CNSWF - Why Is SaaS Company Conduent Stock On Fire Today? | Benzinga
Conduent Inc (NASDAQ:CNDT) shares are trading higher after the company reported better-than-expected first-quarter FY24 earnings.
The SaaS company reported a first-quarter FY24 sales decline of 0.1% year-on-year to $921 million, beating the analyst consensus estimate of $895 million.
The new business annual contract value (ACV) totaled $99 million. Total operating costs and expenses declined 14.6% to $794 million.
Adjusted EBITDA declined 23.3% Y/Y to $69 million, with margin contracting 230 bps Y/Y to 7.5%. Adjusted ...