Conduent Q1 revenue $922M (-4.7% YoY), net loss $6M vs prior-year income $136M

CONDUENT Inc

2023-Q1 EPS reported -$0.04 revenue$922,000,000

GAAP diluted EPS $(0.04) vs $0.61; adjusted diluted EPS $0.00 vs $0.10.
Adjusted EBITDA $90M (15.9% decline), margin 9.8% vs 11.1%.
New business signings ACV $125M; net ARR activity metric TTM $108M.
FY 2023 outlook: adj. revenue $3.7B-$3.8B, adj. EBITDA margin 10.0%-10.8%.
Cash from ops $(12)M; adjusted free cash flow $(37)M, improved from $(65)M.

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 0.95

CONDUENT Inc reported first quarter 2023 results: revenue $922M, net income $(6), EPS $(0.04).

Period: first quarter 2023
Revenue: $922M
Net income: $(6)
EPS: $(0.04)
Result: reported results

Exact text from the filing

100 Campus Drive, Suite 200 Florham Park, NJ 07932 www.conduent.com Conduent Reports First Quarter 2023 Financial Results Key Q1 2023 Highlights • Revenue and Adj. Revenue (1) : $922M • Pre-tax Income (Loss): $(8)M • Adj. EBITDA Margin (1) : 9.8% • New business signings ACV (2) : $125M • Net ARR Activity Metric (2) (TTM): $108M FLORHAM PARK, NJ, May 3, 2023 -

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CONDUENT Inc filing history →

Source: SEC EDGAR

accession 0001677703-23-000032

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