secwatch.observer — SEC 8-K summary
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Issuer:     CONDUENT Inc (CNDT)
CIK:        0001677703
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001677703-22-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1677703/000167770322000041/0001677703-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1677703/000167770322000041/cndt-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001677703-22-000041

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