Conduent Incorporated (CNDT) Tops Q2 EPS by 17c

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Go back to Conduent Incorporated (CNDT) Tops Q2 EPS by 17c

Conduent Reports Stronger than Expected Second Quarter 2020 Results with Significantly Increased New Business Signings

August 6, 2020 4:05 PM EDT

Key Highlights

Revenue and Adjusted EBITDA both well-above expectationsStrong New Business signings results  Total Contract Value of signings: $623M (strongest quarter since spin1), up 90% year-over-year and 92% quarter-over-quarterAnnual Recurring Revenue of signings: $105M, up 25% year-over-year and 84% quarter-over-quarter On track to overachieve FY 2020 $100+ million cost reduction programContinued year-over-year improvement in operational and technical performance, strengthening client retention

FLORHAM PARK, N.J., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Conduent (NASDAQ: CNDT), a business process services and solutions company,... More