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Conduent Announces Q4 2020 Revenue Down 4.0% (-4.8% CC) to $1,055m

Financial Results

by Charlotte Carter

published on Mar 23, 2021

Conduent has announced financial results for Q4 2020 and Full Year 2020.

  • Revenue was $1,055m, down 4.0% y/y, down 4.8% in CC.
  • Adjusted EBITDA was $113m, a margin of 12.6%, up 8 bps y/y

FY 2020.

  • Revenue was $4,163m, down 6.0% y/y, down 6.5% in CC.
  • Adjusted EBITDA was $480m, a margin of 11.5%, up 4 bps y/y

Q4 2020 revenue by segment was:

  • Commercial $553m, down 8.4%
  • Government $312m, up 6.8%
  • Transportation $190m, down 5.9%

FY 2020 revenue by segment was:

  • Commercial $2,163m, down 9.3%
  • Government $1,281m, up 1.4%
  • Transportation $719m, down 7.9%

Q4 2020 bookings were $1,156m, up 62% y/y:

  • New business signings were $519m, up from $209 up 148% y/y
  • Renewals were $637m, up from $506, up 26% y/y.

FY 2020 bookings were $4,743m, up 47% y/y:

  • New business signings were $1,932m, up from $996 up 94% y/y
  • Renewals were $2,809m, up from $485, up 26% y/y.

Pipeline is up to $22bn.

VendorConduent
Initial currency type (specify local currency used)US$
Period Ending2020-12-31
Growth-4
Revenues ((m) in local currency1055
Revenues (in $m at that date)1055

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