor arrangements that can influence board composition