Conduent, Inc. (NASDAQ:CNDT) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET

Company Participants

Giles Goodburn - VP & IR
Steve Wood - CFO
Clifford Skelton – President & CEO

Conference Call Participants

Patrick McCann - Noble Capital Markets
Marc Riddick - Sidoti & Company
Unknown Participant - Singular Research

Operator

Welcome to the Conduent’s Second Quarter 2024 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded.

I would now like to turn the call over, Giles Goodburn, Vice President of Investor Relations. Thank you. You may begin.

Giles Goodburn

Thank you, operator. And thanks, everyone, for joining us today to discuss Conduent's second quarter 2024 earnings.

I am joined today is Cliff Skelton, our President and CEO; and Steve Wood, our CFO. We hope you had a chance to review our press release issued earlier this morning.

This call is being webcast, and a copy of the slides used during this call as well as the press release were filed with the SEC this morning on Form 8-K. This information as well as the detailed financial metrics package are available on the Investor Relations section of the Conduent website.

During this call, we may make statements that are forward-looking. These forward-looking statements reflect management's current beliefs, assumptions and expectations and are subject to a number of factors that may cause actual results to differ materially from those statements. Information concerning these factors is included in Conduent's annual report on Form 10-K filed with the SEC. We do not intend to update these forward-looking statements as a result of new information, or future events or developments, except as required by law.

The information presented today includes non-GAAP financial measures. Because these measures are not calculated in accordance with U.S. GAAP, they should be viewed in addition to and not as a substitute for the company's reported results. For more information regarding definitions of our non-GAAP measures and how we use them, as well as the limitations to their usefulness for comparative purposes, please see our press release.

And now I would like to turn the call over to Cliff.

Clifford Skelton

Thank you, Giles, and welcome to Conduent's Q2 2024 earnings call. This, earnings today will be just a little bit different. We'll have Steve begin with the financials today and I'll follow with a strategic discussion regarding progress on our strategy framed by the categories of people and organization, our processes and objectives and our products and our technology, but in summary, Q2 adjusted revenue and adjusted EBITDA were $811 million and $29 million respectively at a 3.6% margin, all exceeding expectations.