CNDT - Conduent EPS beats by $0.06 misses on revenue updates FY guidance

Conduent (NASDAQ:CNDT): Q2 Non-GAAP EPS of $0.20 beats by $0.06; GAAP EPS of $0.04 beats by $0.05. Revenue of $1.02B (flat Y/Y) misses by $10M. Adj. EBITDA Margin(1): 12.5%; up 170 bps Yr/Yr Strong financial performance achieving significant milestones, including Yr/Yr revenue growth and record new business signings Continued new business growth: Q2 2021 Total Contract Value new business signings of $775M, an increase of 24% vs Q2 2020 Q2 2021 Annual Recurring Revenue (NYSE:ARR) signings of $115M, an increase of 10% vs Q2 2020 Updated FY 2021 Guidance: Revenue from $4,163M to $4,100M - $4,175M; Adj. EBITDA/ Adj. EBITDA Margin from $480M / 11.5% to 11.25% - 11.75%; Adj. Free Cash Flow as % of Adj. EBITDA from 28% to Approx. 20% Shares +8.2%. Press Release

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Conduent EPS beats by $0.06, misses on revenue, updates FY guidance