Concentrix (CNXC) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, June 2, 2026 astatine 11:59 AM CDT 24 min read

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Date

Tuesday, March 24, 2026 astatine 8:30 a.m. ET

Call participants

• President and Chief Executive Officer — Christopher Caldwell

• Chief Financial Officer — Andre Valentine

Full Conference Call Transcript

Chris Caldwell, our President and Chief Executive Officer; and Andre Valentine, our Chief Financial Officer. Chris volition supply a summary of our operating show and maturation strategy, and Andre volition screen our fiscal results and concern outlook. Then we'll unfastened the telephone for your questions. Now I'll crook the telephone implicit to Chris.

Christopher Caldwell: Thank you, Elise. Hello, everyone, and convey you for joining america for our archetypal 4th 2026 net call. Today, I'd similar to commencement by giving you an overview of however we're reasoning astir the quarter, and past I'll crook it implicit to Andre to speech much astir the specifics of our results. Overall, successful the archetypal quarter, we proceed to triumph the close business, thrust the close gross premix and execute connected our strategy, allowing america to travel wrong our usher for some gross and profit. Our solutions are driving worth some from automating enactment oregon erstwhile combined with the quality to thrust performance.

Our wide wins with exertion are up much than 61% year-over-year successful the archetypal quarter, highlighting the displacement successful our go-to-market offerings and lawsuit acceptance. When we look astatine our bookings quarter-on-quarter, our signed yearly declaration worth for solutions, including AI, much than doubled, and we're seeing sequential increases successful expanding AI licence depletion crossed our lawsuit base. Our pipeline of opportunities to proceed to beryllium coagulated and correspond a continued progression and displacement to a higher solution mix. Our proprietary iX suite of AI products our third-party exertion partners and our heavy domain expertise proceed to beryllium differentiators that unfastened the doorway for america to triumph larger, much transformative deals with our clients.

While this mightiness initially compress immoderate existing gross and margin, erstwhile these programs scope standard and afloat production, the borderline is accretive, and we mostly spot gross maturation crossed our portfolio of services into these clients. As an example, we closed, adjacent to 60 endeavor iX suite deals successful the 4th including our largest iX Hero contracts to day with 2 Fortune 50 companies. Both clients volition usage our proprietary AI technologies to modernize their quality to make much businesslike personalized and effectual interactions with their customers portion allowing america to merchantability further solutions into these accounts.