Concentrix (CNXC) 10-Q6 Oct 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Aug. 31, 2023	Sep. 30, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 31, 2023
Document Transition Report	false
Entity File Number	001-39494
Entity Registrant Name	CONCENTRIX CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-1605762
Entity Address, Address Line Two	Suite 235
Entity Address, Address Line One	39899 Balentine Drive
Entity Address, City or Town	Newark
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94560
City Area Code	800
Local Phone Number	747-0583
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	CNXC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		66,601,278
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001803599
Current Fiscal Year End Date	--11-30

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 31, 2023	May 31, 2023	Nov. 30, 2022	Aug. 31, 2022	May 31, 2022	Nov. 30, 2021
Current assets:
Cash and cash equivalents	$ 2,112,792		$ 145,382
Accounts receivable, net	1,379,437		1,390,474
Other current assets	209,736		218,476
Total current assets	3,701,965		1,754,332
Property and equipment, net	406,297		403,829
Goodwill	2,897,048		2,904,402	$ 2,971,820		$ 1,813,502
Intangible assets, net	873,091		985,572
Deferred tax assets	48,109		48,541
Other assets	523,032		573,092
Total assets	8,449,542		6,669,768
Current liabilities:
Accounts payable	137,524		161,190
Current portion of long-term debt	0		0
Accrued compensation and benefits	470,351		506,966
Other accrued liabilities	398,314		395,304
Income taxes payable	39,383		68,663
Total current liabilities	1,045,572		1,132,123
Long-term debt, net	3,973,467		2,224,288
Other long-term liabilities	468,161		511,995
Deferred tax liabilities	58,820		105,458
Total liabilities	5,546,020		3,973,864
Commitments and contingencies (Note 14)
Stockholders’ equity:
Preferred stock, $0.0001 par value, 10,000 shares authorized and no shares issued and outstanding as of August 31, 2023 and November 30, 2022, respectively	0		0
Common stock, $0.0001 par value, 250,000 shares authorized; 52,058 and 51,927 shares issued as of May 31, 2022 and November 30, 2021, respectively, and 51,342 and 51,594 shares outstanding as of May 31, 2022 and November 30, 2021, respectively	5		5
Additional paid-in capital	2,471,939		2,428,313
Treasury stock, 716 and 333 shares as of May 31, 2022 and November 30, 2021, respectively	(241,852)		(190,779)
Retained earnings	975,591		774,114
Accumulated other comprehensive loss	(302,161)		(315,749)
Total stockholders’ equity	2,903,522	$ 2,854,262	2,695,904	$ 2,646,627	$ 2,723,945	$ 2,620,255
Total liabilities and stockholders’ equity	$ 8,449,542		$ 6,669,768

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	52,685,000	52,367,000
Common stock, shares outstanding (in shares)	50,915,000	51,096,000
Treasury Stock, Common, Shares	1,770,000	1,271,000
Commitments and contingencies (Note 14)
Cash and cash equivalents	2,112,792	145,382
Accounts receivable, net	1,379,437	1,390,474
Other current assets	209,736	218,476
Total current assets	3,701,965	1,754,332
Property and equipment, net	406,297	403,829
Goodwill	2,897,048	2,904,402
Total	873,091	985,572
Deferred tax assets	48,109	48,541
Other assets	523,032	573,092
Total assets	8,449,542	6,669,768
Accounts payable	137,524	161,190
Current portion of long-term debt	0	0
Accrued compensation and benefits	470,351	506,966
Other accrued liabilities	398,314	395,304
Income taxes payable	39,383	68,663
Total current liabilities	1,045,572	1,132,123
Long-term debt, net	3,973,467	2,224,288
Other long-term liabilities	468,161	511,995
Deferred tax liabilities	58,820	105,458
Total liabilities	5,546,020	3,973,864
Preferred stock, $0.0001 par value, 10,000 shares authorized and no shares issued and outstanding as of August 31, 2023 and November 30, 2022, respectively	0	0
Common stock, $0.0001 par value, 250,000 shares authorized; 52,058 and 51,927 shares issued as of May 31, 2022 and November 30, 2021, respectively, and 51,342 and 51,594 shares outstanding as of May 31, 2022 and November 30, 2021, respectively	5	5
Additional paid-in capital	2,471,939	2,428,313
Treasury stock, 716 and 333 shares as of May 31, 2022 and November 30, 2021, respectively	(241,852)	(190,779)
Retained earnings	975,591	774,114
Accumulated other comprehensive loss	(302,161)	(315,749)
Total stockholders’ equity	2,903,522	2,695,904
Total liabilities and stockholders’ equity	$ 8,449,542	$ 6,669,768

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Income Statement [Abstract]
Revenue	$ 1,632,834	$ 1,579,602	$ 4,883,944	$ 4,683,755
Cost of revenue	1,039,142	1,012,754	3,128,866	3,019,857
Gross profit	593,692	566,848	1,755,078	1,663,898
Selling, general and administrative expenses	431,425	409,303	1,274,198	1,201,696
Operating income	162,267	157,545	480,880	462,202
Interest expense and finance charges, net	49,293	20,272	130,496	42,015
Other expense (income), net	6,169	(12,086)	19,266	(22,247)
Income before income taxes	106,805	149,359	331,118	442,434
Provision for income taxes	29,170	42,235	86,763	111,738
Net income before non-controlling interest	77,635	107,124	244,355	330,696
Less: Net income attributable to non-controlling interest	0	434	0	591
Net income attributable to Concentrix Corporation	$ 77,635	$ 106,690	$ 244,355	$ 330,105
Earnings per common share:
Basic (in dollars per share)	$ 1.50	$ 2.05	$ 4.70	$ 6.32
Diluted (in dollars per share)	$ 1.49	$ 2.04	$ 4.67	$ 6.28
Weighted-average common shares outstanding:
Basic (in shares)	51,059	51,193	51,130	51,461
Diluted (in shares)	51,209	51,549	51,384	51,834

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income before non-controlling interest	$ 77,635	$ 107,124	$ 244,355	$ 330,696
Other comprehensive income (loss):
Unrealized gains (losses) of defined benefit plans, net of taxes of $(539) and $(719) for the three and nine months ended August 31, 2023, respectively, and $(51) for the three and nine months ended August 31, 2022, respectively	(1,739)	951	(1,240)	1,717
Unrealized gains (losses) on cash flow hedges during the period, net of taxes of $(422) and $(1,219) for the three and nine months ended August 31, 2023, respectively, and $10,392 and $15,779 for the three and nine months ended August 31, 2022, respectively	1,266	(30,299)	3,659	(46,003)
Reclassification of net losses on cash flow hedges to net income, net of taxes of $(821) and $(3,769) for the three and nine months ended August 31, 2023, respectively, and $(3,344) and $(4,190) for the three and nine months ended August 31, 2022, respectively	2,458	9,752	11,309	12,217
Total change in unrealized gains (losses) on cash flow hedges, net of taxes	3,724	(20,547)	14,968	(33,786)
Foreign currency translation, net of taxes of $0 for the three and nine months ended August 31, 2023 and 2022, respectively	(1,137)	(113,863)	(140)	(182,697)
Other comprehensive income (loss)	848	(133,459)	13,588	(214,766)
Comprehensive income (loss)	78,483	(26,335)	257,943	115,930
Less: Comprehensive income attributable to non-controlling interest	0	434	0	591
Comprehensive income (loss) attributable to Concentrix Corporation	$ 78,483	$ (26,769)	$ 257,943	$ 115,339

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Statement of Comprehensive Income [Abstract]
Change in unrealized losses of defined benefit plans, tax	$ (539)		$ (719)	$ (51)
Unrealized gains (losses) on cash flow hedges, tax	422	$ (10,392)	1,219	(15,779)
Reclassification of net loss on cash flow hedges to net income, tax	(821)	(3,344)	(3,769)	(4,190)
Foreign currency translation gain (loss), tax	$ 0	$ 0	$ 0	$ 0

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)	Treasury Stock, Common	Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, shares outstanding (in shares)		51,594,000				333,000
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests	$ 0
Beginning Balance at Nov. 30, 2021	2,620,255	$ 5	$ 2,355,767	$ 392,495	$ (70,526)	$ (57,486)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(214,766)				(214,766)
Share-based compensation activity (in shares)		(578,000)
Share-based compensation activity	44,285		44,285
Repurchase of common stock for tax withholdings on equity awards (in shares)						18,000
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	(3,098)					$ (3,098)
Repurchase of common stock (in shares)						726,000
Treasury Stock, Value, Acquired, Par Value Method	(106,836)					$ (106,836)
Dividends	(39,134)			(39,134)
Net income attributable to Concentrix Corporation	330,105			330,105
Ending Balance at Aug. 31, 2022	2,646,627	$ 5	2,415,868	683,466	(285,292)	$ (167,420)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity awards issued as acquisition purchase consideration	15,725		15,725
Acquisition of non-controlling interest in subsidiary	2,000
Less: Net income attributable to non-controlling interest	591
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	91		91				$ (2,591)
Common stock, shares outstanding (in shares)		51,342,000				716,000
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests	2,157
Beginning Balance at May. 31, 2022	2,723,945	$ 5	2,404,281	589,740	(151,833)	$ (118,248)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(133,459)				(133,459)
Share-based compensation activity (in shares)		(326,000)
Share-based compensation activity	11,496		11,496
Repurchase of common stock for tax withholdings on equity awards (in shares)						2,000
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	(186)					$ (186)
Repurchase of common stock (in shares)						359,000
Treasury Stock, Value, Acquired, Par Value Method	(48,986)					$ (48,986)
Dividends	(12,964)			(12,964)
Net income attributable to Concentrix Corporation	106,690			106,690
Ending Balance at Aug. 31, 2022	2,646,627	$ 5	2,415,868	683,466	(285,292)	$ (167,420)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Less: Net income attributable to non-controlling interest	434
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	91		91				$ (2,591)
Common stock, shares outstanding (in shares)		51,016,000				1,077,000
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests	$ 0
Common stock, shares outstanding (in shares)	51,096,000	52,367,000				1,271,000
Beginning Balance at Nov. 30, 2022	$ 2,695,904	$ 5	2,428,313	774,114	(315,749)	$ (190,779)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	13,588				13,588
Share-based compensation activity (in shares)		318,000
Share-based compensation activity	43,626		43,626
Repurchase of common stock for tax withholdings on equity awards (in shares)						68,000
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	(9,132)					$ (9,132)
Repurchase of common stock (in shares)						431,000
Treasury Stock, Value, Acquired, Par Value Method	(41,941)					$ (41,941)
Dividends	(42,878)			(42,878)
Net income attributable to Concentrix Corporation	244,355			244,355
Ending Balance at Aug. 31, 2023	2,903,522	$ 5	2,471,939	975,591	(302,161)	$ (241,852)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Less: Net income attributable to non-controlling interest	0
Common stock, shares outstanding (in shares)		52,619,000				1,441,000
Beginning Balance at May. 31, 2023	2,854,262	$ 5	2,459,234	912,204	(303,009)	$ (214,172)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	848				848
Share-based compensation activity (in shares)		66,000
Share-based compensation activity	12,705		12,705
Repurchase of common stock for tax withholdings on equity awards (in shares)						9,000
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	(680)					$ (680)
Repurchase of common stock (in shares)						320,000
Treasury Stock, Value, Acquired, Par Value Method	(27,000)					$ (27,000)
Dividends	(14,248)			(14,248)
Net income attributable to Concentrix Corporation	77,635			77,635
Ending Balance at Aug. 31, 2023	2,903,522	$ 5	$ 2,471,939	$ 975,591	$ (302,161)	$ (241,852)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Less: Net income attributable to non-controlling interest	$ 0
Common stock, shares outstanding (in shares)	50,915,000	52,685,000				1,770,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Cash flows from operating activities:
Net income before non-controlling interest	$ 244,355	$ 330,696
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	114,632	110,108
Amortization	118,196	121,025
Non-cash share-based compensation expense	38,383	37,404
Provision for doubtful accounts	7,687	3,389
Deferred income taxes	(43,683)	(4,374)
Unrealized foreign exchange loss	0	914
Unrealized loss on call options	14,493	0
Pension and other post-retirement benefit costs	8,060	7,978
Pension and other post-retirement plan contributions	(5,615)	(5,308)
Other	667	325
Changes in operating assets and liabilities:
Accounts receivable, net	(5,138)	(23,546)
Accounts payable	(22,073)	(23,463)
Other operating assets and liabilities	(21,220)	(190,107)
Net cash provided by operating activities	448,744	365,041
Cash flows from investing activities:
Purchases of property and equipment	(115,717)	(97,276)
Acquisition of business, net of cash and restricted cash acquired	0	(1,705,447)
Other investments	0	(1,000)
Net cash used in investing activities	(115,717)	(1,803,723)
Cash flows from financing activities:
Proceeds from the Prior Credit Facility - Term Loan	0	2,100,000
Proceeds from the Securitization Facility	1,092,500	1,451,000
Repayments of the Securitization Facility	(1,449,000)	(1,116,000)
Proceeds from Issuance of Senior Long-Term Debt	2,136,987	0
Cash paid for debt issuance costs	(30,519)	(9,331)
Payments for Repurchase of Redeemable Noncontrolling Interest	0	(2,500)
Proceeds from exercise of stock options	5,243	6,881
Repurchase of common stock for tax withholdings on equity awards	(9,132)	(3,098)
Repurchase of common stock	(41,941)	(106,836)
Dividends paid	(42,878)	(39,134)
Net cash provided by financing activities	1,636,260	1,455,982
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(2,715)	(21,809)
Net increase (decrease) in cash, cash equivalents and restricted cash	1,966,572	(4,509)
Cash, cash equivalents and restricted cash at beginning of year	157,463	183,010
Cash, cash equivalents and restricted cash at end of period	2,124,035	178,501
Supplemental disclosure of non-cash investing activities:
Accrued costs for property and equipment purchases	18,814	6,348
Term Loan
Cash flows from financing activities:
Repayments of the original credit facility - original term loan	0	(700,000)
Prior Credit Facility - Term Loan
Cash flows from financing activities:
Repayments of the original credit facility - original term loan	$ (25,000)	$ (125,000)

BACKGROUND AND BASIS OF PRESENT

BACKGROUND AND BASIS OF PRESENTATION	9 Months Ended
BACKGROUND AND BASIS OF PRESENTATION	Aug. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BACKGROUND AND BASIS OF PRESENTATION	BACKGROUND AND BASIS OF PRESENTATION: Background Concentrix Corporation, which operates under the trade name Concentrix + Webhelp (“Concentrix + Webhelp” or the “Company”), is a leading global provider of Customer Experience (“CX”) solutions and technology that help iconic and disruptive brands drive deep understanding, full lifecycle engagement, and differentiated experiences for their end-customers around the world. The Company provides end-to-end capabilities, including CX process optimization, technology innovation and design engineering, front- and back-office automation, analytics and business transformation services to clients in five primary industry verticals. The Company’s primary verticals are technology and consumer electronics, retail, travel and e-commerce, communications and media, banking, financial services and insurance, and healthcare. Basis of presentation The accompanying interim unaudited consolidated financial statements have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). The amounts as of November 30, 2022 have been derived from the Company’s annual audited financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2022. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States have been condensed or omitted in accordance with such rules and regulations. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to state fairly the financial position of the Company and its results of operations and cash flows as of and for the periods presented. These interim consolidated financial statements should be read in conjunction with the annual audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2022. All intercompany balances and transactions have been eliminated in consolidation. Reclassifications Certain amounts in the consolidated financial statements related to the prior years have been reclassified to conform to the current year’s presentation.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Aug. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: For a discussion of the Company’s significant accounting policies, refer to the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2022. Recently adopted accounting pronouncements are discussed below. Concentration of credit risk For the three and nine months ended August 31, 2023 and 2022, no client accounted for more than 10% of the Company’s consolidated revenue. As of August 31, 2023, no client comprised more than 10% of the Company’s total accounts receivable balance. As of November 30, 2022, one client comprised 12.4% of the Company’s total accounts receivable balance. Recently adopted accounting pronouncements In December 2019, the Financial Accounting Standards Board (the “FASB”) issued new guidance that simplified the accounting for income taxes. The guidance was effective for annual reporting periods beginning after December 15, 2020, and interim periods within those reporting periods. This standard became effective for the Company in fiscal year 2022 and did not have a material impact on the consolidated financial statements.

ACQUISITION

ACQUISITION	9 Months Ended
ACQUISITION	Aug. 31, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITION	NOTE 3—ACQUISITIONS: PK Acquisition Background On December 27, 2021, the Company completed its acquisition of PK, a leading CX design engineering company with more than 5,000 staff in four countries. PK creates pioneering experiences that accelerate digital outcomes for their clients’ customers, partners and staff. The acquisition of PK expanded the Company’s scale in the digital IT services market and supported the Company’s growth strategy of investing in digital transformation to deliver exceptional customer experiences. The addition of the PK staff and technology to the Company’s team further strengthened its capabilities in CX design and development, artificial intelligence (“AI”), intelligent automation, and customer loyalty. Purchase price consideration The total purchase price consideration, net of cash and restricted cash acquired, for the acquisition of PK was $1,573.3 million, which was funded by proceeds from the Company’s term loan under its prior senior secured credit facility (the “Prior Credit Facility”) and additional borrowings under its accounts receivable securitization facility (the “Securitization Facility”). See Note 8 — Borrowings for a further discussion of the Company’s term loan, senior credit facility and the Securitization Facility. The purchase price consideration to acquire PK consisted of the following: Cash consideration for PK stock (1) $ 1,177,342 Cash consideration for PK vested equity awards (2) 246,229 Cash consideration for repayment of PK debt, including accrued interest (3) 148,492 Cash consideration for transaction expenses of PK (4) 22,842 Total cash consideration 1,594,905 Non-cash equity consideration for conversion of PK equity awards (5) 15,725 Total consideration transferred 1,610,630 Less: Cash and restricted cash acquired (6) 37,310 Total purchase price consideration $ 1,573,320 (1) Represents the cash consideration paid for the outstanding shares of PK common stock, which includes the final settlement of the merger consideration adjustment paid pursuant to the merger agreement. (2) Represents the cash consideration paid for certain vested PK stock option awards and restricted stock awards. (3) Represents the cash consideration paid to retire PK’s outstanding third-party debt, including accrued interest. (4) Represents the cash consideration paid for expenses incurred by PK in connection with the merger and paid by Concentrix pursuant to the merger agreement. These expenses primarily related to third-party consulting services. (5) Represents the issuance of vested Concentrix stock options that were issued in conversion of certain vested PK stock options that were assumed by Concentrix pursuant to the merger agreement. (6) Represents the PK cash and restricted cash balance acquired at the acquisition. Purchase price allocation The acquisition was accounted for as a business combination in accordance with Accounting Standards Codification Topic 805, Business Combinations . The purchase price was allocated to the assets acquired, liabilities assumed and non-controlling interest based on management’s estimate of the respective fair values at the date of acquisition. Goodwill was calculated as the excess of the consideration transferred over the net assets recognized and represents the estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The factors contributing to the recognition of goodwill were the assembled workforce, comprehensive service portfolio delivery capabilities and strategic benefits that are expected to be realized from the acquisition. None of the goodwill is deductible for income tax purposes. The following table summarizes the final fair values of the assets acquired, liabilities assumed and non-controlling interest as of the acquisition date: As of December 27, 2021 Assets acquired: Cash and cash equivalents $ 30,798 Accounts receivable 85,367 Property and equipment 11,158 Operating lease right-of-use assets 12,288 Identifiable intangible assets 469,300 Goodwill 1,119,068 Other assets 26,449 Total assets acquired 1,754,428 Liabilities assumed and non-controlling interest: Accounts payable and accrued liabilities 78,092 Operating lease liabilities 12,288 Deferred tax liabilities 51,418 Non-controlling interest 2,000 Total liabilities assumed and non-controlling interest 143,798 Total consideration transferred $ 1,610,630 The purchase price allocation includes $469,300 of acquired identifiable intangible assets, all of which have finite lives. The fair value of the identifiable intangible assets has been estimated by using the income approach through a discounted cash flow analysis of certain cash flow projections. The cash flow projections are based on forecasts used by the Company to price the PK acquisition, and the discount rates applied were benchmarked by referencing the implied rate of return of the Company’s pricing model and the weighted average cost of capital. The intangible assets are being amortized over their estimated useful lives on either a straight-line basis or an accelerated method that reflects the economic benefit of the asset. The determination of the useful lives is based upon various industry studies, historical acquisition experience, economic factors, and future forecasted cash flows of the Company following the acquisition of PK. The amounts allocated to intangible assets are as follows: Gross Carrying Amount Weighted-Average Useful Life Amortization Method Customer relationships $ 398,600 15 years Accelerated Technology 63,500 5 years Straight-line Trade name 5,000 3 years Straight-line Non-compete agreements 2,200 3 years Straight-line Total $ 469,300 Supplemental Pro Forma Information The supplemental pro forma financial information presented below is for illustrative purposes only, does not include the pro forma adjustments that would be required under Regulation S-X for pro forma financial information, is not necessarily indicative of the financial position or results of operations that would have been realized if the PK acquisition had been completed on December 1, 2020, does not reflect synergies that might have been achieved, nor is it indicative of future operating results or financial position. The pro forma adjustments are based upon currently available information and certain assumptions that the Company believes are reasonable under the circumstances. The supplemental pro forma financial information reflects pro forma adjustments to present the combined pro forma results of operations as if the PK acquisition had occurred on December 1, 2020 to give effect to certain events that the Company believes to be directly attributable to the acquisition. These pro forma adjustments primarily include: • An increase in amortization expense that would have been recognized due to acquired identifiable intangible assets. • An adjustment to interest expense to reflect the additional borrowings of Concentrix under the Prior Credit Facility and the repayment of PK’s historical debt in conjunction with the acquisition. • The related income tax effects of the adjustments noted above. The supplemental pro forma financial information for the prior period nine months ended August 31, 2022 is as follows: Nine Months Ended August 31, 2022 Revenue $ 4,716,716 Net income 327,701 ServiceSource Acquisition Background On July 20, 2022, the Company completed its acquisition of ServiceSource International, Inc. (“ServiceSource”), a global outsourced go-to-market services provider, delivering business-to-business (“B2B”) digital sales and customer success solutions that complemented Concentrix’ offerings in this area. Purchase price consideration The total purchase price consideration, net of cash acquired, for the acquisition of ServiceSource was $141.5 million, which was primarily funded by cash on the Company’s balance sheet, as well as borrowings under the Company’s Securitization Facility. The purchase price consideration to acquire ServiceSource consisted of the following: Cash consideration for ServiceSource stock (1) $ 150,392 Cash consideration for ServiceSource vested and unvested equity awards (2) 6,704 Cash consideration for repayment of ServiceSource debt, including accrued interest (3) 10,063 Total consideration transferred 167,159 Less: Cash and restricted cash acquired (4) 25,652 Total purchase price consideration $ 141,507 (1) Represents the cash consideration paid for the outstanding shares of ServiceSource common stock. (2) Represents the cash consideration paid or to be paid for vested and unvested ServiceSource stock option awards, restricted stock units and performance stock units. (3) Represents the cash consideration paid to retire ServiceSource’s outstanding third-party debt, including accrued interest. (4) Represents the ServiceSource cash and restricted cash balance acquired at the acquisition. Purchase price allocation The purchase price was allocated to the assets acquired and liabilities assumed based on management’s estimate of the respective fair values at the date of acquisition. Goodwill was calculated as the excess of the consideration transferred over the net assets recognized and represents the estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The factors contributing to the recognition of goodwill were the assembled workforce, high-value service delivery capabilities and strategic benefits that are expected to be realized from the acquisition. None of the goodwill is deductible for income tax purposes. The following table summarizes the final fair values of the assets acquired and liabilities assumed as of the acquisition date: As of July 20, 2022 Assets acquired: Cash and cash equivalents $ 24,355 Accounts receivable 40,097 Property and equipment 8,112 Operating lease right-of-use assets 29,487 Identifiable intangible assets 40,200 Goodwill 34,910 Net deferred tax assets 32,701 Other assets 19,649 Total assets acquired 229,511 Liabilities assumed: Accounts payable and accrued liabilities 32,865 Operating lease liabilities 29,487 Total liabilities assumed 62,352 Total consideration transferred $ 167,159 The purchase price allocation includes $40,200 of acquired identifiable intangible assets, all of which have finite lives. The fair value of the identifiable intangible assets has been estimated using the income approach through a discounted cash flow analysis of certain cash flow projections. The intangible assets are being amortized over their estimated useful lives on either a straight-line basis or an accelerated method that reflects the economic benefit of the asset. The determination of the useful lives is based upon various industry studies, historical acquisition experience, economic factors, and future forecasted cash flows of the Company following the acquisition of ServiceSource. During the measurement period included in the three months ended August 31, 2023, measurement period adjustments were recorded to finalize net deferred tax assets at the acquired value as disclosed in the table above, resulting in a corresponding decrease to goodwill. The purchase price allocation is now final. The amounts allocated to intangible assets are as follows: Gross Carrying Amount Weighted-Average Useful Life Amortization Method Customer relationships $ 31,370 15 years Accelerated Technology 5,640 5 years Straight-line Trade name 3,190 3 years Straight-line Total $ 40,200 Webhelp Combination On September 25, 2023, the Company completed its acquisition (the “Webhelp Combination”) of all of the issued and outstanding capital stock (the “Shares”) of Marnix Lux SA, a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg (“Webhelp Parent”) and the parent company of the Webhelp business (“Webhelp”), from the holders thereof (the “Sellers”). The Webhelp Combination was completed pursuant to the terms and conditions of the Share Purchase and Contribution Agreement, dated as of June 12, 2023, as amended by the First Amendment to the Share Purchase and Contribution Agreement, dated as of July 14, 2023 (the “SPA”) by and among Concentrix, OSYRIS S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg and a direct wholly owned subsidiary of Concentrix Corporation (“Purchaser”), Webhelp Parent, the Sellers, and certain representatives of the Sellers. Webhelp is a leading provider of CX solutions, including sales, marketing, and payment services, with significant operations and client relationships in Europe, Latin America, and Africa. Following the closing of the Webhelp Combination, the Company will operate under the trade name “Concentrix + Webhelp” while it finalizes its permanent name. The aggregate consideration for the acquisition of the Shares was approximately $4 billion and consisted of the following: • €500,000 in cash, subject to adjustment as set forth in the SPA (the “Closing Cash Payment”); • a promissory note issued by Concentrix Corporation in the aggregate principal amount of €700,000 to certain Sellers, with a term of two years and bearing interest at a rate of 2% per annum on the unpaid principal outstanding from time to time; • 14,862 shares of common stock, par value $0.0001 per share, of Concentrix Corporation (the “Concentrix common stock”); and • the repayment of approximately $1.6 billion of indebtedness, net of Webhelp cash on hand. In addition, the Company granted Sellers the contingent right to earn an additional 750 shares of Concentrix common stock (the “Earnout Shares”) if certain conditions set forth in the SPA occur, including the share price of Concentrix common stock reaching $170.00 per share within seven years from the closing of the Webhelp Combination (the “Closing Date”) (based on daily volume weighted average prices measured over a specified period). Prior to the Closing Date, Concentrix and certain Sellers entered into stock restriction agreements (the “Stock Restriction Agreements”), pursuant to which such Sellers (the “Restricted Stock Participants”) agreed to contribute in kind to the Company, and the Company agreed to receive, certain of the Restricted Stock Participants’ Shares in exchange for the issuance of shares of Concentrix common stock with certain restrictions thereon (the “Restricted Shares”) in lieu of such Sellers’ right to a portion of the Earnout Shares. On the Closing Date, the Company issued approximately 80 Restricted Shares in exchange for certain of the Restricted Stock Participants’ Shares. The Restricted Shares are non-transferable and non-assignable and are not entitled to any dividends or distributions unless and until the restrictions lapse, as set forth in the Stock Restriction Agreements. The Restricted Shares will be automatically cancelled by the Company for no consideration in the event that the restrictions on the Restricted Shares do not lapse. The Restricted Stock Participants have waived any and all rights as a holder of Restricted Shares to vote on any matter submitted to the holders of Common Stock. Immediately after the closing of the Webhelp Combination, there were approximately 66.6 million shares of Concentrix common stock outstanding, with Concentrix’ stockholders prior to the Wehbhelp Combination holding approximately 77.6% of such outstanding shares, and the Sellers holding approximately 22.4% of such shares. Given the short period of time from the Closing Date to the filing of this Quarterly Report on Form 10-Q, the Company is in the process of compiling the initial accounting for the Webhelp Combination, including the determination of the fair values of tangible assets acquired and liabilities assumed, the valuation of intangible assets acquired, income and non-income based taxes, residual goodwill and the amount of goodwill that will be deductible for tax purposes. Acquisition-related and integration expenses

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
SHARE-BASED COMPENSATION	Aug. 31, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION: The Company recognizes share-based compensation expense for all share-based awards made to employees and directors, including employee stock options, restricted stock awards, restricted stock units and performance-based restricted stock units based on estimated fair values. In January 2023, the Company granted 53 restricted stock awards and restricted stock units and 52 performance-based restricted stock units under the Concentrix Stock Incentive Plan, which included annual awards to the Company’s senior executive team. The restricted stock awards and restricted stock units had a weighted average grant date fair value of $138.79 per share and vest over a service period of four years. The performance-based restricted stock units will vest, if at all, upon the achievement of certain annual financial targets during the three-year period ending November 30, 2025. The performance-based restricted stock units had a grant date weighted average fair value of $136.19 per share. The Company recorded share-based compensation expense in the consolidated statements of operations for the three and nine months ended August 31, 2023 and 2022 as follows: Three Months Ended Nine Months Ended August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Total share-based compensation $ 10,740 $ 9,862 $ 38,683 $ 37,678 Tax benefit recorded in the provision for income taxes (2,685) (2,505) (9,671) (9,569) Effect on net income $ 8,055 $ 7,357 $ 29,012 $ 28,109

BALANCE SHEET COMPONENTS

BALANCE SHEET COMPONENTS	9 Months Ended
BALANCE SHEET COMPONENTS	Aug. 31, 2023
Balance Sheet Related Disclosures [Abstract]
BALANCE SHEET COMPONENTS	BALANCE SHEET COMPONENTS: Cash, cash equivalents and restricted cash: The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows: As of August 31, 2023 November 30, 2022 Cash and cash equivalents $ 2,112,792 $ 145,382 Restricted cash included in other current assets 11,243 12,081 Cash, cash equivalents and restricted cash $ 2,124,035 $ 157,463 Restricted cash balances relate primarily to funds held for clients, restrictions placed on cash deposits by banks as collateral for the issuance of bank guarantees and the terms of a government grant, and letters of credit for leases. As of August 31, 2023, the Company held approximately $1,889,000 of proceeds from the senior notes issued on August 2, 2023 (see Note 8 for further details) in money market funds that were classified as cash and cash equivalents on the balance sheet. As described in Note 3, the Company used the balance of these funds in connection with the completion of the Webhelp Combination. Accounts receivable, net: Accounts receivable, net is comprised of the following as of August 31, 2023 and November 30, 2022: As of August 31, 2023 November 30, 2022 Billed accounts receivable $ 795,096 $ 782,049 Unbilled accounts receivable 595,186 613,222 Less: Allowance for doubtful accounts (10,845) (4,797) Accounts receivable, net $ 1,379,437 $ 1,390,474 Allowance for doubtful trade receivables: Presented below is a progression of the allowance for doubtful trade receivables: Three Months Ended Nine Months Ended August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Balance at beginning of period $ 8,774 $ 6,994 $ 4,797 $ 5,421 Net additions (reductions) 2,857 (1,033) 7,687 3,389 Write-offs and reclassifications (786) (825) (1,639) (3,674) Balance at end of period $ 10,845 $ 5,136 $ 10,845 $ 5,136 Property and equipment, net: The following table summarizes the carrying amounts and related accumulated depreciation for property and equipment as of August 31, 2023 and November 30, 2022: As of August 31, 2023 November 30, 2022 Land $ 27,193 $ 27,336 Equipment, computers and software 595,366 542,209 Furniture and fixtures 90,810 89,167 Buildings, building improvements and leasehold improvements 406,117 362,218 Construction-in-progress 2,785 14,975 Total property and equipment, gross $ 1,122,271 $ 1,035,905 Less: Accumulated depreciation (715,974) (632,076) Property and equipment, net $ 406,297 $ 403,829 Shown below are the countries where 10% or more of the Company’s property and equipment, net are located as of August 31, 2023 and November 30, 2022: As of August 31, 2023 November 30, 2022 Property and equipment, net: United States $ 121,392 $ 123,184 Philippines 72,887 76,361 India 44,442 42,698 Others 167,576 161,586 Total $ 406,297 $ 403,829 Goodwill: The following table summarizes the changes in the Company’s goodwill for the nine months ended August 31, 2023 and 2022: Nine Months Ended August 31, 2023 August 31, 2022 Balance at beginning of period $ 2,904,402 $ 1,813,502 Acquisitions — 1,195,039 Acquisition measurement period adjustments (10,592) — Foreign exchange translation 3,238 (36,721) Balance at end of period $ 2,897,048 $ 2,971,820 Intangible assets, net: The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of August 31, 2023 and November 30, 2022: As of August 31, 2023 As of November 30, 2022 Gross amounts Accumulated amortization Net amounts Gross amounts Accumulated amortization Net amounts Customer relationships $ 1,745,849 $ (925,036) $ 820,813 $ 1,731,610 $ (811,727) $ 919,883 Technology 79,695 (32,601) 47,094 79,728 (21,820) 57,908 Trade names 14,461 (10,247) 4,214 14,552 (8,291) 6,261 Non-compete agreements 2,200 (1,230) 970 2,200 (680) 1,520 $ 1,842,205 $ (969,114) $ 873,091 $ 1,828,090 $ (842,518) $ 985,572 Estimated future amortization expense of the Company’s intangible assets is as follows: Fiscal years ending November 30, 2023 (remaining three months) $ 39,426 2024 146,580 2025 134,443 2026 117,877 2027 87,559 Thereafter 347,206 Total $ 873,091 Accumulated other comprehensive income (loss): The components of accumulated other comprehensive income (loss) (“AOCI”), net of taxes, were as follows: Three Months Ended August 31, 2023 and 2022 Unrecognized gains (losses) on defined benefit plan, net of taxes Unrealized gains (losses) on cash flow hedges, net of taxes Foreign currency translation adjustments, net of taxes Total Balances at May 31, 2022 $ (21,979) $ (14,642) $ (115,212) $ (151,833) Other comprehensive income (loss) before reclassification 951 (30,299) (113,863) (143,211) Reclassification of gains from other comprehensive income (loss) — 9,752 — 9,752 Balances at August 31, 2022 $ (21,028) $ (35,189) $ (229,075) $ (285,292) Balances at May 31, 2023 $ (7,972) $ (8,670) $ (286,367) $ (303,009) Other comprehensive income (loss) before reclassification (1,739) 1,266 (1,137) (1,610) Reclassification of gains from other comprehensive income (loss) — 2,458 — 2,458 Balances at August 31, 2023 $ (9,711) $ (4,946) $ (287,504) $ (302,161) Nine Months Ended August 31, 2023 and 2022 Unrecognized gains (losses) on defined benefit plan, net of taxes Unrealized gains (losses) on cash flow hedges, net of taxes Foreign currency translation adjustments, net of taxes Total Balances at November 30, 2021 $ (22,745) $ (1,403) $ (46,378) $ (70,526) Other comprehensive income (loss) before reclassification 1,717 (46,003) (182,697) (226,983) Reclassification of gains from other comprehensive income (loss) — 12,217 — 12,217 Balances at August 31, 2022 $ (21,028) $ (35,189) $ (229,075) $ (285,292) Balances at November 30, 2022 $ (8,471) $ (19,914) $ (287,364) $ (315,749) Other comprehensive income (loss) before reclassification (1,240) 3,659 (140) 2,279 Reclassification of gains from other comprehensive income (loss) — 11,309 — 11,309 Balances at August 31, 2023 $ (9,711) $ (4,946) $ (287,504) $ (302,161)

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
DERIVATIVE INSTRUMENTS	Aug. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS: In the ordinary course of business, the Company is exposed to foreign currency risk and credit risk. The Company enters into transactions, and owns monetary assets and liabilities, that are denominated in currencies other than the legal entity’s functional currency. The Company may enter into forward contracts, option contracts, or other derivative instruments to offset a portion of the risk on expected future cash flows, earnings, net investments in certain non-U.S. legal entities and certain existing assets and liabilities. However, the Company may choose not to hedge certain exposures for a variety of reasons including, but not limited to, accounting considerations and the economic cost of hedging particular exposures. There can be no assurance the hedges will offset more than a portion of the financial impact resulting from movements in foreign currency exchange or interest rates. Generally, the Company does not use derivative instruments to cover equity risk and credit risk. The Company’s hedging program is not used for trading or speculative purposes. All derivatives are recognized on the consolidated balance sheets at their fair values. Changes in the fair value of derivatives are recorded in the consolidated statements of operations, or as a component of AOCI in the consolidated balance sheets, as discussed below. Cash Flow Hedges To protect gross margins from fluctuations in foreign currency exchange rates, certain of the Company’s legal entities with functional currencies that are not U.S. dollars may hedge a portion of forecasted revenue or costs not denominated in the entities’ functional currencies. These instruments mature at various dates through August 2025. Gains and losses on cash flow hedges are recorded in AOCI until the hedged item is recognized in earnings. Deferred gains and losses associated with cash flow hedges of foreign currency revenue are recognized as a component of “Revenue” in the same period as the related revenue is recognized, and deferred gains and losses related to cash flow hedges of foreign currency costs are recognized as a component of “Cost of revenue” or “Selling, general and administrative expenses” in the same period as the related costs are recognized. Derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period. Deferred gains and losses in AOCI associated with such derivative instruments are reclassified into earnings in the period of de-designation. Any subsequent changes in fair value of such derivative instruments are recorded in earnings unless they are re-designated as hedges of other transactions. Non-Designated Derivatives The Company uses short-term forward contracts to offset the foreign exchange risk of assets and liabilities denominated in currencies other than the functional currencies of the Company’s legal entities that own the assets or liabilities. These contracts, which are not designated as hedging instruments, mature or settle within twelve months. Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in the financial statement line item to which the derivative relates. During the second quarter of 2023, the Company entered into short-term foreign exchange forward call option contracts to offset the foreign exchange risk associated with the cash payment required in euros upon closing of the Webhelp Combination. These derivatives are not designated as hedging instruments and are adjusted to fair value through earnings and included in other expense (income), net in the consolidated statement of operations. Fair Values of Derivative Instruments in the Consolidated Balance Sheets The fair values of the Company’s derivative instruments are disclosed in Note 7—Fair Value Measurements and summarized in the table below: Value as of Balance Sheet Line Item August 31, 2023 November 30, 2022 Derivative instruments not designated as hedging instruments: Foreign exchange forward contracts (notional value) $ 1,478,168 $ 1,465,853 Other current assets 4,461 22,839 Other accrued liabilities 16,035 14,934 Foreign exchange call options contracts (notional value) $ 2,012,475 $ — Other current assets 136 — Derivative instruments designated as cash flow hedges: Foreign exchange forward contracts (notional value) $ 995,422 $ 963,844 Other current assets and other assets 6,774 6,389 Other accrued liabilities and other long-term liabilities 13,366 32,935 Volume of activity The notional amounts of foreign exchange forward contracts represent the gross amounts of foreign currency, including, principally, the Philippine peso, the Indian rupee, the euro, the British pound, the Canadian dollar, the Japanese yen and the Australian dollar, that will be bought or sold at maturity. The notional amounts for outstanding derivative instruments provide one measure of the transaction volume outstanding and do not represent the amount of the Company’s exposure to credit or market loss. The Company’s exposure to credit loss and market risk will vary over time as currency exchange rates change. The Effect of Derivative Instruments on AOCI and the Consolidated Statements of Operations The following table shows the gains and losses, before taxes, of the Company’s derivative instruments designated as cash flow hedges and not designated as hedging instruments in other comprehensive income (“OCI”), and the consolidated statements of operations for the periods presented: Three Months Ended Nine Months Ended Locations of gain (loss) in statement of operations August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Derivative instruments designated as cash flow hedges Gains (losses) recognized in OCI: Foreign exchange forward contracts $ 1,688 $ (40,691) $ 4,878 $ (61,782) Losses reclassified from AOCI into income: Foreign exchange forward contracts Loss reclassified from AOCI into income Cost of revenue for services $ (2,457) $ (9,909) $ (11,179) $ (12,920) Loss reclassified from AOCI into income Selling, general and administrative expenses (822) (3,187) (3,899) (3,487) Total $ (3,279) $ (13,096) $ (15,078) $ (16,407) Derivative instruments not designated as hedging instruments: Loss recognized from foreign exchange forward contracts, net (1) Other expense (income), net $ (2,170) $ (39,367) $ (7,005) $ (56,527) Loss recognized from foreign exchange call options contracts, net Other expense (income), net (2,064) — (14,493) — Total $ (4,234) $ (39,367) $ (21,498) $ (56,527) (1) The gains and losses largely offset the currency gains and losses that resulted from changes in the assets and liabilities denominated in nonfunctional currencies. There were no material gain or loss amounts excluded from the assessment of effectiveness. Existing net losses in AOCI that are expected to be reclassified into earnings in the normal course of business within the next twelve months are $5,183. Offsetting of Derivatives In the consolidated balance sheets, the Company does not offset derivative assets against liabilities in master netting arrangements.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
FAIR VALUE MEASUREMENTS	Aug. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS: The Company’s fair value measurements are classified and disclosed in one of the following three categories: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). The following table summarizes the valuation of the Company’s investments and financial instruments that are measured at fair value on a recurring basis: As of August 31, 2023 As of November 30, 2022 Fair value measurement category Fair value measurement category Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets measured at fair value: Cash equivalents $ 2,028,565 $ 2,028,565 $ — $ — $ 89,932 $ 89,932 $ — $ — Foreign government bond 1,811 1,811 — — 1,529 1,529 — — Forward foreign currency exchange contracts 11,235 — 11,235 — 29,228 — 29,228 — Foreign currency call options contracts 136 — 136 — — — — — Liabilities measured at fair value: Forward foreign currency exchange contracts 29,401 — 29,401 — 47,869 — 47,869 — Liabilities measured at other than fair value: Long term debt (senior notes) Fair value 2,110,841 2,110,841 — — — — — — Carrying amount 2,130,982 — — — — — — — The Company’s cash equivalents consist primarily of highly liquid investments in money market funds and term deposits with maturity periods of three months or less. The carrying values of cash equivalents approximate fair value since they are near their maturity. Investment in foreign government bond classified as an available-for-sale debt security is recorded at fair value based on quoted market prices. The fair values of forward exchange contracts are measured based on the foreign currency spot and forward rates. Fair values of long-term foreign currency exchange contracts are measured using valuations based upon quoted prices for similar assets and liabilities in active markets and are valued by reference to similar financial instruments, adjusted for terms specific to the contracts. The fair value of the foreign exchange forward call options contracts is measured using market standard option models and foreign currency spot rates. The effect of nonperformance risk on the fair value of derivative instruments was not material as of August 31, 2023 and November 30, 2022. The carrying values of term deposits with maturities less than one year, accounts receivable and accounts payable approximate fair value due to their short maturities and interest rates that are variable in nature. The carrying values of the outstanding balance on the term loan under the Company’s senior credit facility and the outstanding balance on the Securitization Facility approximate their fair values since they bear interest rates that are similar to existing market rates. The fair values of the 2026 Notes, 2028 Notes, and 2033 Notes (as defined in Note 8) were based on quoted prices in active markets and are classified within Level 1 of the fair value hierarchy. The Company does not adjust the quoted market prices for such financial instruments.

BORROWINGS

BORROWINGS	9 Months Ended
BORROWINGS	Aug. 31, 2023
Debt Disclosure [Abstract]
BORROWINGS	NOTE 8—BORROWINGS: Borrowings consist of the following: As of August 31, 2023 November 30, 2022 6.650% Senior Notes due 2026 $ 800,000 $ — 6.600% Senior Notes due 2028 800,000 — 6.850% Senior Notes due 2033 550,000 — Credit Facility - Term Loan component 1,850,000 1,875,000 Securitization Facility — 356,500 Long-term debt, before unamortized debt discount and issuance costs 4,000,000 2,231,500 Less: unamortized debt discount and issuance costs (26,533) (7,212) Long-term debt, net $ 3,973,467 $ 2,224,288 Senior Notes On August 2, 2023, the Company issued and sold (i) $800,000 aggregate principal amount of 6.650% Senior Notes due 2026 (the “2026 Notes”), (ii) $800,000 aggregate principal amount of 6.600% Senior Notes due 2028 (the “2028 Notes”) and (iii) $550,000 aggregate principal amount of 6.850% Senior Notes due 2033 (the “2033 Notes” and, together with the 2026 Notes and 2028 Notes, the “Senior Notes”). The Senior Notes were sold in a registered public offering pursuant to the Company’s Registration Statement on Form S-3, which became effective upon filing, and a Prospectus Supplement dated July 19, 2023, to a Prospectus dated July 17, 2023. The Senior Notes were issued pursuant to, and are governed by, an indenture, dated as of August 2, 2023 (the “Base Indenture”), between Concentrix and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), as supplemented by a first supplemental indenture dated as of August 2, 2023 between Concentrix and the Trustee relating to the 2026 Notes, a second supplemental indenture dated as of August 2, 2023 between Concentrix and the Trustee relating to the 2028 Notes, and a third supplemental indenture dated as of August 2, 2023 between Concentrix and the Trustee relating to the 2033 Notes (such supplemental indentures, together with the Base Indenture, the “Indenture”). The Indenture contains customary covenants and restrictions, including covenants that limit Concentrix Corporation’s and certain of its subsidiaries’ ability to create or incur liens on shares of stock of certain subsidiaries or on principal properties, engage in sale/leaseback transactions or, with respect to Concentrix Corporation, consolidate or merge with, or sell or lease substantially all its assets to, another person. The Indenture also provides for customary events of default. The Company used the net proceeds of the offering and sale of the Senior Notes, together with approximately $294.7 million of delayed draw borrowings under its $2.1447 billion senior unsecured term loan facility and cash on hand, to pay the cash portion of the Webhelp Combination consideration, repay approximately €1.80 billion of existing indebtedness of Webhelp Parent and its subsidiaries, and pay related fees and expenses in connection with the Webhelp Combination. The remaining proceeds will be used for general corporate purposes of the Company. The Company incurred debt discount and issuance costs of approximately $19,300 associated with the Senior Notes during the nine months ended August 31, 2023, which are being amortized over the applicable maturity dates. In connection with the closing of the Webhelp Combination, the Company entered into cross-currency swap arrangements for a total notional amount of $500,000 of the Senior Notes. In addition to aligning the currency of a portion of the interest payments to the Company’s euro-denominated cash flows, the arrangements effectively converted $250,000 of each of the 2026 Notes and 2028 Notes into synthetic fixed Euro-based debt at weighted average interest rates of 5.12% and 5.18%, respectively. Bridge Facility and Restated Credit Facility To provide the debt financing required by the Company to consummate the Webhelp Combination, the Company entered into a commitment letter dated March 29, 2023 (the “Bridge Commitment Letter,” and the commitments pursuant to the Bridge Commitment Letter, the “Bridge Facility”), under which certain financing institutions committed to provide a 364-day bridge loan facility in an aggregate principal amount of $5,290,000 consisting of (i) a $1,850,000 tranche of term bridge loans (the “Term Loan Amendment Tranche”), (ii) a $1,000,000 tranche of revolving commitments (the “Revolver Amendment Tranche”) and (iii) a $2,440,000 tranche of term bridge loans (the “Acquisition Tranche”), each subject to the satisfaction of certain customary closing conditions, including the consummation of the Webhelp Combination. The incurrence of the acquisition-related indebtedness that would be funded by the Acquisition Tranche of the Bridge Facility (or permanent financing in lieu thereof) and by the Sellers’ Note was not permitted under the Prior Credit Facility. Therefore, on April 21, 2023, the Company entered into an Amendment and Restatement Agreement (the “Amendment Agreement”) with the lenders party thereto, JPMorgan Chase and Bank of America, N.A. to amend and restate the Prior Credit Facility (as amended and restated, the “Restated Credit Facility”). As a result of having entered into the Amendment Agreement, among other things, the Company obtained requisite lender consent to incur acquisition-related indebtedness, and pursuant to the terms of the Bridge Commitment Letter, the commitments with respect to the Term Loan Amendment Tranche and the Revolver Amendment Tranche of the Bridge Facility were each reduced to zero, and the Acquisition Tranche was reduced by approximately $294,702. On August 2, 2023, the remaining outstanding commitment of approximately $2.15 billion under the Bridge Commitment Letter was reduced to zero in connection with the issuance of the Senior Notes previously described. The Restated Credit Facility provides for the extension of a senior unsecured revolving credit facility not to exceed an aggregate principal amount of $1,042,500. The Restated Credit Facility also provides for a senior unsecured term loan facility in an aggregate principal amount not to exceed approximately $2,144,700, of which $1,850,000 was outstanding as of August 31, 2023 and approximately $294,702 was drawn on a delayed draw basis on the Closing Date (the “Delayed Draw Term Loans”). Aggregate borrowing capacity under the Restated Credit Facility may be increased by up to an additional $500,000 by increasing the amount of the revolving credit facility or by incurring additional term loans, in each case subject to the satisfaction of certain conditions set forth in the Restated Credit Facility, including the receipt of additional commitments for such increase. In September 2023, the Company prepaid $69,700 of the principal balance on the term loan facility, without penalty, resulting in an outstanding balance of approximately $2,075,000. The maturity date of the Restated Credit Facility remains December 27, 2026, subject, in the case of the revolving credit facility, to two one-year extensions upon the Company’s prior notice to the lenders and the agreement of the lenders to extend such maturity date. The outstanding principal amount of the term loans is payable in quarterly installments in an amount equal to 1.25% of the existing principal balance, plus the Delayed Draw Term Loans advanced on the closing date of the Webhelp Combination, commencing on December 31, 2024, with the outstanding principal amount of the term loans due in full on the maturity date. Borrowings under the Restated Credit Facility bear interest, in the case of SOFR rate loans, at a per annum rate equal to the applicable SOFR rate (but not less than 0.0%), plus an applicable margin, which ranges from 1.125% to 2.000%, based on the credit ratings of the Company’s senior unsecured non-credit enhanced long-term indebtedness for borrowed money plus a credit spread adjustment to the SOFR rate of 0.10%. Borrowings under the Restated Credit Facility that are base rate loans bear interest at a per annum rate (but not less than 1.0%) equal to (i) the greatest of (A) the Prime Rate (as defined in the Restated Credit Facility) in effect on such day, (B) the NYFRB Rate (as defined in the Restated Credit Facility) in effect on such day plus ½ of 1.0%, and (C) the adjusted one-month term SOFR rate plus 1.0% per annum, plus (ii) an applicable margin, which ranges from 0.125% to 1.000%, based on the credit ratings of the Company’s senior unsecured non-credit enhanced long-term indebtedness for borrowed money. The Restated Credit Facility contains certain loan covenants that are customary for credit facilities of this type and that restrict the ability of Concentrix Corporation and its subsidiaries to take certain actions, including the creation of liens, mergers or consolidations, changes to the nature of their business, and, solely with respect to subsidiaries of Concentrix Corporation, incurrence of indebtedness. In addition, the Restated Credit Facility contains financial covenants that require the Company to maintain at the end of each fiscal quarter, (i) a consolidated leverage ratio (as defined in the Restated Credit Facility) not to exceed 3.75 to 1.0 (or for certain periods following certain qualified acquisitions, including the Webhelp Combination, 4.25 to 1.0) and (ii) a consolidated interest coverage ratio (as defined in the Restated Credit Facility) equal to or greater than 3.00 to 1.0. The Restated Credit Facility also contains various customary events of default, including payment defaults, defaults under certain other indebtedness, and a change of control of Concentrix Corporation. None of Concentrix’ subsidiaries guarantees the obligations under the Restated Credit Facility. Prior to entering into the Amendment Agreement, obligations under the Company’s Prior Credit Facility were secured by substantially all of the assets of Concentrix Corporation and certain of its U.S. subsidiaries and were guaranteed by certain of its U.S. subsidiaries. Borrowings under the Prior Credit Facility bore interest, in the case of term or daily SOFR loans, at a per annum rate equal to the applicable SOFR rate (but not less than 0.0%), plus an adjustment of between 0.10% and 0.25% depending on the interest period of each SOFR loan, plus an applicable margin, which ranged from 1.25% to 2.00%, based on the Company’s consolidated leverage ratio. Borrowings under the Prior Credit Facility that were base rate loans bore interest at a per annum rate equal to (i) the greatest of (a) the Federal Funds Rate in effect on such day plus ½ of 1.00%, (b) the rate of interest last publicly announced by Bank of America as its “prime rate” and (c) the term SOFR rate plus 1.00%, plus (ii) an applicable margin, which ranged from 0.25% to 1.00%, based on the Company’s consolidated leverage ratio. From August 31, 2022 through the date of the Amendment Agreement, the outstanding principal of the term loans under the Prior Credit Facility was payable in quarterly installments of $26,250. At August 31, 2023 and November 30, 2022, no amounts were outstanding under the Company’s revolving credit facility. During the nine months ended August 31, 2023, the Company paid $25,000 of voluntary principal prepayments, without penalty, on the term loans under the Prior Credit Facility. The Company paid a total of $4,613 and $21,617 in Bridge Facility financing fees during the three and nine months ended August 31, 2023, respectively. The full amount of the Bridge Facility financing fees of $21,617 was expensed during the nine months ended August 31, 2023, which included $10,687 in the three months ended August 31, 2023. In the nine months ended August 31, 2023, the Company paid $3,369 in debt amendment fees related to the Restated Credit Facility. The debt amendment fees that were capitalized are being amortized over the remaining life of the Restated Credit Facility. Securitization Facility On July 6, 2022, the Company entered into an amendment to the Securitization Facility, which was initially entered into on October 30, 2020, to (i) increase the commitment of the lenders to provide available borrowings from up to $350,000 to up to $500,000, (ii) extend the termination date of the Securitization Facility from October 28, 2022 to July 5, 2024, and (iii) replace LIBOR with SOFR as one of the reference rates used to calculate interest on borrowings under the Securitization Facility. In addition, the interest rate margins were amended, such that borrowings under the Securitization Facility that are funded through the issuance of commercial paper bear interest at the applicable commercial paper rate plus a spread of 0.70% and, otherwise, at a per annum rate equal to the applicable SOFR rate (which includes a SOFR related adjustment of 0.10%), plus a spread of 0.80%. Under the Securitization Facility, Concentrix Corporation and certain of its subsidiaries (the “Originators”) sell or otherwise transfer all of their accounts receivable to a special purpose bankruptcy-remote subsidiary of the Company (the “Borrower”) that grants a security interest in the receivables to the lenders in exchange for available borrowings of up to $500,000. The amount received under the Securitization Facility is recorded as debt on the Company’s consolidated balance sheets. Borrowing availability under the Securitization Facility may be limited by the Company’s accounts receivable balances, changes in the credit ratings of the clients comprising the receivables, client concentration levels in the receivables, and certain characteristics of the accounts receivable being transferred (including factors tracking performance of the accounts receivable over time). The Securitization Facility contains various affirmative and negative covenants, including a consolidated leverage ratio covenant that is consistent with the Restated Credit Facility and customary events of default, including payment defaults, defaults under certain other indebtedness, a change in control of Concentrix Corporation, and certain events negatively affecting the overall credit quality of the transferred accounts receivable. The Borrower’s sole business consists of the purchase or acceptance through capital contributions of the receivables and related security from the Originators and the subsequent retransfer of or granting of a security interest in such receivables and related security to the administrative agent under the Securitization Facility for the benefit of the lenders. The Borrower is a separate legal entity with its own separate creditors who will be entitled, upon its liquidation, to be satisfied out of the Borrower’s assets prior to any assets or value in the Borrower becoming available to the Borrower’s equity holders, and the assets of the Borrower are not available to pay creditors of the Company and its subsidiaries. Sellers’ Note On September 25, 2023, as part of the consideration for the Webhelp Combination, Concentrix Corporation issued a promissory note in the aggregate principal amount of €700,000 (the “Sellers’ Note”) to certain Sellers (the “Noteholders”). Pursuant to the Sellers’ Note, the unpaid principal amount outstanding will accrue interest from time to time at a rate of two percent (2%) per annum, and all principal and accrued interest will be due and payable on September 25, 2025. Covenant compliance As of August 31, 2023 and November 30, 2022, Concentrix was in compliance with all covenants for the above arrangements.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
EARNINGS PER SHARE	Aug. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE: Basic and diluted earnings per common share ( “ EPS ” ) are computed using the two-class method, which is an earnings allocation formula that determines EPS for each class of common stock and participating security. The Company’s restricted stock awards are considered participating securities because they are legally issued at the grant date and holders have a non-forfeitable right to receive dividends. Three Months Ended Nine Months Ended August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Basic earnings per common share: Net income $ 77,635 $ 106,690 $ 244,355 $ 330,105 Less: net income allocated to participating securities (1) (1,286) (1,582) (4,198) (4,850) Net income attributable to common stockholders $ 76,349 $ 105,108 $ 240,157 $ 325,255 Weighted-average number of common shares - basic 51,059 51,193 51,130 51,461 Basic earnings per common share $ 1.50 $ 2.05 $ 4.70 $ 6.32 Diluted earnings per common share: Net income $ 77,635 $ 106,690 $ 244,355 $ 330,105 Less: net income allocated to participating securities (1) (1,282) (1,571) (4,178) (4,816) Net income attributable to common stockholders $ 76,353 $ 105,119 $ 240,177 $ 325,289 Weighted-average number of common shares - basic 51,059 51,193 51,130 51,461 Effect of dilutive securities: Stock options and restricted stock units 150 356 254 373 Weighted-average number of common shares - diluted 51,209 51,549 51,384 51,834 Diluted earnings per common share $ 1.49 $ 2.04 $ 4.67 $ 6.28 (1) Restricted stock awards granted to employees by the Company are considered participating securities.

REVENUE

REVENUE	9 Months Ended
REVENUE	Aug. 31, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE: Disaggregated revenue In the following table, the Company’s revenue is disaggregated by primary industry verticals: Three Months Ended Nine Months Ended August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Industry vertical: Technology and consumer electronics $ 528,281 $ 500,595 $ 1,549,093 $ 1,437,548 Retail, travel and ecommerce 322,394 299,595 935,850 879,537 Communications and media 252,497 274,424 767,278 808,884 Banking, financial services and insurance 246,771 234,844 768,388 733,673 Healthcare 167,428 143,085 509,960 441,473 Other 115,463 127,059 353,375 382,640 Total $ 1,632,834 $ 1,579,602 $ 4,883,944 $ 4,683,755

PENSION AND EMPLOYEE BENEFITS P

PENSION AND EMPLOYEE BENEFITS PLANS	9 Months Ended
PENSION AND EMPLOYEE BENEFITS PLANS	Aug. 31, 2023
Retirement Benefits [Abstract]
PENSION AND EMPLOYEE BENEFITS PLANS	PENSION AND EMPLOYEE BENEFITS PLANS: The Company has a 401(k) plan in the United States under which eligible employees may contribute up to the maximum amount as provided by law. Employees become eligible to participate in the 401(k) plan on the first day of the month after their employment date. The Company may make discretionary contributions under the plan. Employees in most of the Company’s non-U.S. legal entities are covered by government mandated defined contribution plans. During the three and nine months ended August 31, 2023, the Company contributed $22,945 and $67,470, respectively, to defined contribution plans. During the three and nine months ended August 31, 2022, the Company contributed $20,211 and $62,726, respectively, to defined contribution plans. Defined Benefit Plans The Company has defined benefit pension and retirement plans for eligible employees of certain non-U.S. legal entities. For eligible employees in the United States, the Company maintains a frozen defined benefit pension plan (“the cash balance plan”), which includes both a qualified and non-qualified portion. The pension benefit formula for the cash balance plan is determined by a combination of compensation, age-based credits and annual guaranteed interest credits. The qualified portion of the cash balance plan has been funded through contributions made to a trust fund. The Company maintains funded or unfunded defined benefit pension or retirement plans for certain eligible employees in the Philippines, Malaysia, India, and France. Benefits under these plans are primarily based on years of service and compensation during the years immediately preceding retirement or termination of participation in the plans.

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Aug. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES: Income taxes consist of current and deferred tax expense resulting from income earned in domestic and international jurisdictions. The effective tax rates for the three and nine months ended August 31, 2023 and 2022 were impacted by the geographic mix of worldwide income and certain discrete items.The liability for unrecognized tax benefits was $87,276 and $78,501 at August 31, 2023 and November 30, 2022, respectively, and is included in other long-term liabilities in the consolidated balance sheets. As of August 31, 2023 and November 30, 2022, the total amount of unrecognized tax benefits that would affect income tax expense if recognized in the consolidated financial statements was $47,016 and $40,793, respectively. This amount includes net interest and penalties of $8,961 and $7,538 for the respective periods. The Company believes that it is reasonably possible that the total amount of unrecognized tax benefits could decrease between approximately $34,538 and $37,465 in the next twelve months; however, actual developments in this area could differ from those currently expected.

LEASES

LEASES	9 Months Ended
LEASES	Aug. 31, 2023
Leases [Abstract]
LEASES	LEASES: The Company leases certain of its facilities and equipment under operating lease agreements, which expire in various periods through 2035. The Company’s finance leases are not material. The following table presents the various components of operating lease costs: Three Months Ended Nine Months Ended August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Operating lease cost $ 51,966 $ 49,627 $ 155,401 $ 150,167 Short-term lease cost 4,521 4,743 14,412 14,266 Variable lease cost 12,446 11,929 36,826 35,147 Sublease income (1,503) (709) (4,371) (2,136) Total operating lease cost $ 67,430 $ 65,590 $ 202,268 $ 197,444 The following table presents a maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next five fiscal years and thereafter as of August 31, 2023: Fiscal Years Ending November 30, 2023 (remaining three months) $ 50,159 2024 179,323 2025 129,966 2026 72,893 2027 35,378 Thereafter 32,020 Total payments 499,739 Less: imputed interest* 44,296 Total present value of lease payments $ 455,443 *Imputed interest represents the difference between undiscounted cash flows and discounted cash flows. The following amounts were recorded in the consolidated balance sheets related to the Company’s operating leases: As of August 31, 2023 November 30, 2022 Operating lease ROU assets Other assets, net $ 425,746 $ 473,039 Current operating lease liabilities Other accrued liabilities 165,349 158,801 Non-current operating lease liabilities Other long-term liabilities 290,094 340,673 The following table presents supplemental cash flow information related to the Company’s operating leases. Cash payments related to variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below: Nine Months Ended August 31, 2023 August 31, 2022 Cash paid for amounts included in the measurement of lease liabilities $ 159,460 $ 147,579 Non-cash ROU assets obtained in exchange for lease liabilities 86,273 150,492 The weighted-average remaining lease term and discount rate as of August 31, 2023 and November 30, 2022 were as follows: As of August 31, 2023 November 30, 2022 Weighted-average remaining lease term (years) 3.44 3.72 Weighted-average discount rate 5.51 % 5.24 %

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Aug. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES: From time to time, the Company receives notices from third parties, including customers and suppliers, seeking indemnification, payment of money or other actions in connection with claims made against them. Also, from time to time, the Company has been involved in various bankruptcy preference actions where the Company was a supplier to the companies now in bankruptcy. In addition, the Company is subject to various other claims, both asserted and unasserted, that arise in the ordinary course of business. The Company evaluates these claims and records the related liabilities. It is possible that the liabilities ultimately incurred by the Company could differ from the amounts recorded. Under the separation and distribution agreement with TD SYNNEX Corporation (“TD SYNNEX”), the Company agreed to indemnify TD SYNNEX, each of its subsidiaries and each of their respective directors, officers and employees from and against all liabilities allocated to the Company under the separation and distribution agreement, which are generally those liabilities that relate to the Company’s CX business, whether incurred prior to or after the spin-off. Under the tax matters agreement with TD SYNNEX, if the spin-off fails to qualify for tax-free treatment, the Company is generally required to indemnify TD SYNNEX for any taxes resulting from the spin-off (and related costs and other damages) to the extent such amounts result from (1) an acquisition of all or a portion of the Company’s equity securities or assets by any means, (2) any action or failure to act by the Company after the distribution affecting the voting rights of the Company’s stock, (3) other actions or failures to act by the Company, or (4) certain breaches of the Company’s agreements and representations in the tax matters agreement. The Company’s indemnification obligations to TD SYNNEX and its subsidiaries, officers, directors and employees are not limited by any maximum amount.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
STOCKHOLDERS' EQUITY	Aug. 31, 2023
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 15—STOCKHOLDERS’ EQUITY: Share repurchase program In September 2021, the Company’s board of directors authorized the Company to purchase up to $500,000 of the Company’s outstanding shares of common stock from time to time as market and business conditions warrant, including through open market purchases or Rule 10b5-1 trading plans. The repurchase program has no termination date and may be suspended or discontinued at any time. During the three and nine months ended August 31, 2023, the Company repurchased 320 and 431 shares, respectively, of its common stock for an aggregate purchase price of $27,000 and $41,941, respectively. During the three and nine months ended August 31, 2022, the Company repurchased 359 and 726 shares, respectively, of its common stock for an aggregate purchase price of $48,986 and $106,836, respectively. The share repurchases were made on the open market and the shares repurchased by the Company are held in treasury for general corporate purposes. At August 31, 2023, approximately $312,144 remained available for share repurchases under the existing authorization from the Company’s board of directors. During September 2023, the Company repurchased 95 shares of its common stock for an aggregate purchase price of $7,062. Dividends During fiscal years 2023 and 2022, the Company has paid the following dividends per share approved by the Company’s board of directors: Announcement Date Record Date Per Share Dividend Amount Payment Date January 18, 2022 January 28, 2022 $0.25 February 8, 2022 March 29, 2022 April 29, 2022 $0.25 May 10, 2022 June 27, 2022 July 29, 2022 $0.25 August 9, 2022 September 28, 2022 October 28, 2022 $0.275 November 8, 2022 January 19, 2023 January 30, 2023 $0.275 February 10, 2023 March 29, 2023 April 28, 2023 $0.275 May 9, 2023 June 28, 2023 July 28, 2023 $0.275 August 8, 2023 On September 27, 2023, the Company announced a cash dividend of $0.3025 per share to stockholders of record as of October 27, 2023, payable on November 7, 2023.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Aug. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Policies)	9 Months Ended
	Aug. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reclassifications	Reclassifications Certain amounts in the consolidated financial statements related to the prior years have been reclassified to conform to the current year’s presentation.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Aug. 31, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying interim unaudited consolidated financial statements have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). The amounts as of November 30, 2022 have been derived from the Company’s annual audited financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2022. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States have been condensed or omitted in accordance with such rules and regulations. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to state fairly the financial position of the Company and its results of operations and cash flows as of and for the periods presented. These interim consolidated financial statements should be read in conjunction with the annual audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2022. All intercompany balances and transactions have been eliminated in consolidation.
Concentration of credit risk	Concentration of credit risk For the three and nine months ended August 31, 2023 and 2022, no client accounted for more than 10% of the Company’s consolidated revenue.
Recently adopted accounting pronouncements and Recently issued accounting pronouncements	Recently adopted accounting pronouncements In December 2019, the Financial Accounting Standards Board (the “FASB”) issued new guidance that simplified the accounting for income taxes. The guidance was effective for annual reporting periods beginning after December 15, 2020, and interim periods within those reporting periods. This standard became effective for the Company in fiscal year 2022 and did not have a material impact on the consolidated financial statements.

ACQUISITION (Tables)

ACQUISITION (Tables)	9 Months Ended
ACQUISITION (Tables)	Aug. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions by Acquisition, Contingent Consideration	The purchase price consideration to acquire PK consisted of the following: Cash consideration for PK stock (1) $ 1,177,342 Cash consideration for PK vested equity awards (2) 246,229 Cash consideration for repayment of PK debt, including accrued interest (3) 148,492 Cash consideration for transaction expenses of PK (4) 22,842 Total cash consideration 1,594,905 Non-cash equity consideration for conversion of PK equity awards (5) 15,725 Total consideration transferred 1,610,630 Less: Cash and restricted cash acquired (6) 37,310 Total purchase price consideration $ 1,573,320 (1) Represents the cash consideration paid for the outstanding shares of PK common stock, which includes the final settlement of the merger consideration adjustment paid pursuant to the merger agreement. (2) Represents the cash consideration paid for certain vested PK stock option awards and restricted stock awards. (3) Represents the cash consideration paid to retire PK’s outstanding third-party debt, including accrued interest. (4) Represents the cash consideration paid for expenses incurred by PK in connection with the merger and paid by Concentrix pursuant to the merger agreement. These expenses primarily related to third-party consulting services. (5) Represents the issuance of vested Concentrix stock options that were issued in conversion of certain vested PK stock options that were assumed by Concentrix pursuant to the merger agreement. (6) Represents the PK cash and restricted cash balance acquired at the acquisition. The purchase price consideration to acquire ServiceSource consisted of the following: Cash consideration for ServiceSource stock (1) $ 150,392 Cash consideration for ServiceSource vested and unvested equity awards (2) 6,704 Cash consideration for repayment of ServiceSource debt, including accrued interest (3) 10,063 Total consideration transferred 167,159 Less: Cash and restricted cash acquired (4) 25,652 Total purchase price consideration $ 141,507 (1) Represents the cash consideration paid for the outstanding shares of ServiceSource common stock. (2) Represents the cash consideration paid or to be paid for vested and unvested ServiceSource stock option awards, restricted stock units and performance stock units. (3) Represents the cash consideration paid to retire ServiceSource’s outstanding third-party debt, including accrued interest. (4) Represents the ServiceSource cash and restricted cash balance acquired at the acquisition.
Schedule of Business Acquisitions	The following table summarizes the final fair values of the assets acquired, liabilities assumed and non-controlling interest as of the acquisition date: As of December 27, 2021 Assets acquired: Cash and cash equivalents $ 30,798 Accounts receivable 85,367 Property and equipment 11,158 Operating lease right-of-use assets 12,288 Identifiable intangible assets 469,300 Goodwill 1,119,068 Other assets 26,449 Total assets acquired 1,754,428 Liabilities assumed and non-controlling interest: Accounts payable and accrued liabilities 78,092 Operating lease liabilities 12,288 Deferred tax liabilities 51,418 Non-controlling interest 2,000 Total liabilities assumed and non-controlling interest 143,798 Total consideration transferred $ 1,610,630 The following table summarizes the final fair values of the assets acquired and liabilities assumed as of the acquisition date: As of July 20, 2022 Assets acquired: Cash and cash equivalents $ 24,355 Accounts receivable 40,097 Property and equipment 8,112 Operating lease right-of-use assets 29,487 Identifiable intangible assets 40,200 Goodwill 34,910 Net deferred tax assets 32,701 Other assets 19,649 Total assets acquired 229,511 Liabilities assumed: Accounts payable and accrued liabilities 32,865 Operating lease liabilities 29,487 Total liabilities assumed 62,352 Total consideration transferred $ 167,159
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	The amounts allocated to intangible assets are as follows: Gross Carrying Amount Weighted-Average Useful Life Amortization Method Customer relationships $ 398,600 15 years Accelerated Technology 63,500 5 years Straight-line Trade name 5,000 3 years Straight-line Non-compete agreements 2,200 3 years Straight-line Total $ 469,300 The amounts allocated to intangible assets are as follows: Gross Carrying Amount Weighted-Average Useful Life Amortization Method Customer relationships $ 31,370 15 years Accelerated Technology 5,640 5 years Straight-line Trade name 3,190 3 years Straight-line Total $ 40,200
Business Acquisition, Pro Forma Information	The supplemental pro forma financial information for the prior period nine months ended August 31, 2022 is as follows: Nine Months Ended August 31, 2022 Revenue $ 4,716,716 Net income 327,701

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
SHARE-BASED COMPENSATION (Tables)	Aug. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation Expense	The Company recorded share-based compensation expense in the consolidated statements of operations for the three and nine months ended August 31, 2023 and 2022 as follows: Three Months Ended Nine Months Ended August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Total share-based compensation $ 10,740 $ 9,862 $ 38,683 $ 37,678 Tax benefit recorded in the provision for income taxes (2,685) (2,505) (9,671) (9,569) Effect on net income $ 8,055 $ 7,357 $ 29,012 $ 28,109

BALANCE SHEET COMPONENTS (Table

BALANCE SHEET COMPONENTS (Tables)	9 Months Ended
BALANCE SHEET COMPONENTS (Tables)	Aug. 31, 2023
Balance Sheet Related Disclosures [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows: As of August 31, 2023 November 30, 2022 Cash and cash equivalents $ 2,112,792 $ 145,382 Restricted cash included in other current assets 11,243 12,081 Cash, cash equivalents and restricted cash $ 2,124,035 $ 157,463
Schedule of Restricted Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows: As of August 31, 2023 November 30, 2022 Cash and cash equivalents $ 2,112,792 $ 145,382 Restricted cash included in other current assets 11,243 12,081 Cash, cash equivalents and restricted cash $ 2,124,035 $ 157,463
Schedule of Accounts Receivable	Accounts receivable, net is comprised of the following as of August 31, 2023 and November 30, 2022: As of August 31, 2023 November 30, 2022 Billed accounts receivable $ 795,096 $ 782,049 Unbilled accounts receivable 595,186 613,222 Less: Allowance for doubtful accounts (10,845) (4,797) Accounts receivable, net $ 1,379,437 $ 1,390,474
Schedule of Allowance for Doubtful Trade Receivables	Presented below is a progression of the allowance for doubtful trade receivables: Three Months Ended Nine Months Ended August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Balance at beginning of period $ 8,774 $ 6,994 $ 4,797 $ 5,421 Net additions (reductions) 2,857 (1,033) 7,687 3,389 Write-offs and reclassifications (786) (825) (1,639) (3,674) Balance at end of period $ 10,845 $ 5,136 $ 10,845 $ 5,136
Property, Plant and Equipment	The following table summarizes the carrying amounts and related accumulated depreciation for property and equipment as of August 31, 2023 and November 30, 2022: As of August 31, 2023 November 30, 2022 Land $ 27,193 $ 27,336 Equipment, computers and software 595,366 542,209 Furniture and fixtures 90,810 89,167 Buildings, building improvements and leasehold improvements 406,117 362,218 Construction-in-progress 2,785 14,975 Total property and equipment, gross $ 1,122,271 $ 1,035,905 Less: Accumulated depreciation (715,974) (632,076) Property and equipment, net $ 406,297 $ 403,829 Shown below are the countries where 10% or more of the Company’s property and equipment, net are located as of August 31, 2023 and November 30, 2022: As of August 31, 2023 November 30, 2022 Property and equipment, net: United States $ 121,392 $ 123,184 Philippines 72,887 76,361 India 44,442 42,698 Others 167,576 161,586 Total $ 406,297 $ 403,829
Schedule of Goodwill	The following table summarizes the changes in the Company’s goodwill for the nine months ended August 31, 2023 and 2022: Nine Months Ended August 31, 2023 August 31, 2022 Balance at beginning of period $ 2,904,402 $ 1,813,502 Acquisitions — 1,195,039 Acquisition measurement period adjustments (10,592) — Foreign exchange translation 3,238 (36,721) Balance at end of period $ 2,897,048 $ 2,971,820
Schedule of Intangible Assets	The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of August 31, 2023 and November 30, 2022: As of August 31, 2023 As of November 30, 2022 Gross amounts Accumulated amortization Net amounts Gross amounts Accumulated amortization Net amounts Customer relationships $ 1,745,849 $ (925,036) $ 820,813 $ 1,731,610 $ (811,727) $ 919,883 Technology 79,695 (32,601) 47,094 79,728 (21,820) 57,908 Trade names 14,461 (10,247) 4,214 14,552 (8,291) 6,261 Non-compete agreements 2,200 (1,230) 970 2,200 (680) 1,520 $ 1,842,205 $ (969,114) $ 873,091 $ 1,828,090 $ (842,518) $ 985,572
Schedule of Intangible Assets, Future Amortization Expense	Estimated future amortization expense of the Company’s intangible assets is as follows: Fiscal years ending November 30, 2023 (remaining three months) $ 39,426 2024 146,580 2025 134,443 2026 117,877 2027 87,559 Thereafter 347,206 Total $ 873,091
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income (loss) (“AOCI”), net of taxes, were as follows: Three Months Ended August 31, 2023 and 2022 Unrecognized gains (losses) on defined benefit plan, net of taxes Unrealized gains (losses) on cash flow hedges, net of taxes Foreign currency translation adjustments, net of taxes Total Balances at May 31, 2022 $ (21,979) $ (14,642) $ (115,212) $ (151,833) Other comprehensive income (loss) before reclassification 951 (30,299) (113,863) (143,211) Reclassification of gains from other comprehensive income (loss) — 9,752 — 9,752 Balances at August 31, 2022 $ (21,028) $ (35,189) $ (229,075) $ (285,292) Balances at May 31, 2023 $ (7,972) $ (8,670) $ (286,367) $ (303,009) Other comprehensive income (loss) before reclassification (1,739) 1,266 (1,137) (1,610) Reclassification of gains from other comprehensive income (loss) — 2,458 — 2,458 Balances at August 31, 2023 $ (9,711) $ (4,946) $ (287,504) $ (302,161) Nine Months Ended August 31, 2023 and 2022 Unrecognized gains (losses) on defined benefit plan, net of taxes Unrealized gains (losses) on cash flow hedges, net of taxes Foreign currency translation adjustments, net of taxes Total Balances at November 30, 2021 $ (22,745) $ (1,403) $ (46,378) $ (70,526) Other comprehensive income (loss) before reclassification 1,717 (46,003) (182,697) (226,983) Reclassification of gains from other comprehensive income (loss) — 12,217 — 12,217 Balances at August 31, 2022 $ (21,028) $ (35,189) $ (229,075) $ (285,292) Balances at November 30, 2022 $ (8,471) $ (19,914) $ (287,364) $ (315,749) Other comprehensive income (loss) before reclassification (1,240) 3,659 (140) 2,279 Reclassification of gains from other comprehensive income (loss) — 11,309 — 11,309 Balances at August 31, 2023 $ (9,711) $ (4,946) $ (287,504) $ (302,161)

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
DERIVATIVE INSTRUMENTS (Tables)	Aug. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair values of the Company’s derivative instruments are disclosed in Note 7—Fair Value Measurements and summarized in the table below: Value as of Balance Sheet Line Item August 31, 2023 November 30, 2022 Derivative instruments not designated as hedging instruments: Foreign exchange forward contracts (notional value) $ 1,478,168 $ 1,465,853 Other current assets 4,461 22,839 Other accrued liabilities 16,035 14,934 Foreign exchange call options contracts (notional value) $ 2,012,475 $ — Other current assets 136 — Derivative instruments designated as cash flow hedges: Foreign exchange forward contracts (notional value) $ 995,422 $ 963,844 Other current assets and other assets 6,774 6,389 Other accrued liabilities and other long-term liabilities 13,366 32,935
Derivative Instruments, Gain (Loss)	The following table shows the gains and losses, before taxes, of the Company’s derivative instruments designated as cash flow hedges and not designated as hedging instruments in other comprehensive income (“OCI”), and the consolidated statements of operations for the periods presented: Three Months Ended Nine Months Ended Locations of gain (loss) in statement of operations August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Derivative instruments designated as cash flow hedges Gains (losses) recognized in OCI: Foreign exchange forward contracts $ 1,688 $ (40,691) $ 4,878 $ (61,782) Losses reclassified from AOCI into income: Foreign exchange forward contracts Loss reclassified from AOCI into income Cost of revenue for services $ (2,457) $ (9,909) $ (11,179) $ (12,920) Loss reclassified from AOCI into income Selling, general and administrative expenses (822) (3,187) (3,899) (3,487) Total $ (3,279) $ (13,096) $ (15,078) $ (16,407) Derivative instruments not designated as hedging instruments: Loss recognized from foreign exchange forward contracts, net (1) Other expense (income), net $ (2,170) $ (39,367) $ (7,005) $ (56,527) Loss recognized from foreign exchange call options contracts, net Other expense (income), net (2,064) — (14,493) — Total $ (4,234) $ (39,367) $ (21,498) $ (56,527)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Aug. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table summarizes the valuation of the Company’s investments and financial instruments that are measured at fair value on a recurring basis: As of August 31, 2023 As of November 30, 2022 Fair value measurement category Fair value measurement category Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets measured at fair value: Cash equivalents $ 2,028,565 $ 2,028,565 $ — $ — $ 89,932 $ 89,932 $ — $ — Foreign government bond 1,811 1,811 — — 1,529 1,529 — — Forward foreign currency exchange contracts 11,235 — 11,235 — 29,228 — 29,228 — Foreign currency call options contracts 136 — 136 — — — — — Liabilities measured at fair value: Forward foreign currency exchange contracts 29,401 — 29,401 — 47,869 — 47,869 — Liabilities measured at other than fair value: Long term debt (senior notes) Fair value 2,110,841 2,110,841 — — — — — — Carrying amount 2,130,982 — — — — — — —

BORROWINGS (Tables)

BORROWINGS (Tables)	9 Months Ended
BORROWINGS (Tables)	Aug. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	Borrowings consist of the following: As of August 31, 2023 November 30, 2022 6.650% Senior Notes due 2026 $ 800,000 $ — 6.600% Senior Notes due 2028 800,000 — 6.850% Senior Notes due 2033 550,000 — Credit Facility - Term Loan component 1,850,000 1,875,000 Securitization Facility — 356,500 Long-term debt, before unamortized debt discount and issuance costs 4,000,000 2,231,500 Less: unamortized debt discount and issuance costs (26,533) (7,212) Long-term debt, net $ 3,973,467 $ 2,224,288

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
EARNINGS PER SHARE (Tables)	Aug. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three Months Ended Nine Months Ended August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Basic earnings per common share: Net income $ 77,635 $ 106,690 $ 244,355 $ 330,105 Less: net income allocated to participating securities (1) (1,286) (1,582) (4,198) (4,850) Net income attributable to common stockholders $ 76,349 $ 105,108 $ 240,157 $ 325,255 Weighted-average number of common shares - basic 51,059 51,193 51,130 51,461 Basic earnings per common share $ 1.50 $ 2.05 $ 4.70 $ 6.32 Diluted earnings per common share: Net income $ 77,635 $ 106,690 $ 244,355 $ 330,105 Less: net income allocated to participating securities (1) (1,282) (1,571) (4,178) (4,816) Net income attributable to common stockholders $ 76,353 $ 105,119 $ 240,177 $ 325,289 Weighted-average number of common shares - basic 51,059 51,193 51,130 51,461 Effect of dilutive securities: Stock options and restricted stock units 150 356 254 373 Weighted-average number of common shares - diluted 51,209 51,549 51,384 51,834 Diluted earnings per common share $ 1.49 $ 2.04 $ 4.67 $ 6.28 (1) Restricted stock awards granted to employees by the Company are considered participating securities.

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
REVENUE (Tables)	Aug. 31, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	In the following table, the Company’s revenue is disaggregated by primary industry verticals: Three Months Ended Nine Months Ended August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Industry vertical: Technology and consumer electronics $ 528,281 $ 500,595 $ 1,549,093 $ 1,437,548 Retail, travel and ecommerce 322,394 299,595 935,850 879,537 Communications and media 252,497 274,424 767,278 808,884 Banking, financial services and insurance 246,771 234,844 768,388 733,673 Healthcare 167,428 143,085 509,960 441,473 Other 115,463 127,059 353,375 382,640 Total $ 1,632,834 $ 1,579,602 $ 4,883,944 $ 4,683,755

LEASES (Tables)

LEASES (Tables)	9 Months Ended
LEASES (Tables)	Aug. 31, 2023
Leases [Abstract]
Schedule of Lease Cost	The following table presents the various components of operating lease costs: Three Months Ended Nine Months Ended August 31, 2023 August 31, 2022 August 31, 2023 August 31, 2022 Operating lease cost $ 51,966 $ 49,627 $ 155,401 $ 150,167 Short-term lease cost 4,521 4,743 14,412 14,266 Variable lease cost 12,446 11,929 36,826 35,147 Sublease income (1,503) (709) (4,371) (2,136) Total operating lease cost $ 67,430 $ 65,590 $ 202,268 $ 197,444 The weighted-average remaining lease term and discount rate as of August 31, 2023 and November 30, 2022 were as follows: As of August 31, 2023 November 30, 2022 Weighted-average remaining lease term (years) 3.44 3.72 Weighted-average discount rate 5.51 % 5.24 %
Operating Lease Liability Maturity Schedule	The following table presents a maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next five fiscal years and thereafter as of August 31, 2023: Fiscal Years Ending November 30, 2023 (remaining three months) $ 50,159 2024 179,323 2025 129,966 2026 72,893 2027 35,378 Thereafter 32,020 Total payments 499,739 Less: imputed interest* 44,296 Total present value of lease payments $ 455,443
Schedule of Amounts Recorded In Consolidated Balance Sheet Related to Operating Leases	The following amounts were recorded in the consolidated balance sheets related to the Company’s operating leases: As of August 31, 2023 November 30, 2022 Operating lease ROU assets Other assets, net $ 425,746 $ 473,039 Current operating lease liabilities Other accrued liabilities 165,349 158,801 Non-current operating lease liabilities Other long-term liabilities 290,094 340,673
Schedule of Supplemental Cash Flow Information Related to Operating Leases	The following table presents supplemental cash flow information related to the Company’s operating leases. Cash payments related to variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below: Nine Months Ended August 31, 2023 August 31, 2022 Cash paid for amounts included in the measurement of lease liabilities $ 159,460 $ 147,579 Non-cash ROU assets obtained in exchange for lease liabilities 86,273 150,492

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
STOCKHOLDERS' EQUITY (Tables)	Aug. 31, 2023
Equity [Abstract]
Dividends Declared	During fiscal years 2023 and 2022, the Company has paid the following dividends per share approved by the Company’s board of directors: Announcement Date Record Date Per Share Dividend Amount Payment Date January 18, 2022 January 28, 2022 $0.25 February 8, 2022 March 29, 2022 April 29, 2022 $0.25 May 10, 2022 June 27, 2022 July 29, 2022 $0.25 August 9, 2022 September 28, 2022 October 28, 2022 $0.275 November 8, 2022 January 19, 2023 January 30, 2023 $0.275 February 10, 2023 March 29, 2023 April 28, 2023 $0.275 May 9, 2023 June 28, 2023 July 28, 2023 $0.275 August 8, 2023 On September 27, 2023, the Company announced a cash dividend of $0.3025 per share to stockholders of record as of October 27, 2023, payable on November 7, 2023.

BACKGROUND AND BASIS OF PRESE_2

BACKGROUND AND BASIS OF PRESENTATION (Details)	Aug. 31, 2023 market
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Primary industry verticals	5

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Nov. 30, 2022
Accounts Receivable \| Customer Concentration Risk \| One Client
Concentration Risk [Line Items]
Concentration risk percentage	12.40%

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) $ / shares in Units, $ in Thousands				3 Months Ended		9 Months Ended
	Sep. 25, 2023 USD ($) $ / shares shares	Jul. 20, 2022 USD ($)	Dec. 27, 2021 USD ($) market	Aug. 31, 2023 USD ($) $ / shares shares	Aug. 31, 2022 USD ($)	Aug. 31, 2023 USD ($) $ / shares shares	Aug. 31, 2022 USD ($)	Sep. 26, 2023 shares	Sep. 24, 2023	Aug. 02, 2023	Nov. 30, 2022 $ / shares shares
Business Acquisition [Line Items]
Acquisition of business, net of cash and restricted cash acquired						$ 0	$ 1,705,447
Acquisition-related and integration expenses				$ 18,494	$ 12,565	$ 31,470	$ 15,213
Common stock, par value (in dollars per share) \| $ / shares				$ 0.0001		$ 0.0001					$ 0.0001
Common stock, shares outstanding (in shares) \| shares				50,915,000		50,915,000					51,096,000
2026 Notes
Business Acquisition [Line Items]
Debt Instrument, Interest Rate, Stated Percentage										6.65%
Subsequent Event
Business Acquisition [Line Items]
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001
Common stock, shares outstanding (in shares) \| shares								66,600,000
PK
Business Acquisition [Line Items]
Number of staff members acquired \| market			5,000
Acquisition of business, net of cash and restricted cash acquired			$ 1,573,320
Gross Carrying Amount			469,300
Acquisition-related and integration expenses			22,842
Cash paid for acquisition			1,594,905
Purchase price			$ 1,610,630
ServiceSource International, Inc
Business Acquisition [Line Items]
Acquisition of business, net of cash and restricted cash acquired		$ 141,507
Gross Carrying Amount		40,200
Purchase price		$ 167,159
Webhelp \| Subsequent Event
Business Acquisition [Line Items]
Cash paid for acquisition	$ 500,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares \| shares	14,862,000
Business Acquisition, Note Payable Consideration	$ 700,000
Debt Instrument, Term	2 years
Business Acquisition, Right to Receive Equity Interest Issued or Issuable, Number of Shares \| shares	750,000
Debt Instrument, Interest Rate, Stated Percentage	2%
Business Acquisition, Right to Receive Equity Interest Issued or Issuable, Minimum Share Price \| $ / shares	$ 170
Purchase price	$ 4,000,000
Repayments of Assumed Debt	$ 1,600,000
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures \| shares	80,000
Webhelp \| Subsequent Event \| Concentrix Shareholders
Business Acquisition [Line Items]
Business Combination, Ownership Percentage									77.60%
Webhelp \| Subsequent Event \| Webhelp
Business Acquisition [Line Items]
Business Combination, Ownership Percentage									22.40%

ACQUISITIONS - Consideration (D

ACQUISITIONS - Consideration (Details) - USD ($) $ in Thousands			3 Months Ended		9 Months Ended
	Jul. 20, 2022	Dec. 27, 2021	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Business Acquisition [Line Items]
Acquisition-related and integration expenses			$ 18,494	$ 12,565	$ 31,470	$ 15,213
Acquisition of business, net of cash and restricted cash acquired					$ 0	$ 1,705,447
PK
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross, Cash Consideration for Stock		$ 1,177,342
Payments to Acquire Businesses, Gross, Cash Consideration for Vested Equity Awards		246,229
Payments to Acquire Businesses, Gross, Cash Consideration for Repayment of Debt, Including Accrued Interest		148,492
Acquisition-related and integration expenses		22,842
Cash paid for acquisition		1,594,905
Business Combination, Consideration Transferred, Other		15,725
Purchase price		1,610,630
Cash Acquired from Acquisition		37,310
Acquisition of business, net of cash and restricted cash acquired		$ 1,573,320
ServiceSource International, Inc
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross, Cash Consideration for Stock	$ 150,392
Payments to Acquire Businesses, Gross, Cash Consideration for Vested and Unvested Equity Awards	6,704
Payments to Acquire Businesses, Gross, Cash Consideration for Repayment of Debt, Including Accrued Interest	10,063
Purchase price	167,159
Cash Acquired from Acquisition	25,652
Acquisition of business, net of cash and restricted cash acquired	$ 141,507

ACQUISITIONS - Purchase Price (

ACQUISITIONS - Purchase Price (Details) - USD ($) $ in Thousands			9 Months Ended
	Jul. 20, 2022	Dec. 27, 2021	Aug. 31, 2023	Aug. 31, 2022	Nov. 30, 2022	Nov. 30, 2021
Business Acquisition [Line Items]
Goodwill			$ 2,897,048	$ 2,971,820	$ 2,904,402	$ 1,813,502
Acquisition of business, net of cash and restricted cash acquired			$ 0	$ 1,705,447
PK
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		$ 30,798
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables		85,367
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		11,158
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Right-of-use-Assets		12,288
Gross Carrying Amount		469,300
Goodwill		1,119,068
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets		26,449
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		1,754,428
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable		78,092
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation		12,288
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities		51,418
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value		2,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		143,798
Purchase price		1,610,630
Acquisition of business, net of cash and restricted cash acquired		$ 1,573,320
ServiceSource International, Inc
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	$ 24,355
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	40,097
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	8,112
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Right-of-use-Assets	29,487
Gross Carrying Amount	40,200
Goodwill	34,910
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	19,649
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	229,511
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	32,865
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation	29,487
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	62,352
Purchase price	167,159
Acquisition of business, net of cash and restricted cash acquired	141,507
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	$ 32,701

ACQUISITIONS - Intangible Asset

ACQUISITIONS - Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 20, 2022	Dec. 27, 2021
PK
Business Acquisition [Line Items]
Gross Carrying Amount		$ 469,300
PK \| Customer relationships
Business Acquisition [Line Items]
Gross Carrying Amount		$ 398,600
Weighted-Average Useful Life		15 years
PK \| Technology
Business Acquisition [Line Items]
Gross Carrying Amount		$ 63,500
Weighted-Average Useful Life		5 years
PK \| Trade names
Business Acquisition [Line Items]
Gross Carrying Amount		$ 5,000
Weighted-Average Useful Life		3 years
PK \| Non-compete agreements
Business Acquisition [Line Items]
Gross Carrying Amount		$ 2,200
Weighted-Average Useful Life		3 years
ServiceSource International, Inc
Business Acquisition [Line Items]
Gross Carrying Amount	$ 40,200
ServiceSource International, Inc \| Customer relationships
Business Acquisition [Line Items]
Gross Carrying Amount	$ 31,370
Weighted-Average Useful Life	15 years
ServiceSource International, Inc \| Technology
Business Acquisition [Line Items]
Gross Carrying Amount	$ 5,640
Weighted-Average Useful Life	5 years
ServiceSource International, Inc \| Trade names
Business Acquisition [Line Items]
Gross Carrying Amount	$ 3,190
Weighted-Average Useful Life	3 years

ACQUISITIONS - Pro Forma (Detai

ACQUISITIONS - Pro Forma (Details) - PK $ in Thousands	9 Months Ended
ACQUISITIONS - Pro Forma (Details) - PK $ in Thousands	Aug. 31, 2022 USD ($)
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue	$ 4,716,716
Business Acquisition, Pro Forma Net Income (Loss)	$ 327,701

SHARE-BASED COMPENSATION - Narr

SHARE-BASED COMPENSATION - Narrative (Details) shares in Thousands	1 Months Ended
	Jan. 31, 2023 $ / shares shares
Restricted Stock Awards and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock granted (in shares) \| shares	53
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 138.79
Performance-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock granted (in shares) \| shares	52
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 136.19
Restricted Stock Awards, Restricted Stock Units and Performance-Based Restricted Stock Units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years

SHARE-BASED COMPENSATION - Shar

SHARE-BASED COMPENSATION - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Share-Based Payment Arrangement [Abstract]
Total share-based compensation	$ 10,740	$ 9,862	$ 38,683	$ 37,678
Tax benefit recorded in the provision for income taxes	(2,685)	(2,505)	(9,671)	(9,569)
Effect on net income	$ 8,055	$ 7,357	$ 29,012	$ 28,109

BALANCE SHEET COMPONENTS - Cash

BALANCE SHEET COMPONENTS - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022	Aug. 31, 2022	Nov. 30, 2021
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 2,112,792	$ 145,382
Restricted cash included in other current assets	11,243	12,081
Cash, cash equivalents and restricted cash	2,124,035	$ 157,463	$ 178,501	$ 183,010
Money Market Funds
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 1,889,000

BALANCE SHEET COMPONENTS - Acco

BALANCE SHEET COMPONENTS - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Aug. 31, 2023	May 31, 2023	Nov. 30, 2022	Aug. 31, 2022	May 31, 2022	Nov. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: Allowance for doubtful accounts	$ (10,845)	$ (8,774)	$ (4,797)	$ (5,136)	$ (6,994)	$ (5,421)
Accounts receivable, net	1,379,437		1,390,474
Billed accounts receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	795,096		782,049
Unbilled accounts receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 595,186		$ 613,222

BALANCE SHEET COMPONENTS - Allo

BALANCE SHEET COMPONENTS - Allowance for Doubtful Trade Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022	May 31, 2023	Nov. 30, 2022	May 31, 2022	Nov. 30, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Current	$ 10,845	$ 5,136	$ 10,845	$ 5,136	$ 8,774	$ 4,797	$ 6,994	$ 5,421
Write-offs and reclassifications	(786)	(825)	(1,639)	(3,674)
Provision for doubtful accounts	$ 2,857	$ (1,033)	$ 7,687	$ 3,389

BALANCE SHEET COMPONENTS - Prop

BALANCE SHEET COMPONENTS - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 1,122,271	$ 1,035,905
Less: Accumulated depreciation	(715,974)	(632,076)
Property and equipment, net	406,297	403,829
United States
Property, Plant and Equipment [Line Items]
Property and equipment, net	121,392	123,184
Philippines
Property, Plant and Equipment [Line Items]
Property and equipment, net	72,887	76,361
India
Property, Plant and Equipment [Line Items]
Property and equipment, net	44,442	42,698
Other
Property, Plant and Equipment [Line Items]
Property and equipment, net	167,576	161,586
Land
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	27,193	27,336
Equipment, computers and software
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	595,366	542,209
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	90,810	89,167
Buildings, building improvements and leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	406,117	362,218
Construction-in-progress
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 2,785	$ 14,975

BALANCE SHEET COMPONENTS - Good

BALANCE SHEET COMPONENTS - Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 2,904,402	$ 1,813,502
Acquisitions	0	1,195,039
Goodwill, Purchase Accounting Adjustments	(10,592)	0
Foreign exchange translation	3,238	(36,721)
Goodwill, Ending Balance	$ 2,897,048	$ 2,971,820

BALANCE SHEET COMPONENTS - Inta

BALANCE SHEET COMPONENTS - Intangible Assets, Net (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Gross amounts	$ 1,842,205	$ 1,828,090
Accumulated amortization	(969,114)	(842,518)
Total	873,091	985,572
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross amounts	1,745,849	1,731,610
Accumulated amortization	(925,036)	(811,727)
Total	820,813	919,883
Technology
Finite-Lived Intangible Assets [Line Items]
Gross amounts	79,695	79,728
Accumulated amortization	(32,601)	(21,820)
Total	47,094	57,908
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross amounts	14,461	14,552
Accumulated amortization	(10,247)	(8,291)
Total	4,214	6,261
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Gross amounts	2,200	2,200
Accumulated amortization	(1,230)	(680)
Total	$ 970	$ 1,520

BALANCE SHEET COMPONENTS - Esti

BALANCE SHEET COMPONENTS - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
Balance Sheet Related Disclosures [Abstract]
2021 (remaining three months)	$ 39,426
2024	146,580
2025	134,443
2026	117,877
2027	87,559
Thereafter	347,206
Total	$ 873,091	$ 985,572

BALANCE SHEET COMPONENTS - Accu

BALANCE SHEET COMPONENTS - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022	May 31, 2023	Nov. 30, 2022	May 31, 2022	Nov. 30, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ 2,458	$ 9,752	$ 11,309	$ 12,217
Total stockholders’ equity	2,903,522	2,646,627	2,903,522	2,646,627	$ 2,854,262	$ 2,695,904	$ 2,723,945	$ 2,620,255
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(1,610)	(143,211)	2,279	(226,983)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Total stockholders’ equity	(287,504)	(229,075)	(287,504)	(229,075)	(286,367)	(287,364)	(115,212)	(46,378)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(1,137)	(113,863)	(140)	(182,697)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2,458	9,752	11,309	12,217
Total stockholders’ equity	(4,946)	(35,189)	(4,946)	(35,189)	(8,670)	(19,914)	(14,642)	(1,403)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	1,266	(30,299)	3,659	(46,003)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0	0	0
Total stockholders’ equity	(9,711)	(21,028)	(9,711)	(21,028)	(7,972)	(8,471)	(21,979)	(22,745)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(1,739)	951	(1,240)	1,717
Accumulated other comprehensive income (loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total stockholders’ equity	$ (302,161)	$ (285,292)	$ (302,161)	$ (285,292)	$ (303,009)	$ (315,749)	$ (151,833)	$ (70,526)

DERIVATIVE INSTRUMENTS - Fair V

DERIVATIVE INSTRUMENTS - Fair Value of Derivative Instruments in Balance Sheets (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
Foreign Exchange Forward \| Not Designated as Hedging Instrument
Derivative instruments not designated as hedging instruments:
Notional value	$ 1,478,168	$ 1,465,853
Derivative instruments designated as cash flow hedges:
Notional value	1,478,168	1,465,853
Foreign Exchange Forward \| Not Designated as Hedging Instrument \| Other current assets
Derivative instruments not designated as hedging instruments:
Forward foreign currency exchange contracts	4,461	22,839
Derivative instruments designated as cash flow hedges:
Forward foreign currency exchange contracts	4,461	22,839
Foreign Exchange Forward \| Not Designated as Hedging Instrument \| Other accrued liabilities
Derivative instruments not designated as hedging instruments:
Forward foreign currency exchange contracts	16,035	14,934
Derivative instruments designated as cash flow hedges:
Forward foreign currency exchange contracts	16,035	14,934
Foreign Exchange Forward \| Designated as Hedging Instrument
Derivative instruments not designated as hedging instruments:
Notional value	995,422	963,844
Derivative instruments designated as cash flow hedges:
Notional value	995,422	963,844
Foreign Exchange Forward \| Designated as Hedging Instrument \| Other current assets and other assets
Derivative instruments not designated as hedging instruments:
Forward foreign currency exchange contracts	6,774	6,389
Derivative instruments designated as cash flow hedges:
Forward foreign currency exchange contracts	6,774	6,389
Foreign Exchange Forward \| Designated as Hedging Instrument \| Other accrued liabilities and other long-term liabilities
Derivative instruments not designated as hedging instruments:
Forward foreign currency exchange contracts	13,366	32,935
Derivative instruments designated as cash flow hedges:
Forward foreign currency exchange contracts	13,366	32,935
Call Option \| Not Designated as Hedging Instrument
Derivative instruments not designated as hedging instruments:
Notional value	2,012,475	0
Derivative instruments designated as cash flow hedges:
Notional value	2,012,475	0
Call Option \| Not Designated as Hedging Instrument \| Other current assets
Derivative instruments not designated as hedging instruments:
Notional value	136	0
Derivative instruments designated as cash flow hedges:
Notional value	$ 136	$ 0

DERIVATIVE INSTRUMENTS - Effect

DERIVATIVE INSTRUMENTS - Effect of Derivative Instruments on AOCI and Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Designated as Hedging Instrument \| Foreign Exchange Forward
Derivative [Line Items]
Loss reclassified from AOCI into income	$ (3,279)	$ (13,096)	$ (15,078)	$ (16,407)
(Losses) gains recognized in OCI	1,688	(40,691)	4,878	(61,782)
Other expense (income), net \| Not Designated as Hedging Instrument
Derivative [Line Items]
(Loss) gain recognized from foreign exchange forward contracts, net	(4,234)	(39,367)	(21,498)	(56,527)
Other expense (income), net \| Not Designated as Hedging Instrument \| Foreign Exchange Forward
Derivative [Line Items]
(Loss) gain recognized from foreign exchange forward contracts, net	(2,170)	(39,367)	(7,005)	(56,527)
Other expense (income), net \| Not Designated as Hedging Instrument \| Call Option
Derivative [Line Items]
(Loss) gain recognized from foreign exchange forward contracts, net	(2,064)	0	(14,493)	0
Selling, general and administrative expenses \| Designated as Hedging Instrument \| Foreign Exchange Forward
Derivative [Line Items]
Loss reclassified from AOCI into income	(822)	(3,187)	(3,899)	(3,487)
Cost of revenue for services \| Designated as Hedging Instrument \| Foreign Exchange Forward
Derivative [Line Items]
Loss reclassified from AOCI into income	$ (2,457)	$ (9,909)	$ (11,179)	$ (12,920)

DERIVATIVE INSTRUMENTS - Narrat

DERIVATIVE INSTRUMENTS - Narrative (Details) $ in Thousands	9 Months Ended
DERIVATIVE INSTRUMENTS - Narrative (Details) $ in Thousands	Aug. 31, 2023 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Existing gains expected to be reclassified	$ 5,183

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
Liabilities measured at fair value:
Carrying amount	$ 3,973,467	$ 2,224,288
Fair Value, Recurring
Assets measured at fair value:
Cash equivalents	2,028,565	89,932
Foreign government bond	1,811	1,529
Liabilities measured at fair value:
Fair value	2,110,841	0
Carrying amount	2,130,982	0
Fair Value, Recurring \| Foreign Exchange Forward
Assets measured at fair value:
Forward foreign currency exchange contracts	11,235	29,228
Liabilities measured at fair value:
Forward foreign currency exchange contracts	29,401	47,869
Fair Value, Recurring \| Call Option
Assets measured at fair value:
Forward foreign currency exchange contracts	136	0
Fair Value, Recurring \| Level 1
Assets measured at fair value:
Cash equivalents	2,028,565	89,932
Foreign government bond	1,811	1,529
Liabilities measured at fair value:
Fair value	2,110,841	0
Carrying amount	0	0
Fair Value, Recurring \| Level 1 \| Foreign Exchange Forward
Assets measured at fair value:
Forward foreign currency exchange contracts	0	0
Liabilities measured at fair value:
Forward foreign currency exchange contracts	0	0
Fair Value, Recurring \| Level 1 \| Call Option
Assets measured at fair value:
Forward foreign currency exchange contracts	0	0
Fair Value, Recurring \| Level 2
Assets measured at fair value:
Cash equivalents	0	0
Foreign government bond	0	0
Liabilities measured at fair value:
Fair value	0	0
Carrying amount	0	0
Fair Value, Recurring \| Level 2 \| Foreign Exchange Forward
Assets measured at fair value:
Forward foreign currency exchange contracts	11,235	29,228
Liabilities measured at fair value:
Forward foreign currency exchange contracts	29,401	47,869
Fair Value, Recurring \| Level 2 \| Call Option
Assets measured at fair value:
Forward foreign currency exchange contracts	136	0
Fair Value, Recurring \| Level 3
Assets measured at fair value:
Cash equivalents	0	0
Foreign government bond	0	0
Liabilities measured at fair value:
Fair value	0	0
Carrying amount	0	0
Fair Value, Recurring \| Level 3 \| Foreign Exchange Forward
Assets measured at fair value:
Forward foreign currency exchange contracts	0	0
Liabilities measured at fair value:
Forward foreign currency exchange contracts	0	0
Fair Value, Recurring \| Level 3 \| Call Option
Assets measured at fair value:
Forward foreign currency exchange contracts	$ 0	$ 0

BORROWINGS - Schedule of Debt (

BORROWINGS - Schedule of Debt (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 02, 2023	Nov. 30, 2022
Debt Instrument [Line Items]
Long-term debt, before unamortized debt discount and issuance costs	$ 4,000,000		$ 2,231,500
Less: unamortized debt discount and issuance costs	(26,533)		(7,212)
Long-term debt, net	3,973,467		2,224,288
2026 Notes
Debt Instrument [Line Items]
Senior Notes	800,000	$ 800,000	0
2028 Notes
Debt Instrument [Line Items]
Senior Notes	800,000	800,000	0
2033 Notes
Debt Instrument [Line Items]
Senior Notes	550,000	$ 550,000	0
Securitization Facility
Debt Instrument [Line Items]
Credit Facility - Term Loan component	0		356,500
Senior Secured Credit Facility \| New Term Loan
Debt Instrument [Line Items]
Credit Facility - Term Loan component	$ 1,850,000		$ 1,875,000

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details)

1 Months Ended

3 Months Ended

9 Months Ended

Dec. 31, 2024 USD ($)

Sep. 25, 2023 USD ($)

Apr. 21, 2023 USD ($)

Aug. 31, 2022 USD ($)

Jul. 06, 2022 USD ($)

Dec. 27, 2021

Sep. 30, 2023 USD ($)

Aug. 31, 2023 USD ($)

May 31, 2023 USD ($)

Aug. 31, 2023 USD ($)

Aug. 31, 2022 USD ($)

Aug. 02, 2023 USD ($)

Mar. 29, 2023 USD ($)

Nov. 30, 2022 USD ($)

Oct. 30, 2020 USD ($)

Debt Instrument [Line Items]

Cash paid for debt issuance costs

$ 30,519,000

$ 9,331,000

Webhelp | Subsequent Event

Debt Instrument [Line Items]

Business Acquisition, Note Payable Consideration

$ 700,000,000

Debt Instrument, Interest Rate, Stated Percentage

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt

$ 1,800,000,000

Bridge Facility

Debt Instrument [Line Items]

Cash paid for debt issuance costs

$ 4,613,000

21,617,000

Amortization of Debt Issuance Costs

10,687,000

21,617,000

Bridge Facility | Webhelp

Debt Instrument [Line Items]

Bridge Loan

$ 2,150,000,000

$ 0

$ 5,290,000,000

Bridge Facility - Term Bridge Loan Tranche 1 | Webhelp

Debt Instrument [Line Items]

Bridge Loan

2,440,000,000

Debt Instrument, Increase (Decrease), Net

294,702,000

Bridge Facility - Term Bridge Loan Tranche 2 | Webhelp

Debt Instrument [Line Items]

Bridge Loan

1,850,000,000

Amendment Revolving Tranche | Webhelp

Debt Instrument [Line Items]

Bridge Loan

$ 0

$ 1,000,000,000

Prior Credit Facility - Term Loan

Debt Instrument [Line Items]

Principal payments

25,000,000

$ 125,000,000

Restated Credit Agreement [Member]

Debt Instrument [Line Items]

Cash paid for debt issuance costs

$ 3,369,000

Securitization Facility

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

$ 500,000,000

Credit Facility - Term Loan component

$ 356,500,000

Securitization Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Basis spread on variable rate

0.80%

Debt Instrument, Basis Spread on Variable Rate, Adjustment

0.10%

Securitization Facility | Commercial Paper Rate

Debt Instrument [Line Items]

Basis spread on variable rate

0.70%

Prior Securitization Facility

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

$ 350,000,000

Senior Notes

Debt Instrument [Line Items]

Amortization of Debt Issuance Costs

19,300,000

Senior Notes | Webhelp | Subsequent Event

Debt Instrument [Line Items]

Debt Instrument, Face Amount

500,000,000

2026 Notes

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

6.65%

Senior Notes

800,000,000

$ 800,000,000

2026 Notes | Webhelp | Subsequent Event

Debt Instrument [Line Items]

Debt Conversion, Converted Instrument, Amount

$ 250,000,000

Debt, Weighted Average Interest Rate

5.12%

2028 Notes

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

6.60%

Senior Notes

800,000,000

$ 800,000,000

2028 Notes | Webhelp | Subsequent Event

Debt Instrument [Line Items]

Debt Conversion, Converted Instrument, Amount

$ 250,000,000

Debt, Weighted Average Interest Rate

5.18%

2033 Notes

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

6.85%

Senior Notes

550,000,000

$ 550,000,000

Senior Secured Credit Facility

Debt Instrument [Line Items]

Consolidated leverage ratio

3.75

Consolidated interest coverage ratio

Senior Secured Credit Facility | Period Following Acquisition

Debt Instrument [Line Items]

Consolidated leverage ratio

4.25

Senior Secured Credit Facility | SOFR Rate Loans

Debt Instrument [Line Items]

Basis spread on variable rate

0.10%

Senior Secured Credit Facility | Base Rate Loans

Debt Instrument [Line Items]

Basis spread on variable rate

Interest rate floor

Senior Secured Credit Facility | Revolver

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

$ 1,042,500,000

Amount outstanding

Increase in credit facility

500,000,000

Senior Secured Credit Facility | New Term Loan

Debt Instrument [Line Items]

Credit facility, maximum borrowing capacity

$ 2,144,700,000

Principal payments

25,000,000

Credit Facility - Term Loan component

$ 1,850,000,000

$ 1,875,000,000

Senior Secured Credit Facility | New Term Loan | Subsequent Event

Debt Instrument [Line Items]

Credit Facility - Term Loan component

$ 2,075,000

Proceeds from Lines of Credit

$ 294,702,000

Repayments of Long-Term Debt

$ 69,700,000

Senior Secured Credit Facility | New Term Loan | Forecast

Debt Instrument [Line Items]

Quarterly installment amounts

$ 0.0125

Senior Secured Credit Facility | Prior Credit Facility - Term Loan

Debt Instrument [Line Items]

Quarterly installment amounts

$ 26,250,000

Senior Secured Credit Facility | Minimum | SOFR Rate Loans

Debt Instrument [Line Items]

Basis spread on variable rate

1.125%

1.25%

Senior Secured Credit Facility | Minimum | Base Rate Loans

Debt Instrument [Line Items]

Basis spread on variable rate

0.125%

0.25%

Senior Secured Credit Facility | Maximum | SOFR Rate Loans

Debt Instrument [Line Items]

Basis spread on variable rate

Senior Secured Credit Facility | Maximum | Base Rate Loans

Debt Instrument [Line Items]

Basis spread on variable rate

Senior Secured Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | SOFR Rate Loans

Debt Instrument [Line Items]

Interest rate floor

Senior Secured Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum | SOFR Rate Loans

Debt Instrument [Line Items]

Basis spread on variable rate

0.10%

Senior Secured Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum | SOFR Rate Loans

Debt Instrument [Line Items]

Basis spread on variable rate

0.25%

Senior Secured Credit Facility | Federal Funds Rate | Not LIBOR Rate Loans

Debt Instrument [Line Items]

Basis spread on variable rate

0.50%

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares	Aug. 31, 2023	Nov. 30, 2022
Earnings Per Share [Abstract]
Common stock, shares issued (in shares)	52,685,000	52,367,000

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Basic earnings per common share:
Net income attributable to Concentrix Corporation	$ 77,635	$ 106,690	$ 244,355	$ 330,105
Less: net income allocated to participating securities	(1,286)	(1,582)	(4,198)	(4,850)
Net income attributable to common stockholders	$ 76,349	$ 105,108	$ 240,157	$ 325,255
Weighted-average number of common shares - basic (in shares)	51,059	51,193	51,130	51,461
Basic earnings per common share (in dollars per share)	$ 1.50	$ 2.05	$ 4.70	$ 6.32
Diluted earnings per common share:
Net income attributable to Concentrix Corporation	$ 77,635	$ 106,690	$ 244,355	$ 330,105
Less: net income allocated to participating securities	(1,282)	(1,571)	(4,178)	(4,816)
Net income attributable to common stockholders	$ 76,353	$ 105,119	$ 240,177	$ 325,289
Weighted-average number of common shares - basic (in shares)	51,059	51,193	51,130	51,461
Effect of dilutive securities:
Stock options and restricted stock units	150	356	254	373
Weighted-average number of common shares - diluted (in shares)	51,209	51,549	51,384	51,834
Diluted earnings per common share (in dollars per share)	$ 1.49	$ 2.04	$ 4.67	$ 6.28
Payments for Repurchase of Redeemable Noncontrolling Interest			$ 0	$ 2,500

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
REVENUE (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 1,632,834	$ 1,579,602	$ 4,883,944	$ 4,683,755
Technology and consumer electronics
Disaggregation of Revenue [Line Items]
Revenue	528,281	500,595	1,549,093	1,437,548
Communications and media
Disaggregation of Revenue [Line Items]
Revenue	252,497	274,424	767,278	808,884
Retail, travel and ecommerce
Disaggregation of Revenue [Line Items]
Revenue	322,394	299,595	935,850	879,537
Banking, financial services and insurance
Disaggregation of Revenue [Line Items]
Revenue	246,771	234,844	768,388	733,673
Other
Disaggregation of Revenue [Line Items]
Revenue	115,463	127,059	353,375	382,640
Healthcare
Disaggregation of Revenue [Line Items]
Revenue	$ 167,428	$ 143,085	$ 509,960	$ 441,473

PENSION AND EMPLOYEE BENEFITS_2

PENSION AND EMPLOYEE BENEFITS PLANS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022	Nov. 30, 2022
Retirement Benefits [Abstract]
Contributed amount	$ 22,945	$ 20,211	$ 67,470	$ 62,726
Net benefit costs	2,433	$ 2,350	8,060	$ 7,978
Plan underfunded amount	$ 67,572		$ 67,572		$ 71,815

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 87,276	$ 78,501
Unrecognized tax benefits that would affect income tax expense if recognized	47,016	40,793
Interest and penalties accrued on unrecognized tax benefits	8,961	$ 7,538
Minimum
Income Tax Contingency [Line Items]
Unrecognized tax benefits decrease amount	34,538
Maximum
Income Tax Contingency [Line Items]
Unrecognized tax benefits decrease amount	$ 37,465

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
LEASES - Lease Cost (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Leases [Abstract]
Operating lease cost	$ 51,966	$ 49,627	$ 155,401	$ 150,167
Short-term lease cost	4,521	4,743	14,412	14,266
Variable lease cost	12,446	11,929	36,826	35,147
Sublease income	(1,503)	(709)	(4,371)	(2,136)
Total operating lease cost	$ 67,430	$ 65,590	$ 202,268	$ 197,444

LEASES - Operating Lease Liabil

LEASES - Operating Lease Liability Maturity (Details) $ in Thousands	Aug. 31, 2023 USD ($)
Leases [Abstract]
Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year	$ 50,159
2024	179,323
2025	129,966
2026	72,893
2027	35,378
Thereafter	32,020
Total payments	499,739
Less: imputed interest	44,296
Total present value of lease payments	$ 455,443

LEASES - Operating Lease ROU As

LEASES - Operating Lease ROU Assets and Liabilities (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
Leases [Abstract]
Operating lease ROU assets	$ 425,746	$ 473,039
Current operating lease liabilities	165,349	158,801
Non-current operating lease liabilities	$ 290,094	$ 340,673
Operating lease, right-of-use asset, statement of financial position	Other assets	Other assets
Operating lease, liability, current, statement of financial position	Other accrued liabilities	Other accrued liabilities
Operating Lease, liability, noncurrent, statement of financial position	Other long-term liabilities	Other long-term liabilities

LEASES - Operating Lease Supple

LEASES - Operating Lease Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 159,460	$ 147,579
Non-cash ROU assets obtained in exchange for lease liabilities	$ 86,273	$ 150,492

LEASES - Operating Lease Weight

LEASES - Operating Lease Weighted Average Remaining Lease Term and Discount Rate (Details)	Aug. 31, 2023	Nov. 30, 2022
Leases [Abstract]
Weighted-average remaining lease term (years)	3 years 5 months 8 days	3 years 8 months 19 days
Weighted-average discount rate	5.51%	5.24%

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands									1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 27, 2023	Jun. 28, 2023	Mar. 29, 2023	Jan. 19, 2023	Sep. 28, 2022	Jun. 27, 2022	Mar. 29, 2022	Jan. 18, 2022	Sep. 30, 2023	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022	Sep. 30, 2021
Equity [Abstract]
Stock Repurchase Program, Authorized Amount														$ 500,000
Common Stock, Dividends, Per Share, Cash Paid		$ 0.275	$ 0.275	$ 0.275	$ 0.275	$ 0.25	$ 0.25	$ 0.25
Stock Repurchase Program, Remaining Authorized Repurchase Amount										$ 312,144		$ 312,144
Stock Repurchased During Period, Value										$ 27,000	$ 48,986	$ 41,941	$ 106,836
Stock Repurchased During Period, Shares										320,000	359	431,000	726
Subsequent Event [Line Items]
Stock Repurchased During Period, Shares										320,000	359	431,000	726
Stock Repurchased During Period, Value										$ 27,000	$ 48,986	$ 41,941	$ 106,836
Subsequent Event
Equity [Abstract]
Stock Repurchased During Period, Value									$ 7,062
Stock Repurchased During Period, Shares									95,000
Common stock quarterly dividend declared (in dollars per share)	$ 0.3025
Subsequent Event [Line Items]
Common stock quarterly dividend declared (in dollars per share)	$ 0.3025
Stock Repurchased During Period, Shares									95,000
Stock Repurchased During Period, Value									$ 7,062