LSE:MAND 20 January 2026

June 29, 2026, 7:52 PM EDT. Shares of Concentrix (NASDAQ:CNXC) tumbled 22.5% to $19.55 in late trading after the company slashed its fiscal 2026 EPS and revenue guidance, falling short of Wall Street's targets. The company saw Q2 revenue up 1.9% at $2.46 billion, but operating income plunged 35.7% and adjusted EPS was down 2.6%. Management said retail, travel and e-commerce now top tech as the biggest revenue drivers, and banking is also up. Free cash flow in the quarter ran 21% higher, at $242.3 million. Investors shrugged off the cash flow beat and focused instead on flat Q3 revenue guidance-0% to 1%-and higher debt, with enterprise value at $5.52 billion versus $1.19 billion in equity.