Business
Conduent Reports First Quarter 2025 Financial Results
Key Q1 2025 Highlights Revenue and Adj. Revenue(1): $751MPre-tax Income (Loss): $(56)MAdj. EBITDA Margin(1): 4.9%New Business Signings ACV(2): $109MNet ARR
About this update from Conduent Incorporated
[{"type":"text","content":"Key Q1 2025 Highlights Revenue and Adj. Revenue(1): $751MPre-tax Income (Loss): $(56)MAdj. EBITDA Margin(1): 4.9%New Business Signings ACV(2): $109MNet ARR Activity Metric(2) (TTM): $116M FLORHAM PARK, N.J., May 07, 2025 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a global technology-led business process solutions and services company, today announced its first quarter 2025 financial results. Cliff Skelton, Conduent President and Chief Executive Officer stated, “Conduent had a good start to 2025, especially amidst the broad uncertainty in the macro-economic landscape. Our results are in line with internal expectations and consistent with our 2025 outlook with respect to Adjusted Revenue, and Adjusted EBITDA margins exceeded expectations. New business signings and our Net ARR Activity Metric, both signals of future growth, improved on a year-over-year basis. Operating cash flow comparison was negatively influenced by several one-time events in 2024 which when normalized, was better versus Q1 2024. Fortunately, while macro-economic and geopolitical environments affect everyone, most of our business segments are somewhat insulated from trade and government efficiency challenges, and in some cases, may benefit from opportunities. Our portfolio rationalization efforts are being reinvigorated with additional opportunities and are on track toward achieving more than $1B in deployable capital. Finally, we remain confident in achieving our previously stated 2025 exit rate targets we outlined two years ago.” Key Financial Q1 2025 Results ($ in millions, except margin and per share data)Q1 2025Q1 2024CurrentQuarterY/Y B/(W)Revenue$751$921(18.5)%Adjusted Revenue(1)$751$821(8.5)%GAAP Net Income (Loss)$(51)$99n/mAdjusted EBITDA(1)$37$362.8%Adjusted EBITDA Margin (1)4.9%4.4%50 bpsGAAP Income (Loss) Before Income Tax$(56)$127n/mGAAP Diluted EPS$(0.33)$0.46n/mAdjusted Diluted EPS(1)$(0.13)$(0.09)(44.4)%Cash Flow from Operating Activities$(58)$(37)(56.8)%Adjusted Free Cash Flow(1)$(74)$(60)(23.3)% Performance CommentaryConduent's liquidity position at the end of the quarter remained strong with $293 million of cash and our $550 million revolving credit facility largely undrawn. Pre-tax income (loss) for the first quarter of 2025 was $(56) million versus $127 million in the prior year period. This decrease is primarily driven by the ...