2022-05-03 16:10:35 CNDT Conduent
05/03/22 05/0316:10 05/03/2216:10 | Conduent reports Q1 adjusted EPS 10c, consensus 6cReports Q1 revenue $967M, consensus $961.67M. Cliff Skelton, Conduent President and CEO stated, "Q1 2022 was another solid quarter where we met or exceeded expectations. New business sales were strong, with Total Contract Value signed in the quarter increasing by more than 30 percent year-over-year, representing our highest-ever Q1 performance. We recently announced our intention to separate the Transportation business to unlock additional value and we believe the best course of action will be to spin that business as opposed to a sale, at this point in time. It's important to note that our dedicated associates continue to be the backbone of our company and culture, as reflected in the numerous recognitions we received in Q1. We are encouraged about the future because, even as economic conditions remain volatile, clients continue to seek business process outsourcing capabilities to increase efficiency, enhance customer experience and improve performance. We continue to be strongly positioned as a partner of choice to provide these critical services and solutions." |
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