15 Successful Spin-Off Companies and Their 2025 Returns

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7. Concentrix Corporation (NASDAQ:CNXC)

Year to Date Return as of July 7: 30.85%

Number of Hedge Fund Holders: 33

Year of Spin-off: 2020

Concentrix Corporation (NASDAQ:CNXC) is one of the 15 successful spin-off companies. On June 26, the company reiterated plans to return $240 million to shareholders through dividends and share repurchases. The commitment to returning value to shareholders stems from the company delivering second-quarter 2025 results that affirmed its resilience and strategic foresight.

Revenue in the quarter increased 1.5% year over year to $2.42 billion, as Concentrix generated $200 million in adjusted free cash flow. It remains on track to achieve between $625 million and $650 million in cash flow for the year.

According to CEO Chris Caldwell, Concentrix is enjoying robust growth due to heightened client activity and positive momentum from the iX Product Suite. Consequently, third-quarter revenue is expected to be in the range of $2.45 billion and $2.47 billion. Management has also raised full-year revenue outlook growth to between 1% and 2%.

Concentrix Corporation (NASDAQ:CNXC), spun off from TD SYNNEX Corporation, is a global technology and services company that focuses on providing customer experience (CX) solutions and technology. It offers a wide range of services, including strategic thinking, technology solutions, and automation, to improve business performance.

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