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Mar 31, 2020
Conduent Q1 2020 Earnings Report
Conduent's Q1 2020 performance was impacted by COVID-19, but the company saw increased new business signings and continued to provide critical services to clients.
Key Takeaways
Conduent reported revenue above expectations despite COVID-19 impact. The company's business continuity planning was successful with approximately 75% of associates working from home. New business signings increased by 44% compared to Q1 2019.
Revenue exceeded expectations despite COVID-19 impact.
Successfully transitioned approximately 75% of associates to work-from-home.
New business signings increased by 44% compared to Q1 2019.
Continued to provide critical services to clients amidst the global crisis.
Forward Guidance
Conduent is adapting its transformation plan to focus on post-COVID-19 cost savings initiatives and expects volume pressure and associated profit impacts to continue in Q2 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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