Litigation costs (recoveries), net represents provisions for various matters subject to litigation. Projected Annual Recurring Revenue for contracts signed in the prior 12 months, less the annualized impact of any client losses, contractual volume and price changes, and other known impacts for which the company was notified in that same time period, which could positively or negatively impact results. Yes. Conduents solutions deliver exceptional outcomes for its clients including $18 billion in savings from medical bill review of workers compensation claims, up to 40% efficiency increase in HR operations, up to 27% reduction in government benefits costs, up to 40% improvement in finance, accounting and procurement expense, and improved customer service interaction times by up to 20% with higher end-user satisfaction. Society for HR Management, Navigating COVID-19, Impact of the Pandemic on Metal Health, May 2020 Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable U.S. GAAP measures and should be read only in conjunction with our Consolidated Financial Statements prepared in accordance with U.S. GAAP. 313 0 obj <>/Filter/FlateDecode/ID[<28E402DF5CB4D847AC696F8DC6F3621F>]/Index[294 28]/Info 293 0 R/Length 98/Prev 118551/Root 295 0 R/Size 322/Type/XRef/W[1 3 1]>>stream ET. Return to Work 2020 - Conduent CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied herein as anticipated, believed, estimated, expected or intended or using other similar expressions. McKinsey Digital, Global Survey, May 2019, Legal, Compliance, and Analytics Solutions, Return to Work 2020: 6 Imperatives for HR Managers. Conduent Announces First Quarter 2022 Financial Results, Conduent to Report First-Quarter 2023 Financial Results on May 3, 2023, Conduent to Host Virtual Investor Briefing on March 30, 2023, Conduent Reports Fourth Quarter and Full Year 2022 Financial Results, Cost of services (excluding depreciation and amortization), Selling, general and administrative (excluding depreciation and amortization), Research and development (excluding depreciation and amortization), (Gain) loss on divestitures and transaction costs, Shares of common stock issued and outstanding, Shares of series A convertible preferred stock issued and outstanding. IF YOU HAVE ANY CONCERNS ABOUT COMMUNICATIONS FROM RECRUITERS CLAIMING TO BE FROM CONDUENT, PLEASE DONT HESITATE TO VERIFY BY CONTACTING CONDUENT HR AT: RECRUITMENTFRAUD@CONDUENT.COM. endstream endobj 295 0 obj <. Tax effects were immaterial. To better understand trends in our business, we believe that it is helpful to adjust revenue to exclude the impact of changes in the translation of foreign currencies into U.S. The Net ARR Activity Metric for Q4 2021 was strong at $128M, up 113% versus Q4 2020 and continues to be positive for the fifth consecutive quarter. Cliff Skelton, Conduent President and CEO stated, "In 2021, we met or exceeded our commitments. Scan this QR code to download the app now. New Business ACV of $180M increased for the fourth consecutive quarter, with strong contributions of $124M from the Commercial segment. Free Cash Flow is defined as cash flows from operating activities as reported on the consolidated statement of cash flows, less cost of additions to land, buildings and equipment, cost of additions to internal use software, and proceeds from sales of land, buildings and equipment. The Official website of U.S. Army Garrison Bavaria. When you join Conduent, you are engaged in creating the future - both our company's and your own. Learn more at https://www.conduent.com . Integrate new workplace policies Any forward-looking statements made by us in this release speak only as of the date on which they are made. We also internally use these measures to assess our operating performance, both absolutely and in comparison to other companies, and in evaluating or making selected compensation decisions. Refer to the "Non-GAAP Financial Measures" section attached to this release for a discussion of these non-GAAP measures and their reconciliation to the reported U.S. GAAP measures. A description of the adjustments which historically have been applicable in determining Adjusted EBITDA are reflected in the table below. We believe these non-GAAP measures allow investors to better understand the trends in our business and to better understand and compare our results. instructions at Seller's risk and expense or return such items to Seller at Seller's risk and expense. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. %%EOF Restructuring and related costs include restructuring and asset impairment charges as well as costs associated with our strategic transformation program. Join our Talent Network and get Conduent news and job alerts delivered to your inbox. Purchase Order Terms and Conditions . PDF Steps for Returning Stand-Beside POS Equipment - Virginia Department of Interest expense includes interest on long-term debt and amortization of debt issuance costs. In 2021, Conduent Transportation identified an opportunity to help address violence against women, girls, and vulnerable people by expanding the Ask for Angela campaign beyond the hospitality industry, The month of December is a busy month, filled with holidays and celebrations, many of which include gift-giving and good food -- lots and lots of good food! Conduent GSP February 2021 . Contact Us Your Experienced Partner: More than 44,000 multi-skilled interaction specialists 200+ languages supported 1 billion customer communications handled by our contact centers annually 26 billion In addition, we have discussed our financial results using non-GAAP measures. Q1 2022 Performance Commentary Conduent Careers Stateside blog, 2020 State and Local Government Responses to COVID-19, July 2020, 2. Shifting Contact Centers to Work-at-Home: 4 Essential Truths - Conduent Want more information about Conduent's business or solutions? When I got on the train to Nuernberg, I . 2. Litigation settlements (recoveries), net represents settlements or recoveries for various matters subject to litigation. However, these non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Companys reported results prepared in accordance with U.S. GAAP. He got the equipment, but now wants to send it back. Its important to note that our dedicatedassociates continue to be the backbone of our company and culture, as reflectedinthe numerous recognitions we received in Q1. Conduent Blog Return to Work 2020: 6 Imperatives for HR Managers Return to Work 2020: 6 Imperatives for HR Managers Published DateAugust 21, 2020 As HR leaders prepare for the next major shift, here are six imperatives that are guiding many of the mission-critical decisions that are happening right now. 245 0 obj <>/Filter/FlateDecode/ID[<629C86D788644B4A866D507855ED20DA>]/Index[223 39]/Info 222 0 R/Length 108/Prev 201009/Root 224 0 R/Size 262/Type/XRef/W[1 3 1]>>stream 3. [Question] How to return equipment to Conduent? : r/WorkOnline - Reddit We refer to this adjusted revenue as constant currency. Currency impact is determined as the difference between actual growth rates and constant currency growth rates. FLORHAM PARK, N.J., May 03, 2022 (GLOBE NEWSWIRE) -- Conduent (NASDAQ: CNDT), a business process services and solutions company, today announced its first quarter 2022 financial results. Whether working remotely or in an office our sense of community is nurtured by constant interaction, collaboration, and connection. We use Adjusted Free Cash Flow, in addition to Free Cash Flow, to provide supplemental information to our investors concerning our ability to generate cash from our ongoing operating activities and for performance based components of employee compensation; by excluding certain deferred compensation costs and our one-time Texas settlement costs, as well as transaction costs and transaction cost tax benefits related to acquisitions or divestitures, we believe we provide useful additional information to our investors to help them further understand our ability to generate cash period-over-period as well as added information on comparability to our competitors. The amortization of acquired intangible assets is driven by acquisition activity, which can vary in size, nature and timing as compared to other companies within our industry and from period to period. Centers for Disease Control and Prevention, COVID-19 Pandemic Planning Scenarios, July 2020 In providing the outlook for Adjusted EBITDA we exclude certain items which are otherwise included in determining the comparable U.S. GAAP financial measure. Goodwill impairment. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable U.S. GAAP measures and should be read only in conjunction with our Consolidated Financial Statements prepared in accordance with U.S. GAAP. The metric annualizes the net impact to revenue. This represents Goodwill impairment charges related to the unanticipated losses of certain customer contracts, lower potential future volumes and lower than expected new customer contracts for all reporting units. Adjustments required to reconcile net income (loss) to cash flows from operating activities: (Gain) loss on divestitures and sales of fixed assets, net, Changes in operating assets and liabilities, Net cash provided by (used in) operating activities, Cost of additions to land, buildings and equipment, Cost of additions to internal use software, Net cash provided by (used in) investing activities, Net cash provided by (used in) financing activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Increase (decrease) in cash, cash equivalents and restricted cash, Cash, Cash Equivalents and Restricted Cash at Beginning of Period, Amortization of acquired intangible assets, Divestitures depreciation and amortization, Restricted stock and performance units / shares, EBITDA Margin Before Adjustment for Divestitures, Portion of Texas litigation settlement (recoveries) recognized in Litigation settlements (recoveries), net, Annual Recurring Revenue (ARR) signings: $107M, Total Contract Value (TCV) new business signings: $464M, Recognized as a Supplier of the Year by General Motors for the second year in a row, Named a Leader on Everest Group Healthcare Payer Operations PEAK Matrix Assessment 2022, Recognized as a Rising Leader CX Operations Transformation - Cost Optimization Capability by NelsonHall, Named a Top 15 Service & Technology Provider Standout by the U.S. Information Services Group (ISG), Named to Government Technology magazines 2022 GovTech 100 for making a difference in working with state and local government agencies across the United States, Earned a perfect score of 100 on the Human Rights Campaign Foundations 2022 Corporate Equality Index (CEI), measuring policies and practices related to LGBTQ workplace equality, Honored by Comparably with two Best Places to Work Awards for 2021, including one of the Best Companies for Women and one of the Best Companies for Diversity, placing Conduent among the Top 100 highest-rated companies in these categories. Adjusted EBITDA of $87M and Adjusted EBITDA Margin of 9.4% were in line with expectations. We use Adjusted EBITDA and Adjusted EBITDA Margin as an additional way of assessing certain aspects of our operations that, when viewed with the U.S. GAAP results and the accompanying reconciliations to corresponding U.S. GAAP financial measures, provide a more complete understanding of our on-going business. 321 0 obj <>stream He's emailed the "New Hiring Coordinator" multiple times over the past week. Non-GAAP Reconciliations: Revenue at Constant Currency, Adjusted Net Income (Loss), Adjusted Effective Tax, Adjusted Operating Income (Loss) and Adjusted EBITDA were as follows: (1) Included in Depreciation and amortization on the Consolidated Statements of Income (Loss). FLORHAM PARK, N.J., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Conduent (NASDAQ: CNDT), a business process services and solutions company, today announced its fourth quarter and full year 2021 financial results. 1. Principles and guidelines to jumpstart your organizations commitment to equity in the workplace. Sources: Conduent, Inc. (CNDT) Q1 2021 Earnings Call Transcript It is why most Fortune 100 companies and over 500 government entities depend on Conduent every day to manage their essential interactions and move their operations forward. I' was born in Nuernberg . Additional Q1 2022 Performance Highlights Monitor workplace health using scalable solutions Management will present the results during a conference call and webcast on February16, 2022 at 5:00 p.m. Conduent tier 1 tech Equipment? : WorkOnline - Reddit <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> This includes charges in connection with the abandonment of a cloud computing project. Anyone got any advice or an idea of where to send it back to? Net ARR Activity Metric ( 2) (TTM): Q4 $128M. Conduent only uses @conduent.com for email communications Free Cash Flow and Adjusted Free Cash Flow Reconciliation: Thank you. Represents (gain) loss on divested businesses and transaction costs. CONDUENT INCORPORATED 0 Conduent Reports Third Quarter 2022 Financial Results (3) The tax impact of Adjusted Pre-tax income (loss) from continuing operations was calculated under the same accounting principles applied to the 'As Reported' pre-tax income (loss), which employs an annual effective tax rate method to the results and without regard to the adjustments listed. Such as with Free Cash Flow information, as so adjusted, it is specifically not intended to provide amounts available for discretionary spending. " Sweet memories, they hurt so good! Our team of child support subject matter experts participate in the conference and other NCSEA activities throughout the year. Parking and Curbside Management Market Size 2023 with - MarketWatch We believe these non-GAAP measures allow investors to better understand the trends in our business and to better understand and compare our results. Our people are united in their passion to make a positive difference - within their teams, communities, and society at large. For the same reason, we are unable to provide GAAP expected adjusted tax rate, which adjusts for our non-GAAP adjustments. All statements other than statements of historical fact included in this press release are forward-looking statements, including, but not limited to, statements regarding our financial results, condition and outlook; changes in our operating results; general market and economic conditions; our plans to separate the Transportation business to unlock additional value; that the best course of action will be to spin the Transportation business as opposed to a sale; expectations regarding our clients continuing to seek business process outsourcing capabilities to increase efficiency, enhance customer experience and improve performance; our belief that we are strongly positioned as a partner of choice to provide these critical services and solutions; and our projected financial performance for the full year 2022, including all statements made under the section captioned FY 2022 Outlook within this release. hbbd```b``+@$7dHFMLnHq0,{LV9$cD .&O "DX You may be asked to provide the store's WIC Vendor ID number. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise. %PDF-1.6 % The tax effect of the non-GAAP adjustments was calculated based upon evaluation of the statutory tax treatment and the applicable statutory tax rate in the jurisdictions in which such charges were incurred. CONDUENT INCORPORATED The tax effect of the non-GAAP adjustments was calculated based upon evaluation of the statutory tax treatment and the applicable statutory tax rate in the jurisdictions in which such charges were incurred. The Net ARR Activity Metric for Q1 2022 was $102M, up 17% versus Q1 2021 and continues to be positive. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Promote health and wellness benefits Conference Call 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. (2) The tax impact of Adjusted Pre-tax income (loss) from continuing operations was calculated under the same accounting principles applied to the 'As Reported' pre-tax income (loss), which employs an annual effective tax rate method to the results and without regard to divestitures, charges for amortization of intangible assets, restructuring, loss on extinguishment of debt and charges for abandonment of a cloud computing project. Please provide the following information to help us route your request to the appropriate person. We focused on execution, efficiency, driving improved client and end-user experiences and received recognition for our culture, technology-enabled solutions and overall delivery excellence. 2 0 obj Whether its touching three out of every four health insured lives and delivering 45% of SNAP payments in the U.S., or enabling 1.3 billion customer service interactions and empowering 10 million employees through HR services worldwide, Conduent services and solutions interact with millions of people every day and move our clients operations forward. 4. Projected Annual Recurring Revenue for contracts signed in the prior 12 months, less the annualized impact of any client losses, contractual volume and price changes, and other known impacts for which the company was notified in that same time period, which could positively or negatively impact results.
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