Concentrix reported fiscal second-quarter results for the period ended May 31, 2026, with revenue of $2.4625 billion and net income of $55.3 million. The company generated record cash flow from operations of $257.9 million and delivered non-GAAP diluted EPS of $2.63. Management highlighted strength in AI-driven offerings and notable growth in iX Suite deals.

Financial Highlights

  • Revenue: $2,462.5 million for the quarter (up 1.9% year‑over‑year as reported).
  • Gross profit: $823.3 million for the quarter (gross profit figure reported in consolidated statements).
  • Operating income: $95.4 million for the quarter (operating margin 3.9%).
  • Net income: $55.3 million for the quarter (diluted EPS $0.86).
  • Non‑GAAP metrics: Non‑GAAP diluted EPS $2.63; Adjusted EBITDA $347.4 million.

Business Highlights

  • Revenue mix: Retail, travel and e‑commerce and banking, financial services and insurance segments showed year‑over‑year growth; technology and consumer electronics and healthcare segments declined.
  • Operational cash flow: Record-high cash flow from operations of $257.9 million and adjusted free cash flow of $242.3 million in the quarter.
  • Product and solution momentum: Management cited acceleration of the blended AI and services approach and reported iX Suite deals up 400% year over year.
  • Capital allocation: Board declared a quarterly dividend of $0.36 per share payable August 4, 2026; no share repurchases in the quarter with $396.6 million remaining authorization.
  • Guidance: Third-quarter revenue guidance $2.465B–$2.490B and full-year revenue outlook $9.925B–$10.025B, with non‑GAAP diluted EPS guidance $2.65–$2.77 (Q3) and $10.83–$11.18 (FY).

Original SEC Filing:

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