Conduent Reports Stronger than Expected Second Quarter 2020 Results with Significantly Increased New Business Signings
Key Highlights
Revenue and Adjusted EBITDA both well-above expectations
Strong New Business signings results
Total Contract Value of signings: $623M (strongest quarter since spin1), up 90% year-over-year and 92% quarter-over-quarter
Annual 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 program
Continued year-over-year improvement in operational and technical performance, strengthening client retention
Revenue for the quarter beat expectations due to better than expected results in the Government and Transportation segments.
strong sales performance with $623M in new business signings, a 90% increase over Q2 2019 and a 92% increase over Q1 2020. This represents the strongest signings quarter for the company since its spin-off as a standalone public company(1).
finance.yahoo.c...-200500578.html?guce_refer...
Conduent reported Q2 earnings per share at $0.12/share, which beat analyst predictions of $-0.05/share.
Key Highlights
Revenue and Adjusted EBITDA both well-above expectations
Strong New Business signings results
Total Contract Value of signings: $623M (strongest quarter since spin1), up 90% year-over-year and 92% quarter-over-quarter
Annual 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 program
Continued year-over-year improvement in operational and technical performance, strengthening client retention
Revenue for the quarter beat expectations due to better than expected results in the Government and Transportation segments.
strong sales performance with $623M in new business signings, a 90% increase over Q2 2019 and a 92% increase over Q1 2020. This represents the strongest signings quarter for the company since its spin-off as a standalone public company(1).
finance.yahoo.c...-200500578.html?guce_refer...
Conduent reported Q2 earnings per share at $0.12/share, which beat analyst predictions of $-0.05/share.