conduent equipment return

Non-GAAP Reconciliations: Adjusted Weighted Average Shares Outstanding, Adjusted Diluted EPS, Adjusted Effective Tax Rate, Adjusted Operating Margin and Adjusted EBITDA Margin were as follows: (1) Average shares for the 2022 and 2021 calculation of adjusted EPS excludes 5.4 million shares associated with our Series A convertible preferred stock and includes the impact of preferred stock dividend of approximately $2 million and $2 million for the three months ended March 31, 2022 and 2021, respectively. 1 0 obj He got a better offer and no longer wants to work with Conduent. The words anticipate, believe, estimate, expect, "plan," intend, will, aim, should, could, forecast, target, may, "continue to," "if, growing, projected, potential, likely, and similar expressions, as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Other charges (credits). Restructuring and related costs include restructuring and asset impairment charges as well as costs associated with our strategic transformation program. My experience with Rent a bike Nuernberg was excellent from start to finish. A reconciliation of the following non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP are provided below. 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. We have reported our financial results in accordance with U.S. generally accepted accounting principles (U.S. GAAP). 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. The conference call will also be available by calling 1-877-407-4019 toll-free. Non-GAAP Financial Measures Cost basis and return based on previous market day close. ACCEPTANCE. These reconciliations also include the income tax effects for our non-GAAP performance measures in total, to the extent applicable. 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. 5. Purchase Order Terms and Conditions . Conduent will not ask you purchase equipment to start working. The computers are always breaking and there isn't assign seating so who knows what kind of germs you pick up. A recording of the conference call will be available by calling 1-877-660-6853 one hour after the conference call concludes. Adjusted Net Income (Loss), Adjusted Diluted Earnings per Share, Adjusted Weighted Average Common Shares Outstanding, and Adjusted Effective Tax Rate. Amortization of acquired intangible assets. endobj The Net ARR Activity Metric for Q2 2022 was $104M, up 2% . 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. Restructuring and related costs. you just have to provide the internet. 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. 3 0 obj The MA market has been dominated by a handful of large healthcare plans, but as demand for these plans grows, more and more regional plans and startups are seeing opportunities to enter the market. These are sites and strategies that will yield the user minimum wage or better and allow them to provide for themselves. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions, and providing such non-GAAP financial measures to investors allows for a further level of transparency as to how management reviews and evaluates our business results and trends. When you join Conduent, you are engaged in creating the future both our companys and your own. The call will be available by live audio webcast along with the news release and online presentation slides at https://investor.conduent.com/. We use Free Cash Flow as a measure of liquidity to determine amounts we can reinvest in our core businesses, such as amounts available to make acquisitions and invest in land, buildings and equipment and internal use software, after required payments on debt. 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 Our client satisfaction ratings have increased for the third consecutive year, contributing to new client wins and better retention which in turn, resulted in the Net ARR Activity metric being positive for the fifth consecutive quarter. This includes charges in connection with the abandonment of a cloud computing project. % endstream endobj 295 0 obj <. An email has been sent to you with instructions to set up your email alert. The call will be available by live audio webcast along with the news release and online presentation slides at https://investor.conduent.com/ . 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. For the same reason, we are unable to provide GAAP expected adjusted tax rate, which adjusts for our non-GAAP adjustments. Client Relationship Management and Service Delivery, Professional Services and Project Management. %PDF-1.6 % While this pandemic has been a time of great challenge, it also represents an opportunity for HR leaders to broaden workplace planning initiatives, digitize interactions, reexamine skillsets and look more critically at their mix of onsite vs. work-at-home resources. %%EOF Full year 2021 Adjusted EBITDA of $487M and Adjusted EBITDA Margin of 11.8% benefited from government payment volumes. Tufts Universitys Research Group on Equity in Health, Wealth and Civic Engagement, July 2020 He got the equipment, but now wants to send it back. Management believes that these non-GAAP financial measures provide an additional means of analyzing the results of the current period against the corresponding prior period. In addition, we have discussed our financial results using non-GAAP measures. 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 these items, 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. This metric is not indicative of any specific 12 month timeframe. It provides travelers and transport operators with a new level of mobility. Hi there, My fiance has been trying to get ahold of someone from Conduent HR to return his computer and equipment they sent him. Q1 2022 Performance Commentary <> Connect with an expert. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. The costs include writing off previously capitalized costs and remaining hosting fees that would have continued to be incurred without any economic benefit. The international dial-in is 1-201-689-8337. Adjusted EBITDA of $87M and Adjusted EBITDA Margin of 9.4% were in line with expectations. Amortization of acquired intangible assets. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED), CONDUENT INCORPORATED 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 Adjusted EBITDA of $107M and Adjusted EBITDA Margin of 11.1% benefited from a one-time recovery of $14M in defense costs as a portion of the settlement with insurance carriers relating to a previously disclosed legal matter. (Gain) loss on divestitures and transaction costs. Answered November 21, 2017 - BGCO agent (Current Employee) - Colorado Springs, CO. Not really. For tolling agencies, new technologies are speeding and simplifying journeys while driving cost-savings and enhancing consumer experiences. This includes Other (income) expenses, net on the Condensed Consolidated Statements of Income (loss) and other insignificant (income) expense associated with providing transition services on the California Medicaid contract loss and other adjustments. Full year 2021 revenue of $4,140M was substantially unchanged versus prior year, benefiting from strong non-recurring stimulus payments volume in our Government Services business and new business ramp across all segments, offset by lost business from prior years. Outlook for Adjusted Free Cash Flow is provided as a factor of expected Adjusted EBITDA, see above. endobj Accordingly, we believe it is necessary to adjust several reported amounts, determined in accordance with U.S. GAAP, to exclude the effects of certain items as well as their related tax effects. 0 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. The metric is for indicative purposes only. Adjusted EBITDA represents income (loss) before interest, income taxes, depreciation and amortization and contract inducement amortization adjusted for the following items. 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 transformation progress; Our ability to outrun the one-time government stimulus volumes that benefited 2021 and to demonstrate growth; and our projected financial performance for the full year 2022, including all statements made under the section captioned FY 2022 and 2023 Outlook within this release. Adjusted Revenue, Adjusted Operating Income and Adjusted Operating Margin. He's emailed the "New Hiring Coordinator" multiple times over the past week. The international conference ID is also 13725756. This currency impact is calculated by translating the current period activity in local currency using the comparable prior-year period's currency translation rate. This currency impact is calculated by translating the current period activity in local currency using the comparable prior-year period's currency translation rate. Conduent and Conduent Agile Star are trademarks of Conduent, Inc. and/or its subsidiaries in the United States and/or other countries. Goodwill impairment. The guy replied once saying "I'll send you the labels shortly!" The words anticipate, believe, estimate, expect, "plan," intend, will, aim, should, could, forecast, target, may, "continue to," "if, growing, projected, potential, likely, and similar expressions, as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Divestitures. It eliminates most of the traditional aspects of going to work, like commuting and dressing in business attire, while reducing social interaction and standard means of accountability. Conduent's solutions deliver exceptional outcomes for its clients including approximately $10 billion of annual processed tolling transactions, $18 billion of total bill reductions 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% 2021 Conduent, Inc. All rights reserved. We are encouraged about the future because, even as economic conditions remain volatile, clients continue to seek business process outsourcing capabilities to increase efficiency, enhance customer experience and improve performance. Any forward-looking statements made by us in this release speak only as of the date on which they are made. Adjusted Net Income (Loss), Adjusted Diluted Earnings per Share, Adjusted Weighted Average Common Shares Outstanding, and Adjusted Effective Tax Rate. Significant TCV wins in the Transportation segment made this one of the strongest starts to the year for new business signings. Sources: Since the global outbreak began, Over 1,800 executive actions have been issued in total across the 50 U.S. states and territories. Conduent delivers mission-critical services and solutions on behalf of businesses and governments creating exceptional outcomes for its clients and the millions of people who count on them. A place to talk about making an income online. Children are the heart of the celebrations. Adjusted EBITDA is not intended to represent cash flows from operations, operating income (loss) or net income (loss) as defined by U.S. GAAP as indicators of operating performance. Such as with Free Cash Flow information, as so adjusted, it is specifically not intended to provide amounts available for discretionary spending. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Thank you for your interest in Conduent. To intercept the spread of COVID-19, HR leaders are considering a variety of monitoring measures such as daily self-health checks reported via app or other mechanisms, mandatory temperature checks, and using Artificial Intelligence-based trackers to monitor health and wellness. %%EOF 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. IF YOU HAVE ANY CONCERNS ABOUT COMMUNICATIONS FROM RECRUITERS CLAIMING TO BE FROM CONDUENT, PLEASE DONT HESITATE TO VERIFY BY CONTACTING CONDUENT HR AT: Conduent, Inc. All rights reserved. ET. We have added certain adjustments to account for items which we do not believe reflect our core business or operating performance, and we computed all periods with such adjusted costs. Represents (gain) loss on divested businesses and transaction costs. This release and any attachments to this release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Litigation costs (recoveries), net. All Conduent employees are responsible for energy conservation. An email has been sent to you with instructions to set up your email alert. Cliff Skelton, Conduent President and CEO stated, "In 2021, we met or exceeded our commitments. A description of the adjustments which historically have been applicable in determining Adjusted EBITDA are reflected in the table below. About Conduent Free Cash Flow and Adjusted Free Cash Flow Reconciliation: Thank you. The international dial-in is 1-201-689-8337. However, these non-GAAP financial measures should be viewed in addition to, and not as a substitute for, our reported results prepared in accordance with U.S. GAAP. CONDUENT INCORPORATED ,:%Kk@k3L]/D. 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. 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. (Gain) loss on divestitures and transaction costs. 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. 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. 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. Conduent achieved several milestones in client satisfaction, industry recognition and culture, including; (1) Refer to Appendix for definition and complete non-GAAP reconciliations of Adjusted Revenue, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Diluted EPS and Adjusted Free Cash Flow. The metric is for indicative purposes only. Promote health and wellness benefits In addition, we have discussed our financial results using non-GAAP measures. We are providing such outlook only on a non-GAAP basis because the Company is unable to predict with reasonable certainty the totality or ultimate outcome or occurrence of these adjustments for the forward-looking period, which can be dependent on future events that may not be reliably predicted. Please provide the following information to help us route your request to the appropriate person. Based on past reported results, where one or more of these items have been applicable, such excluded items could be material, individually or in the aggregate, to reported results. The income tax effects are calculated under the same accounting principles as applied to our reported pre-tax performance measures under ASC 740, which employs an annual effective tax rate method. Management believes that these non-GAAP financial measures provide an additional means of analyzing the results of the current period against the corresponding prior period. With respect to 2022 and beyond, we look forward to outrunning the one-time government stimulus volumes that benefited 2021, and demonstrating growth. CONDUENT INCORPORATED CONDUENT INCORPORATED To return the POS equipment, call the retailer help desk at 1-877-436-6057 and speak to a customer service representative (press options 1, 4, 1, and 4). The noted income tax effect for our non-GAAP performance measures is effectively the difference in income taxes for reported and adjusted pre-tax income calculated under the annual effective tax rate method. Cliff Skelton, Conduent President and CEO stated, In 2021, we met or exceeded our commitments. You must have a hard internet connection (no wifi). (4) Refer to Appendix for Non-GAAP Outlook. 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. This metric excludes COVID-related volume impacts and non-recurring revenue signings. 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. 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. 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) Adjusted for the full impact from revenue and income/loss from divestitures for all periods presented. 321 0 obj <>stream We have added certain adjustments to account for items which we do not believe reflect our core business or operating performance, and we computed all periods with such adjusted costs. McKinsey Digital, Global Survey, May 2019, Omnichannel Success Starts with Intelligent Orchestration, Street Reach Indy Project wins 2020 IPMI Marketing Award. 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. Centers for Disease Control and Prevention, COVID-19 Pandemic Planning Scenarios, July 2020, 5. HR leaders should also consider new digital behavioral tools (such as online cognitive therapies and self-help resources) and also plan for virtual open enrollment this year. Start typing a location to get suggestions, then press the down arrow to select one. Amortization of acquired intangible assets. (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 the Total Non-GAAP adjustments. Timing of revenue impact varies and may not be realized within the forward 12-month timeframe. We recently announced our intention to separate the Transportation business to unlock additional value and we believe the best course of action will be to spin that business as opposed to a sale, at this point in time. Despite widespread expert agreement that a vaccine will be critical to the nation's return to normalcy, only 57% of Americans say they would get a COVID-19 vaccine if it were available today.2. Our actual results may vary materially from those expressed or implied in our forward-looking statements. Restructuring and related costs include restructuring and asset impairment charges as well as costs associated with our strategic transformation program. We have reported our financial results in accordance with U.S. generally accepted accounting principles (U.S. GAAP).

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