CNDT - Conduent Non-GAAP EPS of $0.01 revenue of $915M; reaffirms FY23 outlook
2023-08-02 08:07:07 ET
- Conduent press release ( NASDAQ: CNDT ): Q2 Non-GAAP EPS of $0.01.
- Revenue of $915M (-1.4% Y/Y).
- Adjusted EBITDA of $93M and Adjusted EBITDA Margin of 10.2% were also ahead of expectations, and higher than the prior year period.
- New business signings ACV: $208M.
- Net ARR Activity Metric: $137M.
- FY 2023 Outlook: Adj. Revenue of $3,700M - $3,800M vs. consensus of $3.78B; Adj. EBITDA/ Adj. EBITDA Margin of 10.0% - 10.8%; Adj. Free Cash Flow as % of Adj. EBITDA of 15% - 20%.
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Conduent Non-GAAP EPS of $0.01, revenue of $915M; reaffirms FY23 outlook