secwatch.observer — SEC 8-K summary
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Issuer:     CONDUENT Inc (CNDT)
CIK:        0001677703
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001677703-23-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1677703/000167770323000032/0001677703-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1677703/000167770323000032/cndt-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001677703-23-000032

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