Conduent Q2 revenue misses estimates; adjusted EBITDA rises
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
