Conduent Incorporated (NYSE:CNDT) Q3 2019 Earnings Conference Call - Final Transcript

Nov 06, 2019 • 05:00 pm ET


Conduent Incorporated (NYSE:CNDT) Q3 2019 Earnings Conference Call - Final Transcript


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Good afternoon and welcome to the Conduent Third Quarter 2019 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Alan Katz, Vice President of Investor Relations. Please go ahead.

Alan Katz

Good evening, ladies and gentlemen, and welcome to Conduent's third quarter 2019 earnings call. Joining me on today's call is Cliff Skelton, Conduent's CEO, and Brian Walsh Conduent's CFO. Following our prepared remarks, we will take your questions. This call is also being webcast. A copy of the slides used during this call was filed with the SEC this afternoon, those slides as well as a detailed financial metrics sheet are available for download on the Investor Relations section of the Conduent website. We will also post a transcript later this week.

During this call Conduent executives may make comments that contain certain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, that by their nature address matters that are in the future and are uncertain. These statements reflect management's current beliefs, assumptions and expectations as of today, November 6, 2018 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.

Information presented today includes non-GAAP financial measures, because these measures are not calculated in accordance with US GAAP, they should be viewed in addition to and not as a substitute for the Company's reported results prepared in accordance with US GAAP.

For more information regarding definitions of our non-GAAP measures and how we use them as well as limitations as to their usefulness for comparative purposes, please see our press release, which was issued this afternoon and was furnished to the SEC on Form 8-K.

With that I will turn the call over to Cliff for his prepared remarks. Cliff?

Cliff Skelton

Thank you, Alan. Good afternoon, everybody. In August, I was given the opportunity to become Conduent's CEO and be part of a team that takes Conduent toward a new and improved chapter in our history. I remain eager to help demonstrate the Conduent has untapped potential and we remain optimistic regarding our Company's future. We have crafted the plan in our charting the course toward increased sales, enhanced efficiency and improved quality, which in turn will manifest in top-line growth, EBITDA, and an improved reputation in the marketplace over time.

On our previous call, we discussed three critical levers that must be utilized to accomplish our goals. Those levers are people and organization, process improvement, and better and more predictable technology solutions. On today's call, Brian and I will expand a bit