secwatch.observer — SEC 8-K summary
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Issuer:     CONDUENT Inc (CNDT)
CIK:        0001677703
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001677703-22-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conduent Q1 revenue $967M (-6% YoY); net income $136M vs loss; guides FY adj. EBITDA margin 9.5-10.5%
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- GAAP net income $136M ($0.61 diluted EPS) vs loss of $11M (-$0.06) in Q1 2021, boosted by Midas gain and insurance recoveries.
- Adjusted EBITDA $107M, margin 11.1% (up 70bps YoY); adjusted diluted EPS $0.10, down from $0.15.
- New business TCV signings $464M (+32% YoY); ARR signings $107M; Net ARR Activity Metric $102M (+17%).
- Intends to separate Transportation business via spin-off rather than sale; no timetable provided.
- FY 2022 outlook: Adj. revenue $3,825M-$3,975M; Adj. EBITDA margin 9.5%-10.5% (vs 11.0% in 2021).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1677703/000167770322000022/0001677703-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1677703/000167770322000022/cndt-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001677703-22-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer