---
schema_version: "secwatch.filing_event.v1"
accession: "0001677703-24-000071"
form_type: "8-K"
ticker: "CNDT"
cik: "0001677703"
company_name: "CONDUENT Inc"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:59:35.343426+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Conduent Q1 revenue flat at $921M; GAAP net income $99M on BenefitWallet gain; Adj. EBITDA margin 7.5%, down from 9.8%

## Summary
- Revenue $921M flat YoY; GAAP net income $99M vs $(6)M loss, driven by $164M gain from BenefitWallet transfer.
- Adjusted EBITDA $69M (margin 7.5%) vs $90M (9.8%) prior year; FY24 Adj. EBITDA margin guided 8%-9%, down from 10.2%.
- New business signings ACV $99M; Net ARR metric TTM $17M; CEO cites sales lag due to timing of opportunities.
- Closed sale of Curbside Management and Public Safety; BenefitWallet final tranche expected in May; prepaid $259M Term Loan B.
- FY24 outlook: revenue $3.6B-$3.7B (vs $3.722B); Adj. FCF as % of Adj. EBITDA guided 5%-10%.

## SEC filing metadata
- accession: 0001677703-24-000071
- form_type: 8-K
- ticker: CNDT
- cik: 0001677703
- company_name: CONDUENT Inc
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677703/000167770324000071/0001677703-24-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677703/000167770324000071/cndt-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001677703-24-000071
- JSON: https://secwatch.observer/filing/0001677703-24-000071.json
- Plain text: https://secwatch.observer/filing/0001677703-24-000071.txt

## Key facts
- Earnings Releases
  CONDUENT Inc reported first quarter 2024 results: revenue $921M, net income $99, EPS GAAP Diluted EPS $0.46.
  - Period: first quarter 2024
  - Revenue: $921M
  - Net income: $99
  - EPS: GAAP Diluted EPS $0.46
  - Result: reported results
  source text: Conduent Reports First Quarter 2024 Financial Results Key Q1 2024 Highlights • Revenue: $921M • Pre-tax Income: $127M
  evidence_url: https://www.sec.gov/Archives/edgar/data/1677703/000167770324000071/0001677703-24-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.