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Jun 30, 2021
Conduent Q2 2021 Earnings Report
Achieved record quarter of year-over-year revenue growth and new business signings.
Key Takeaways
Conduent reported a successful second quarter in 2021, achieving year-over-year revenue growth and record new business signings. Revenue increased by 1.0% year-over-year, and new business TCV signings reached $775 million, a 24% increase compared to Q2 2020. The company's adjusted EBITDA also saw a significant increase of 16.4% year-over-year.
Revenue was $1,026 million, up 1.0% year-over-year.
Adjusted EBITDA margin was 12.5%, up 170 bps year-over-year.
New business TCV signings reached $775 million, a 24% increase compared to Q2 2020.
Annual Recurring Revenue (ARR) signings were $115 million, a 10% increase compared to Q2 2020.
Forward Guidance
Conduent updated its full-year 2021 guidance, projecting revenue between $4,100 million and $4,175 million and an adjusted EBITDA margin between 11.25% and 11.75%. Adjusted Free Cash Flow is expected to be approximately 20% of Adjusted EBITDA.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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