Concentrix Corporation (NASDAQ: CNXC) announced its financial results for the first quarter ended February 28, 2026, reporting revenue of $2,500.4 million, a 5.4% increase compared to $2,372.2 million in the same quarter last year. The company maintained its full-year outlook, indicating consistent performance despite a challenging economic environment. Operating income for the quarter was $118.6 million, representing 4.7% of revenue, down from $168.9 million or 7.1% of revenue in the prior year. Non-GAAP operating income was reported at $295.0 million, or 11.8% of revenue, compared to $321.5 million, or 13.6% of revenue in the previous year. Adjusted EBITDA for the quarter was $348.2 million, or 13.9% of revenue, down from $374.2 million, or 15.8% of revenue year-over-year. The diluted earnings per share (EPS) was $0.33, significantly lower than $1.04 in the prior year. The company also reported cash flow used in operations of $83.2 million, with adjusted free cash flow at a use of $144.6 million. Concentrix paid a quarterly dividend of $0.36 per share on February 10, 2026, and plans to declare another dividend of the same amount on May 5, 2026. The company repurchased approximately 1 million shares at a cost of $42.0 million during the quarter. Looking ahead, Concentrix expects second-quarter revenue between $2.460 billion and $2.485 billion, with operating income projected between $128 million and $138 million. The company remains focused on leveraging AI solutions to drive growth and enhance client value.

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