Concentrix Corporation

-5.52 (-3.78%)
Debt Financing / Related, Earnings Announcements

Concentrix Announces Acquisition Of ServiceSource

Published: 05/09/2022 13:48 GMT
Concentrix Corporation (CNXC) - Concentrix Announces Acquisition of Servicesource, a Global B2b Digital Sales Company.
Concentrix Corp - Deal for $1.50 per Share in an All-cash Transaction Valued at Approximately $131 Million.
Concentrix- Deal Financed Primarily Through Cash on Concentrix Balance Sheet, As Well As Capacity Under Concentrix' Existing Revolving Credit Facility.
Concentrix Corp - Expected One-time Costs Related to Transaction of Approximately $44 Million.
Concentrix Corp - Following Closing of Transaction, Concentrix Will Welcome Servicesource's Expert Team.
Concentrix-expected Accretion to Concentrix' Revenue Growth Rate, EBITDA Margin and Non-GAAP Diluted Earnings per Common Share in Year One From Deal.
Revenue is expected to be $1.58 Billion
Adjusted EPS is expected to be $2.84

Next Quarter Revenue Guidance is expected to be $1.65 Billion
Next Quarter EPS Guidance is expected to be $3.12

More details on our Analysts Page.