NASDAQ$CNDT
Conduent Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Conduent's financial performance in Q1 2022 showed mixed results with revenue decline offset by a significant increase in net income, driven by strategic divestitures and strong new business sales.
Conduent's Q1 2022 results revealed a decrease in revenue compared to the previous year, primarily due to lower non-recurring stimulus payments in the Government Services sector. However, net income saw a substantial increase, boosted by gains from the sale of the Midas divestiture and insurance recoveries. New business sales demonstrated strong growth, particularly in the Transportation segment.
- Revenue was $967 million, reflecting a 5.9% decrease year-over-year.
- Net income significantly increased to $136 million, compared to a loss of $11 million in the same quarter last year.
- Adjusted EBITDA stood at $107 million with a margin of 11.1%, benefiting from a one-time recovery of $14 million in defense costs.
- New business TCV signings increased by 32% to $464 million, with new business ARR up 14% to $107 million.
Headline financials
Revenue & EPS history
Conduent · Revenue · Quarterly
$967M
Forward guidance
Conduent provided its FY 2022 outlook, anticipating adjusted revenue between $3.825B and $3.975B, adjusted EBITDA margin between 9.5% and 10.5%, and adjusted free cash flow as approximately 15% of adjusted EBITDA.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-1.0%
Avg return
Earnings day
-1.9%
Avg return
5 days after
-0.7%
Avg return
30 days after
53%
21 / 40 earnings
Positive
+84.8%
Q2 2020
Best reaction
-40.0%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | -21.0% | -23.9% | |
| Q4 2025 | +0.4% | +3.0% | -3.7% | |
| Q3 2025 | -20.1% | -14.0% | -12.2% | |
| Q1 2025 | -3.0% | +12.2% | +29.8% | |
| Q4 2024 | -6.2% | -4.3% | -28.7% | |
| Q3 2024 | +10.0% | +15.6% | +8.6% | |
| Q2 2024 | -14.0% | -15.1% | +1.1% | |
| Q1 2024 | +16.8% | +22.5% | +11.1% | |
| Q4 2023 | +8.8% | +7.4% | -3.5% | |
| Q3 2023 | -18.2% | -22.6% | -0.6% | |
| Q2 2023 | +5.0% | -3.2% | -7.6% | |
| Q1 2023 | -17.2% | -13.3% | -1.8% | |
| Q4 2022 | -3.7% | -3.2% | -23.3% | |
| Q3 2022 | -7.0% | -9.0% | +1.0% | |
| Q2 2022 | -10.3% | -6.9% | -13.7% | |
| Q1 2022 | -15.5% | -16.9% | -2.2% | |
| Q4 2021 | +0.0% | +2.1% | +0.9% | |
| Q3 2021 | -12.7% | -14.8% | -26.6% | |
| Q2 2021 | +10.5% | +9.5% | +18.4% | |
| Q1 2021 | +2.8% | +2.7% | +8.4% | |
| Q4 2020 | -10.1% | -10.6% | +25.3% | |
| Q3 2020 | +7.8% | +8.0% | +21.1% | |
| Q2 2020 | +84.8% | +80.8% | +65.3% | |
| Q1 2020 | +2.3% | -11.6% | +32.7% | |
| Q4 2019 | -16.8% | -26.9% | -58.0% | |
| Q3 2019 | +10.6% | -1.3% | -1.8% | |
| Q2 2019 | -23.5% | -20.9% | -21.9% | |
| Q1 2019 | -40.0% | -33.2% | -29.5% | |
| Q4 2018 | +5.6% | +3.9% | -6.3% | |
| Q3 2018 | -31.2% | -27.9% | -37.8% | |
| Q2 2018 | +6.5% | +6.1% | +21.9% | |
| Q1 2018 | -2.1% | -1.1% | +4.1% | |
| Q4 2017 | +14.3% | +19.0% | +19.3% | |
| Q3 2017 | +1.3% | +1.7% | -3.8% | |
| Q2 2017 | +8.4% | +7.9% | +1.3% | |
| Q1 2016 | +1.2% | -1.5% | -1.7% | |
| Q1 2017 | -3.8% | -2.6% | -5.4% | |
| Q4 2014 | +1.7% | +2.8% | +4.9% | |
| Q2 2016 | +1.7% | +2.8% | +4.9% | |
| Q4 2016 | +14.3% | -0.2% | +4.1% | |
| Q4 2015 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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