Concentrix(US:CNXC)2026-01-13 12:33Financial Performance - Revenue for Q4 2025 was $2,552.9 million, a 4.3% increase year-on-year, exceeding guidance[6] - Operating loss for Q4 2025 was $1,382.4 million, representing (54.1)% of revenue, primarily due to a non-cash goodwill impairment charge of $1,523.3 million[6] - Non-GAAP operating income for Q4 2025 was $323.2 million, or 12.7% of revenue, down from $346.7 million, or 14.2% of revenue in Q4 2024[10] - Adjusted EBITDA for Q4 2025 was $378.6 million, or 14.8% of revenue, compared to $402.9 million, or 16.5% of revenue in Q4 2024[10] - Fiscal year 2025 revenue reached $9,825.8 million, a 2.2% increase year-on-year, also exceeding guidance[11] - Non-GAAP diluted EPS for Q4 2025 was $2.95, a decrease of 9.5% from $3.26 in Q4 2024[10] - Total revenue for the three months ended November 30, 2025, was $2,552,925, representing a 4% increase from $2,448,024 in the same period of 2024[32] - The operating loss for the three months ended November 30, 2025, was $(1,382,379), compared to an operating income of $144,536 in the same period of 2024[32] - Net loss for the fiscal year ended November 30, 2025, was $(1,278,924), a significant decline from net income of $251,217 in 2024[32] - Non-GAAP operating income for the fiscal year ended November 30, 2025, was $1,253,544, down from $1,317,912 in the previous fiscal year[34] - Operating margin for the fiscal year ended November 30, 2025, was (9.3)%, down from 6.2% in the previous fiscal year[34] - The company reported a constant currency revenue growth of 3.1% for the three months ended November 30, 2025[34] - The company reported a net loss of $1,479,384 for the three months ended November 30, 2025, compared to a net income of $115,650 in the same period last year[35] - The diluted earnings per share (EPS) for the three months ended November 30, 2025, was $(23.85), compared to $1.72 in the same period last year[36] Cash Flow and Shareholder Returns - The company returned $258 million to shareholders through dividends and share repurchases while reducing net debt by $184 million[11] - The company anticipates generating approximately $630 million to $650 million of adjusted free cash flow in fiscal year 2026[14] - Free cash flow for the fiscal year ended November 30, 2025, was $572,471, an increase from $428,730 in the previous fiscal year[36] Future Guidance - For Q1 2026, the company expects reported revenue of $2.475 billion to $2.500 billion, implying constant currency growth of 1.5% to 2.5%[19] - Full year 2026 revenue guidance is set at $10.035 billion to $10.180 billion, indicating constant currency growth of 1.5% to 3.0%[19] - Revenue for the three months ending February 28, 2026, is forecasted to be between $2,475,000 and $2,500,000, with a fiscal year ending November 30, 2026, revenue forecast of $10,035,000 to $10,180,000[37] - Reported revenue growth under U.S. GAAP is expected to be 4.4% to 5.4% for the three months and 2.1% to 3.6% for the fiscal year[37] - Constant currency revenue growth is projected at 1.5% to 2.5% for the three months and 1.5% to 3.0% for the fiscal year[37] - Operating income for the three months is forecasted to be between $139,500 and $149,500, with a fiscal year operating income forecast of $687,500 to $737,500[37] - Non-GAAP operating income is expected to range from $290,000 to $300,000 for the three months and $1,240,000 to $1,290,000 for the fiscal year[37] Assets and Liabilities - Cash and cash equivalents increased to $327,347 as of November 30, 2025, from $240,571 in 2024[30] - Total assets decreased to $10,761,086 as of November 30, 2025, down from $11,991,438 in 2024[30] - Total liabilities increased to $8,016,741 as of November 30, 2025, compared to $7,951,714 in 2024[30] Impairment and Charges - The impairment charges for the three months ended November 30, 2025, were $1,527,726, with no charges reported in the same period of 2024[32] - The company incurred impairment charges of $1,527,726 for the three months ended November 30, 2025[35] Revenue Segmentation - The company’s revenue from banking, financial services, and insurance increased by 12% to $402,566 for the three months ended November 30, 2025[32] Share Count - The weighted-average common shares outstanding for the three months ended November 30, 2025, were 62,071, down from 64,315 in 2024[32]