secwatch.observer — SEC 8-K summary
======================================

Issuer:     CONDUENT Inc (CNDT)
CIK:        0001677703
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001677703-23-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conduent Q4 revenue $986M, net loss $333M; FY23 adj. revenue guide $3.7-3.8B
----------------------------------------------------------------------------

- Q4 GAAP net loss $333M, diluted EPS $(1.55); includes $358M goodwill impairment.
- Adjusted EBITDA $95M (9.6% margin), down 9.5% YoY; FY22 adj. EBITDA $394M (10.2% margin).
- Q4 new business ACV $194M; FY22 ACV $732M; Net ARR activity metric $114M (+64% QoQ).
- FY23 outlook: adj. revenue $3.7-3.8B (down ~4-5% from FY22), adj. EBITDA margin 10.0-10.8%.
- Liquidity >$1.1B; FY23 adjusted free cash flow expected at 15-20% of adj. EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1677703/000167770323000005/0001677703-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1677703/000167770323000005/cndt-20230214.htm
  HTML page:      https://secwatch.observer/filing/0001677703-23-000005

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