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

Issuer:     CONDUENT Inc (CNDT)
CIK:        0001677703
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001677703-23-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conduent Q2 revenue $915M (-1.4% YoY); Adj EBITDA margin 10.2%, up 80 bps; new business ACV $208M
--------------------------------------------------------------------------------

- GAAP net loss $7M vs breakeven prior year; GAAP diluted EPS $(0.04) vs $(0.01).
- Adjusted EBITDA $93M (+6.9% YoY); adj. diluted EPS $0.01 vs $0.03.
- New business ACV $208M with $1.36B TCV, driven by $1B Victoria, Australia transit deal.
- Net ARR (TTM) $137M, up 31% YoY and 26% sequentially; FY 2023 adj. revenue outlook $3.7B-$3.8B.
- First BPO provider to process FedNow instant payments; repurchased 266,765 shares in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1677703/000167770323000049/0001677703-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1677703/000167770323000049/cndt-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001677703-23-000049

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