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Jun 30, 2020
Conduent Q2 2020 Earnings Report
Conduent reported stronger than expected results, driven by Government segment performance and significant new business signings.
Key Takeaways
Conduent's Q2 2020 results exceeded expectations with revenue of $1,016 million and adjusted EBITDA of $110 million. The company saw a 90% year-over-year increase in new business signings and is on track to overachieve its $100+ million cost reduction program.
Revenue and Adjusted EBITDA were well above expectations.
New business signings were strong, with a Total Contract Value of $623M, up 90% year-over-year.
Annual Recurring Revenue of signings reached $105M, up 25% year-over-year.
The company is on track to overachieve its FY 2020 $100+ million cost reduction program.
Forward Guidance
Conduent anticipates Q3 2020 revenue to be $960 million to $1.01 billion and an Adjusted EBITDA margin of between 10.0% and 11.5%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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