Aisling Grueninger's questions to Concentrix Corp (CNXC) leadership • Q4 2024
Question
Aisling Grueninger of Bank of America, on for Ruplu Bhattacharya, asked for an update on the performance and growth trends of the Catalyst digital CX business. She also inquired about the company's capital allocation priorities for fiscal 2025, particularly the balance between reinvestment, M&A, and shareholder returns.
Answer
President and CEO Christopher Caldwell stated that the Catalyst business represents about 8% of total revenue and is growing at a 'mid- to high single-digit' rate. CFO Andre Valentine detailed the capital allocation strategy, prioritizing organic growth, followed by debt paydown and shareholder returns. He noted the board refreshed the share repurchase authorization to $600 million and expects buybacks in fiscal 2025 to 'modestly exceed' the $136 million repurchased in fiscal 2024.