On August 2 2023, Conduent Incorporated ($NASDAQ:CNDT) revealed their financial results for the second quarter of FY2023, ending June 30 2023. Total revenue was recorded as USD 915.0 million; a decrease of 1.4% compared to the same period of the preceding year. Net income was reported at USD -7.0 million, a stark difference to the 0.0 million of the previous year.
On Wednesday, August 2, 2023, CONDUENT INCORPORATED reported their earnings results for Q2 FY2023. The stock opened at $3.4, an increase of 7.9% from its previous closing price of $3.4. Throughout the day, the stock price remained at a steady rate with a closing price of $3.7. The earnings results showed an overall increase in profit and a positive outcome for the company’s various operations. Investors took note of this and reacted positively to the report, driving up the stock price significantly. The positive results of the report were due in large part to the company’s aggressive investments in technology and automation, which have helped to streamline operations and reduce costs.
In addition, the company has implemented strategies to improve customer satisfaction and grow its customer base. Overall, the results reported by CONDUENT INCORPORATED represent a positive outlook for the company and its investors. With the strong growth in Q2 FY2023, the company can look forward to continued success in the future. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
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Balance Sheet Snapshot
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Key Ratios Snapshot
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At GoodWhale, we have conducted an analysis of CONDUENT INCORPORATED‘s fundamentals. Based on our Risk Rating, CONDUENT INCORPORATED is a medium risk investment in terms of financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet. In order to find out more about these warnings, please register with us. Our analysis can help you make informed decisions about your investments. At GoodWhale, we strive to provide you with the best information to help you make smarter investments. Register with us and take advantage of our analysis of CONDUENT INCORPORATED’s fundamentals. More…
Risk Rating Analysis
Star Chart Analysis
Conduent Inc., a leading provider of business process services, competes with Beijing Jingyeda Technology Co Ltd, Ronglian Group Ltd, and Minds + Machines Group Ltd. in the market for business process services. Conduent Inc. has a strong market position and a well-established brand. Its competitors are smaller and less well-known.
– Beijing Jingyeda Technology Co Ltd ($SZSE:003005)
Beijing Jingyeda Technology Co Ltd is a technology company that focuses on providing information technology services. Its market cap as of 2022 was 7.65B, and its ROE was 2.33%. The company has been growing steadily over the past few years, and its products and services are in high demand. Jingyeda Technology is a publicly traded company on the Shenzhen Stock Exchange.
Ronglian Group Ltd is a Chinese conglomerate with a market cap of 6.12 billion as of 2022. The company has a return on equity of 2.83%. Ronglian Group Ltd is engaged in a wide range of businesses, including real estate, healthcare, education, and retail. The company has a strong presence in China and is expanding its operations internationally.
– Minds + Machines Group Ltd ($OTCPK:TLVLF)
Minds + Machines Group Ltd is a top-level domain name registry. The company has a market capitalization of 10.63M as of 2022 and a return on equity of 3.18%. The company offers a variety of services including domain name registration, hosting, and email.
CONDUENT INCORPORATED reported a decrease in total revenue of 1.4% to USD 915.0 million and posted a net income of USD -7.0 million for the second quarter of FY2023, ending June 30 2023. Despite the decrease in revenue, the stock price went up the same day. Investors should analyze the financials and stay up to date on the company’s performance and future initiatives before making any investing decisions.
Short-term traders should keep an eye on the stock price movement to determine potential opportunities or risks. Long-term investors should consider the broader macroeconomic outlook and risk factors before committing capital to CONDUENT INCORPORATED.