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Mar 31, 2021
Conduent Q1 2021 Earnings Report
Conduent's financial performance exceeded expectations, driven by Government Payments, new business ramp, and efficiency progress.
Key Takeaways
Conduent reported a revenue of $1,028 million, a decrease of 2.2% year-over-year. The adjusted EBITDA margin was 11.2%, up 210 bps year-over-year. The company also saw strong sales performance with $356 million in new business TCV signings, a 10% increase over Q1 2020.
Revenue was $1,028 million, down 2.2% year-over-year.
Adjusted EBITDA Margin was 11.2%, up 210 bps year-over-year.
New business TCV signings were $356 million, a 10% increase over Q1 2020.
Annual Recurring Revenue (ARR) signings of $95M, an increase of 67% vs Q1 2020
Forward Guidance
Conduent updated its FY 2021 guidance with revenue between $4,050M - $4,150M, Adj. EBITDA Margin between 11.0% - 11.5%, and Adj. Free Cash Flow as % of Adj. EBITDA approximately 20%.
Positive Outlook
- Revenue between $4,050M - $4,150M
- Adj. EBITDA Margin between 11.0% - 11.5%
- Adj. Free Cash Flow as % of Adj. EBITDA approximately 20%
- Improvements in service delivery leading to higher client satisfaction
- Leveraging technology such as Automation, Machine Learning, Cloud and AI as well as 3rd Party Partnerships to enhance solutions and drive client value
Historical Earnings Impact
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Avg. Return Before/After Earnings
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