CNDT - Conduent EPS beats by $0.03 revenue in-line

Conduent (NASDAQ:CNDT): Q3 Non-GAAP EPS of $0.19 beats by $0.03; GAAP EPS of $0.04 beats by $0.01. Revenue of $1.04B in-line (flat Y/Y). Press Release Year-to-date sales performance is up 4% in new business TCV signings and up 15% in new business ARR compared to the prior year period. Q3 2021 contributed $344M in new business TCV signings and $87M in new business ARR. The Net ARR Activity Metric for Q3 2021 was strong at $132M, up 25% from Q2 2021 and continues to be positive for the fourth consecutive quarter. FY 2021 Outlook: Revenue $4,100M - $4,175M, Adj. EBITDA Margin 11.25% - 11.75%, Adj. Free Cash Flow as % of Adj. EBITDA Approx. 20%.

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Conduent EPS beats by $0.03, revenue in-line