Overview
Conduent Q2 revenue fell 8.9% yr/yr, missing analyst expectations
Adjusted EPS for Q2 beat estimates, showing a 7.1% improvement
Adjusted EBITDA margin rose to 4.9% from 3.1%, indicating improved efficiency
Outlook
Conduent expects FY 2025 adjusted revenue of $3.1 bln to $3.2 bln
Company anticipates FY 2025 adjusted EBITDA margin of 5.0% to 5.5%
Government decisions may unlock opportunities for Government segment
Result Drivers
DIVESTITURES - Revenue decline attributed to divestiture-driven gains from BenefitWallet and Curbside Management sales
TRANSPORTATION SEGMENT - Investments in technology platforms accelerated performance in Transportation segment
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$754 mln
Q2 Adjusted Revenue
Miss
$754 mln
$763.70 mln (3 Analysts)
Q2 Adjusted EPS
Beat
-$0.13
-$0.14 (2 Analysts)
Q2 EPS
-$0.26
Q2 Net Income
-$40 mln
Q2 Adjusted EBITDA
$37 mln
Q2 Adjusted EBITDA Margin
4.9%
Press Release: ID:nGNX4wRdN6
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)