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Jun 30, 2023
Conduent Q2 2023 Earnings Report
Conduent's Q2 performance exceeded expectations with respect to revenue, EBITDA, Net ARR and new business signings.
Key Takeaways
Conduent's Q2 2023 revenue was $915 million. The company signed a $1 billion TCV deal with the State of Victoria, Australia. The company is the first BPO provider to process transactions through the US Federal Reserve’s FedNowSM Service.
Revenue and Adjusted Revenue were $915 million.
Adjusted EBITDA margin was 10.2%.
New business signings ACV was $208 million.
Net ARR Activity Metric (TTM) was $137 million.
Forward Guidance
Conduent provided FY 2023 outlook. Adjusted Revenue is expected to be between $3.7 billion and $3.8 billion. Adjusted EBITDA margin is expected to be between 10.0% and 10.8%. Adjusted Free Cash Flow as a percentage of Adjusted EBITDA is expected to be between 15% and 20%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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