Concentrix Corp: Quarterly report
Concentrix reported a net loss of $(988,113) thousand for the third quarter of fiscal 2026, driven by a $1,050.0 million non-cash goodwill impairment charge and a 1.2% revenue decrease.
Negative for the companyWhat the numbers say
Revenue fell 1.2% to $2.5B versus the same quarter last year; operating margin narrowed from 5.9% to -37.1%; diluted EPS -$16.24 versus $1.34; cash fell by $10.9M to $244.7M while debt was flat; diluted share count down 2.9% (buybacks).
What happened
- Revenue for the three months ended August 31, 2026 decreased by 1.2% to $2,453,679 thousand due to client demand decreases in healthcare, technology and consumer electronics, and communications and media verticals.
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