Quarterly ResultJul 2, 2026, 08:08 AM
Concentrix Q2 Net Income Up 31.3% to $55.3M; Revenue Rises 1.9%
AI Summary
Concentrix Corp reported mixed financial results for the three and six months ended May 31, 2026. For the three-month period, revenue increased by 1.9% to $2,462.5 million, with net income surging 31.3% to $55.3 million and diluted EPS rising 36.5% to $0.86. However, the six-month results showed a 3.6% revenue increase to $4,962.9 million, but net income declined 31.6% to $76.9 million and diluted EPS fell 28.6% to $1.20. The company also announced an agreement to sell a non-core business for approximately 15 million euros and engaged in significant debt refinancing activities.
Key Highlights
- Three-month revenue increased 1.9% to $2,462.5 million from $2,417.4 million year-over-year.
- Three-month net income rose 31.3% to $55.3 million, up from $42.1 million in the prior year.
- Three-month diluted EPS grew 36.5% to $0.86, compared to $0.63 year-over-year.
- Six-month revenue increased 3.6% to $4,962.9 million from $4,789.6 million year-over-year.
- Six-month net income decreased 31.6% to $76.9 million, down from $112.4 million in the prior year.
- Six-month diluted EPS decreased 28.6% to $1.20, compared to $1.68 year-over-year.
- Net cash provided by operating activities for six months was $174.7 million, down from $237.9 million.
- Company entered definitive agreement to sell a non-core business for approximately 15 million euros.
Price Impact
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