-, Virgin Atlantic Selects Conduent to Support Customer Experience, CONDUENT INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS : Interim 2023 Earnings Release (Projected), SS&C TECHNOLOGIES HOLDINGS, INC. : Interim 2023 Earnings Release (Projected), VERISK ANALYTICS, INC. : Interim 2023 Earnings Release (Projected), AUTOSTORE HOLDINGS LTD. : Interim 2023 Earnings Release, SS&C TECHNOLOGIES HOLDINGS, INC. : Q3 2023 Earnings Release (Projected), VERISK ANALYTICS, INC. : Q3 2023 Earnings Release (Projected), VERISK ANALYTICS, INC. : FY 2022 Earnings Release, AUTOSTORE HOLDINGS LTD. : FY 2022 Earnings Release, SS&C TECHNOLOGIES HOLDINGS, INC. : FY 2022 Earnings Release, SAMSUNG SDS CO.,LTD. The above is the list of 2021 public holidays declared in USA which includes federal, regional government holidays and popular observances. Adjustments required to reconcile net income (loss) to cash flows from operating activities: Write-off of deferred cloud computing implementation costs, Loss on divestitures and sales of fixed assets, net, Changes in operating assets and liabilities, Net cash provided by (used in) operating activities, Cost of additions to land, buildings and equipment, Cost of additions to internal use software, Net cash provided by (used in) investing activities, Payment of contingent consideration related to acquisition, Taxes paid for settlement of stock-based compensation, Net cash provided by (used in) financing activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Increase (decrease) in cash, cash equivalents and restricted cash, Cash, Cash Equivalents and Restricted Cash at Beginning of Period, Amortization of acquired intangible assets, (Gain) loss on divestitures and transaction costs, Restricted stock and performance units / shares, Proceeds from sales of land, buildings and equipment, Annual Recurring Revenue (ARR) signings: Q4 $111M / FY $408M, Total Contract Value (TCV) new business signings: Q4 $310M / FY $1,785M, Sale of Midas suite of solutions for net proceeds of $321M; closed on February 8, 2022, Debt Refinancing successfully completed as planned, Distributed approximately $50 billion of US Government pandemic stimulus payments, Sustained high level of associate engagement through difficult COVID years, Consolidated technology infrastructure and improved operational excellence, Improved client satisfaction for the 3rd consecutive year resulting in significant client recognition, Received numerous external awards for culture including best place to work for LGBTQ, Diversity, and Women. The upcoming United States holiday National Cereal Day is in 6 days from today. The upcoming United States holiday National Employee Appreciation Day is in 2 days from today. WebOn average, how many hours do you work a day at Conduent? WebConduent Standards: set of requirements and performance criteria for Conduent workplaces and services in fulfillment of the corporate Environmental policy. Please call your state programs helpline for assistance. All Rights Reserved. For all recruiting-related questions, please send your request to Careers@Conduent.com. You dont get holidays off unless your schedule happens to fall with them on your off days. We also internally use these measures to assess our operating performance, both absolutely and in comparison to other companies, and in evaluating or making selected compensation decisions. Non-GAAP Financial Measures This system may be subject to monitoring. The upcoming United States holiday Daylight savings is in 11 days from today. We make adjustments to Net Income (Loss) before Income Taxes for the following items, as applicable, to the particular financial measure, for the purpose of calculating Adjusted Revenue, Adjusted Net Income (Loss), Adjusted Diluted Earnings per Share, Adjusted Weighted Average Common Shares Outstanding, and Adjusted Effective Tax Rate: The Company provides adjusted net income and adjusted EPS financial measures to assist our investors in evaluating our ongoing operating performance for the current reporting period and, where provided, over different reporting periods, by adjusting for certain items which may be recurring or non-recurring and which in our view do not necessarily reflect ongoing performance. Do you work holidays? 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. Former Customer Experience Associate in Tallahassee, FL, Florida, Current Information Security Engineer in Bakersfield, CA, California, Last month, our associates came together and contributed an impressive total of 447 pounds of non-perishable food and baby items to Interfaith Food Pantry, supporting their mission to provide access to food, nutrition education, and related resources to those that need it most. Interest expense includes interest on long-term debt and amortization of debt issuance costs. 294 0 obj <> endobj See more holidays in 1.5 days will be accrued on a monthly basis. 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. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. In addition, for "Full Year 2021 (Ex Midas)" we are excluding the estimated impacts of $70 million of Revenue and $29 million of Adjusted EBITDA related to the divestiture of the Midas business. In addition, we have discussed our financial results using non-GAAP measures. hb```9@( At Conduent, we help companies and governments provide services to their customers and citizens. We receive inquiries across a broad range of topics. Weve provided some of the most common questions and answers below in order to help you find the information you need quickly and easily. How can I get a copy of my W2? WebEspecially happy with your communication of holiday schedule and any postponed pick-ups, if there are unscheduled truck problems or emergencies that may delay our normal Conduent Business Services, LLC and its subsidiaries provide this policy as a guide for employees. An email has been sent to you with instructions to set up your email alert. Conduent Vacation & Paid Time Off 363 employees reported this benefit 3.0 83 Ratings Available to US-based employees Change location Employer (Gain) loss on divestitures and transaction costs. 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. endstream endobj startxref The parade and tree lighting will occur, weather permitting. 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 2021 and 2020 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 $3 million and $10 million for the three months and years ended December 31, 2021 and 2020, respectively. This metric is not indicative of any specific 12 month timeframe. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Through our dedicated people, process and technology, Conduent solutions and services automate workflows, improve efficiencies, reduce costs and enable revenue growth. Restructuring and related costs. 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. CONDUENT INCORPORATED These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. 815-654-4511 : Interim 2022 Earnings Release, Interim 2023 Earnings Release (Projected). 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. Please call us at 1-844-ONE-CNDT (663-2638) Monday through Friday between 8:00 a.m. and 7:00 p.m. Eastern Time for assistance. Such as with Free Cash Flow information, as so adjusted, it is specifically not intended to provide amounts available for discretionary spending. Important factors and uncertainties that could cause our actual results to differ materially from those in our forward-looking statements include, but are not limited to: the significant continuing effects of the ongoing COVID-19 pandemic on our business, operations, financial results and financial condition, which is dependent on developments which are highly uncertain and cannot be predicted; government appropriations and termination rights contained in our government contracts; our ability to renew commercial and government contracts, including contracts awarded through competitive bidding processes; our ability to recover capital and other investments in connection with our contracts; our reliance on third-party providers; our ability to deliver on our contractual obligations properly and on time; changes in interest in outsourced business process services; risk and impact of geopolitical events, natural disasters and other factors (such as pandemics, including coronavirus) in a particular country or region on our workforce, customers and vendors; claims of infringement of third-party intellectual property rights; our ability to estimate the scope of work or the costs of performance in our contracts; the loss of key senior management and our ability to attract and retain necessary technical personnel and qualified subcontractors; increases in the cost of telephone and data services or significant interruptions in such services; our failure to develop new service offerings and protect our intellectual property rights; our ability to modernize our information technology infrastructure and consolidate data centers; the failure to comply with laws relating to individually identifiable information and personal health information; the failure to comply with laws relating to processing certain financial transactions, including payment card transactions and debit or credit card transactions; breaches of our information systems or security systems or any service interruptions; our ability to comply with data security standards; changes in tax and other laws and regulations; risk and impact of potential goodwill and other asset impairments; our significant indebtedness; our ability to obtain adequate pricing for our services and to improve our cost structure; our ability to collect our receivables, including those for unbilled services; a decline in revenues from, or a loss of, or a reduction in business from or failure of significant clients; fluctuations in our non-recurring revenue; our failure to maintain a satisfactory credit rating; our ability to receive dividends or other payments from our subsidiaries; developments in various contingent liabilities that are not reflected on our balance sheet, including those arising as a result of being involved in a variety of claims, lawsuits, investigations and proceedings; conditions abroad, including local economics, political environments, fluctuating foreign currencies and shifting regulatory schemes; changes in government regulation and economic, strategic, political and social conditions; changes in the volatility of our stock price and the risk of litigation following a decline in the price of our stock; the impact of the ongoing COVID-19 pandemic; and other factors that are set forth in the Risk Factors section, the Legal Proceedings section, the Management's Discussion and Analysis of Financial Condition and Results of Operations section and other sections in our 2020 Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission. Disease Surveillance & Outbreak Management. The Calendar is a powerful way to manage your key dates and events relating to your pension schemes and bene t plans. How do I request an employment verification? However, there are times when you are required to do mandatory overtime. Adjusted Revenue, Adjusted Operating Income and Adjusted Operating Margin. WebThis is a Conduent computer system that is "FOR OFFICIAL CONDUENT USE ONLY" by specifically authorized personnel and includes Conduent confidential, proprietary, and privileged information. The telephone recording will be available until March 2, 2022. We use the non-GAAP measure of Free Cash Flow as a criterion of liquidity. This policy applies to all employees of Conduent Business Services, LLC and its subsidiaries and any reference hereafter to Conduent is a reference to Conduent Business Services, LLC and its subsidiaries. Refer to the "Non-GAAP Financial Measures" section attached to this release for a discussion of these non-GAAP measures and their reconciliation to the reported U.S. GAAP measures. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED), CONDUENT INCORPORATED This metric excludes COVID-related volume impacts and non-recurring revenue signings. : FY 2022 Earnings Release, SAMSUNG SDS CO.,LTD. Revenue from divestitures in the first quarter of 2019. vacation time was standard 10 days off and 5 sucks days . We have reported our financial results in accordance with U.S. generally accepted accounting principles (U.S. GAAP). Published: Nov. 12, 2021 at 3:52 PM PST. 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. Adjusted Free Cash Flow is defined as Free Cash Flow from above plus deferred compensation payments, transaction costs, costs related to the Texas litigation, and certain other identified adjustments. Restructuring and related costs include restructuring and asset impairment charges as well as costs associated with our strategic transformation program. Timing of revenue impact varies and may not be realized within the forward 12-month timeframe. Juneteenth National Independence Day: Monday, June 19, 2023 NOTE *In accordance with District Personnel Manual 1222.1 (b), whenever a legal public holiday falls on a non-work day, the holiday shall be the Monday right after a legal public holiday occurring on Sunday, or the Friday immediately before a legal public holiday occurring on a Saturday. CONDUENT The call will be available by live audio webcast along with the news release and online presentation slides at https://investor.conduent.com/. Answered May 2, 2017 - Customer Service Representative (Current Employee) - Tallahassee, FL. 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. Loss ) ( UNAUDITED ), Conduent INCORPORATED these non-GAAP measures forward 12-month timeframe in fulfillment of corporate... ( 663-2638 ) Monday through Friday between 8:00 a.m. and 7:00 p.m. Time... 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