NASDAQ$CNDT

Conduent Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Achieved record quarter of year-over-year revenue growth and new business signings.

Conduent reported a successful second quarter in 2021, achieving year-over-year revenue growth and record new business signings. Revenue increased by 1.0% year-over-year, and new business TCV signings reached $775 million, a 24% increase compared to Q2 2020. The company's adjusted EBITDA also saw a significant increase of 16.4% year-over-year.

  • Revenue was $1,026 million, up 1.0% year-over-year.
  • Adjusted EBITDA margin was 12.5%, up 170 bps year-over-year.
  • New business TCV signings reached $775 million, a 24% increase compared to Q2 2020.
  • Annual Recurring Revenue (ARR) signings were $115 million, a 10% increase compared to Q2 2020.

Headline financials

Total Revenue

$1.03B

Previous: $1.02B+1.0%
EPS (adj)

$0.20

Previous: $0.12+66.7%
Adjusted EBITDA Margin

12.5%

Previous: 10.8%+15.7%
Capital Expenditures

-$39M

Previous: -$30M-30.0%
Free Cash Flow

-$27M

Previous: -$81M+66.7%
Net Income

$12M

Previous: -$51M+123.5%
Operating Income

$75M

Previous: $41M+82.9%
Gross Profit

$254M

Previous: $221M+14.9%
Cash & Equivalents

$397M

Previous: $428M-7.2%
Total Assets

$4.12B

Previous: $4.33B-4.7%
Stock-Based Comp

$6M

Previous: $5M+20.0%

Revenue & EPS history

Conduent · Revenue · Quarterly

$1.03B

Q2 2021+1%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Conduent updated its full-year 2021 guidance, projecting revenue between $4,100 million and $4,175 million and an adjusted EBITDA margin between 11.25% and 11.75%. Adjusted Free Cash Flow is expected to be approximately 20% 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 Q2 2021

Historical avgQ2 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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