Concentrix reported fourth quarter revenue of $2.55 billion, up 4.3% year-over-year, surpassing the high end of its guidance range. Non-GAAP diluted EPS of $2.95 exceeded the prior year’s $3.26, reflecting resilience in its customer experience and technology services segments. On a constant-currency basis, revenue grew 3.1%, driven by strong uptake in digital transformation contracts across healthcare and financial services clients.

For fiscal 2025, operating cash flow reached a record $807 million, while adjusted free cash flow totaled $626 million, underscoring robust liquidity. The company returned $258 million to shareholders through share repurchases and dividends, and reduced net debt by $184 million, bringing the debt-to-equity ratio to approximately 1.11. A current ratio of 1.56 highlights ample coverage of short-term obligations.

Fourth quarter GAAP operating loss of $1.38 billion included a non-cash goodwill impairment charge of $1.52 billion, driven by recent trading price trends. Excluding this, non-GAAP operating income stood at $323 million (12.7% margin), down 150 basis points year-over-year. Adjusted EBITDA was $379 million (14.8% margin), reflecting investments in intelligent automation solutions that pressured profitability but position the company for medium-term growth.

Management projects first quarter revenue between $2.475 billion and $2.500 billion, implying 1.5%–2.5% constant-currency growth, and non-GAAP EPS of $2.57–$2.69. Full year 2026 guidance anticipates revenue of $10.035 billion to $10.180 billion (1.5%–3.0% constant-currency growth) and adjusted free cash flow of $630 million to $650 million. Operating income is forecast at $688 million to $738 million, with non-GAAP operating income of $1.24 billion to $1.29 billion, reflecting confidence in execution of digital services expansion.