Recent Updates — CNXC
Concentrix reported a GAAP net loss of $988.1 million for the third quarter ended August 31, 2026, driven by a $1,050.0 million non-cash goodwill impairment charge. Revenue declined 1.2% to $2,453.7 million, while Non-GAAP net income rose 1.8% to $186.5 million and adjusted free cash flow reached $218.3 million. The Board declared a quarterly dividend of $0.37 per share, payable on November 3, 2026, to shareholders of record as of October 23, 2026. The company provided fourth-quarter revenue guidance of $2.41 billion to $2.46 billion and full-year adjusted free cash flow expectations of $630 million to $650 million. Concentrix operates in the technology and business process outsourcing industry.
Concentrix Corporation announced that Cormac Twomey will step down as Executive Vice President of Customer Success effective December 31, 2026. The departure is governed by an agreement dated September 15, 2026, providing severance benefits under the Company’s Amended and Restated Executive Severance Plan and his original service agreement. Following his separation, Mr. Twomey will serve as a consultant for a 60-day transition period. Concentrix Corporation operates in the business process outsourcing industry, providing customer experience management services.
Concentrix Corporation's Board of Directors adopted an Amended and Restated Executive Severance Plan to replace the existing Change of Control Severance Plan. The update aligns executive severance for officers who are terminated without cause near a change of control, shifting from salary continuation to a lump-sum payment equal to two times the sum of base salary and target bonus. Concentrix Corporation operates in the customer experience (CX) technology and services industry, providing customer engagement solutions for brands and businesses.
On June 29, 2026, Concentrix Corporation issued a press release reporting its financial results for the second quarter ended May 31, 2026. Concentrix operates in the customer experience (CX) industry, providing technology-enabled customer engagement and business process outsourcing services.