May. 12 at 1:49 PM
Noble Capital Markets Research Report: Conduent (
$CNDT) – Operational Reset Begins to Take Shape
Q1 results. Q1 revenue of
$723 million was modestly below our estimate of
$743 million, driven by ongoing softness in the Commercial segment, while adj. EBITDA of
$49 million exceeded our estimate of
$38 million, driven by improved cost performance, resulting in a 6.8% adj. EBITDA margin.
Read full report here: https://www.channelchek.com/news-channel/conduent-cndt-operational-reset-begins-to-take-shape
