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Dec 31, 2021
Conduent Q4 2021 Earnings Report
Conduent's Q4 2021 financial results were announced, showing a slight decrease in revenue but a strong Net ARR Activity metric.
Key Takeaways
Conduent's Q4 2021 revenue was $1,048 million, a slight decrease compared to the previous year. The Net ARR Activity Metric was strong at $128 million, and the company achieved several milestones in operational excellence and client satisfaction.
Revenue for Q4 2021 was $1,048 million.
Adjusted EBITDA margin for Q4 2021 was 10.9%.
Annual Recurring Revenue (ARR) signings for Q4 2021 were $111 million.
Net ARR Activity Metric (TTM) for Q4 2021 was $128 million, up 113% versus Q4 2020.
Forward Guidance
Conduent provided its FY 2022 and 2023 outlook, expecting revenue between $3,825M - $3,975M for FY 2022 and growth between 1% - 4% for FY 2023.
Positive Outlook
- Focus on execution and efficiency
- Driving improved client and end-user experiences
- Client satisfaction ratings have increased for the third consecutive year
- Contributing to new client wins and better retention
- Demonstrating growth in 2022 and beyond
Challenges Ahead
- Tapering of government payment volumes in the fourth quarter
- Adjusted EBITDA Margin of 10.9% due to tapering of government payment volumes
- Anticipated revenue between $3,825M - $3,975M for FY 2022
- Adjusted EBITDA margin between 9.5% - 10.5% for FY 2022
Historical Earnings Impact
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Avg. Return Before/After Earnings
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