Q2 2026 Concentrix Corp Earnings Call Transcript
Key Points
- Concentrix Corp (CNXC) achieved a record level of contract signings for its iX Suite of technology, with a 400% year-over-year increase in the number of deals.
- The company reported a record second-quarter cash flow, demonstrating strong financial management.
- Revenue per non-billable headcount increased by 14% year over year, indicating improved operational efficiency.
- Concentrix Corp (CNXC) is on track to double its iX Suite revenue by the end of the fiscal year, aiming to surpass $120 million in annual recurring revenue.
- The company is effectively executing its strategy and making the right investments for long-term shareholder value, with a focus on AI and technology integration.
- The company experienced a 2% additional headwind going into the third quarter due to increased financial pressure on clients and offshoring.
- Revenue growth came in slightly below guidance at 0.6% in constant currency terms, reflecting challenges in certain sectors.
- There was a higher restructuring charge than anticipated, with an expectation to spend an additional $75 million in restructuring this year.
- The company reduced its full-year revenue growth expectation due to a continued acceleration of mix shift to offshore locations.
- Some clients are reallocating spending away from certain customer segments, resulting in reduced spend overall.
Hello, everyone. Thank you for joining us, and welcome to the Concentrix second-quarter 2026 financial results conference call. (Operator Instructions)
I will now hand the conference over to Elise Brassell, Corporate Communications and Investor Relations. Elise, please go ahead.
Thank you, operator, and welcome, everyone, to Concentrix's second-quarter 2026 earnings call. This call is the property of Concentrix and may not be recorded or rebroadcast without written permission of Concentrix.
This call contains forward-looking statements that address our expected future performance and that, by their nature, address matters that are uncertain. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements as a result of new information or future expectations, events, or developments. Please refer to today's
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