Conduent Q3 revenue $977M (-5.9% YoY); adj. EPS $0.09 vs $0.19; FY outlook lowered

CONDUENT Inc

2022-Q3 EPS reported $0.66 revenue$2,872,000,000

Q3 GAAP net income $15M ($0.06 diluted EPS) vs $11M ($0.04) a year ago; adjusted diluted EPS fell 52.6% to $0.09.
Adjusted EBITDA margin 10.7% (down 100 bps YoY); Adj. EBITDA $105M vs $119M.
New business ACV $191M, fifth consecutive quarterly increase; Net ARR Activity TTM $70M.
Full-year 2022 outlook: Adj. revenue $3.85B-$3.95B (from $4.07B in 2021); Adj. EBITDA margin 10.0%-10.5%.
Operating cash flow $98M (+78.2% YoY); Adj. free cash flow $78M (+239% YoY); cash balance $587M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONDUENT Inc reported fiscal year 2022 results: revenue $3,850M - $3,950M.

Period: fiscal year 2022
Revenue: $3,850M - $3,950M
Result: guidance update

Exact text from the filing

FY 2022 Outlook (4) FY 2021 Actuals FY 2022 Outlook Adj. Revenue (1) $4,070M $3,850M - $3,950M Adj. EBITDA (1) / Adj. EBITDA Margin (1) $448M / 11.0% 10.0% - 10.5% Adj. Free Cash Flow (2) as % of Adj. EBITDA (1) Approx. 18% (3) Approx. 15% (3)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONDUENT Inc reported third quarter 2022 results: revenue $977M, net income $15, EPS $0.06.

Period: third quarter 2022
Revenue: $977M
Net income: $15
EPS: $0.06
Result: reported results

Exact text from the filing

Conduent Reports Third Quarter 2022 Financial Results Key Q3 2022 Highlights • Results consistent with expectations • Revenue and Adj. Revenue (1) : $977M • Pre-tax Income: $23M • Adj. EBITDA Margin (1) : 10.7% • New business signings ACV (2) : $191M • Annual Recurring Revenue (ARR) signings: $89M • Net ARR Activity Metric (2) (TTM): $70M

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

CONDUENT Inc filing history →

Source: SEC EDGAR

accession 0001677703-22-000041

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