Conduent

Conduent, Inc. engages in the provision of business process services with expertise in transaction-intensive processing, analytics, and automation. It operates through the following segments: Commercial Industries, Government Services, and Transportation. The Commercial Industries segment offers business process services and customized solutions to clients in a variety of industries. The Government Services segment is involved in government-centric business process services and subject matter experts to U.S. federal, state, and local and foreign governments. The Transportation segment includes systems and support to transportation departments and agencies globally. The company was founded on April 18, 1906 and is headquartered in Florham Park, NJ.

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Earnings data Q4 2024

Conduent meets revenue guidance, eyes growth in 2023 despite challenges

Conduent (CNDT) delivered on revenue guidance in Q4 2022 with strong new business sales. While facing revenue declines and margin changes, the company remains optimistic for growth in 2023. Recognition for workplace culture and supplier excellence highlights Conduent's strengths.

Conduent exceeds Q1 revenue expectations, eyes growth amid challenges

Conduent's Q1 2023 results demonstrated operational efficiency and stability in core revenue, with EBITDA surpassing internal expectations.
While facing challenges in new business sales and segment revenues, the company maintains a strong liquidity position and sees opportunities in late large deals.
The economic slowdown's impact on decision-making timelines requires attention, but Conduent remains optimistic about future growth prospects.
Overall, Conduent's performance in Q1 sets a solid foundation for meeting full-year guidance ranges and capitalizing on upcoming opportunities.

Conduent reports solid Q2 earnings, eyes growth in key sectors

Conduent's Q2 2023 performance was solid with revenue of $915 million and a 10.2% adjusted EBITDA margin. While facing challenges in certain segments, the company maintains a strong liquidity position and sees growth opportunities in key sectors.

Conduent exceeds Q3 expectations, poised for growth amid sector strengths

Conduent's Q3 2023 earnings call showcased strong financial performance, strategic advancements, and a positive outlook for future growth.
While facing challenges in the Commercial segment, Conduent's focus on agility, technology, and growth opportunities positions the company for success.
By leveraging strengths, addressing challenges, and seizing opportunities, Conduent aims to achieve its 2025 financial goals and drive sustainable growth.

Conduent surpasses 2023 financial targets, eyes growth through divestitures

Conduent's strong financial performance in 2023 exceeded expectations across revenue and EBITDA metrics.
Challenges in the commercial segment decision cycles need addressing for improved new business acquisition.
Opportunities lie in revenue growth and margin expansion through cost savings and portfolio rationalization strategies.

Conduent surpasses Q1 revenue expectations, eyes growth through partnerships

Conduent's Q1 performance exceeded expectations, with a focus on growth, cost efficiency, and strategic partnerships driving revenue.
The company remains confident in its strategy, emphasizing divestitures, debt reduction, and revenue growth as key priorities.
Opportunities in outsourcing, technology sector growth, and stable interest rate environment position Conduent for continued success and expansion.

Conduent reports Q2 revenue growth, eyes AI partnerships for expansion

Conduent's Q2 performance showed solid revenue and EBITDA figures, with a focus on new business signings and capital deployment goals.
Strengths in AI partnerships with Microsoft and increased outsourcing interest provide avenues for future growth.
Challenges in net ARR and government contracts require attention, while opportunities lie in cost efficiency and global outsourcing expansion.

Conduent reports Q3 revenue growth but faces sector challenges

Conduent's Q3 performance reflects a mixed picture with revenue growth in commercial segment offset by declines in government and transportation sectors.
The company's focus on debt reduction and share repurchases enhances its financial stability, while challenges persist in certain business segments.
Opportunities for growth lie in leveraging strong commercial sales, improving sector performance, and maintaining a competitive edge in the market.

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Conduent, Inc. engages in the provision of business process services with expertise in transaction-intensive processing, analytics, and automation. It operates through the following segments: Commercial Industries, Government Services, and Transportation. The Commercial Industries segment offers business process services and customized solutions to clients in a variety of industries. The Government Services segment is involved in government-centric business process services and subject matter experts to U.S. federal, state, and local and foreign governments. The Transportation segment includes systems and support to transportation departments and agencies globally. The company was founded in 2016 and is headquartered in Florham Park, NJ.

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), today announced the completion of a modernized toll collection infrastructure for the Ohio Turnpike. Conduent upgraded 216 lanes on the 241-mile-long turnpike to include self-service and collector-operated toll plazas, as well as open-road, automated tolling options for vehicles using E-ZPass® transponders. The new syst.

Conduent Transportation Modernizes Ohio Turnpike's Tolling Lanes to Improve Motorist Experience

GUILHERAND-GRANGES, France & FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), today announced that Saint-Étienne Métropole (SEM), the public transportation authority for the city of Saint-Étienne and its surrounding metropolitan area in east-central France, has selected Conduent for a three-phase transformation of its STAS bus and tram network. SEM serves a population.

Conduent Transportation Selected to Transform Public Transport Network in Saint-Étienne Métropole, France

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, today announced its selection by the Wisconsin Department of Children and Families (DCF) to design, develop and implement a modernized child support system. The new system, called THRIVE, will transform child support service delivery for children and families across the state while providing enhanced features for parents. DCF's modernization project will in.

Wisconsin Department of Children and Families Selects Conduent to Modernize the State's Child Support System

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, today announced a three-year Pharmacy Benefit Management (PBM) contract renewal with the Montana Department of Public Health and Human Services (MDPHHS). The renewal builds on Conduent's nearly 38-year relationship with the MDPHHS of providing advanced Medicaid management solutions to further the agency's mission to deliver healthcare services that help imp.

Montana Renews Pharmacy Benefit Management Contract with Conduent

Conduent is undergoing a transition to improve profitability and growth, through divestitures and debt reduction. Despite revenue declines, potential profitability could lead to excellent results for shareholders, making it a Buy. I have a one-year price target of $4.14, which would be a 24.32% gain on the July 3, 2024 close of $3.33.

Conduent Selling Subsidiaries To Enable Profitable Growth

MILAN & FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), today announced the launch of a contactless open payment system on the Venice transportation network managed by Azienda Veneziana della Mobilità (AVM). The new EMV (Europay, Mastercard and Visa) open payment system allows passengers to pay with contactless credit and debit cards, offering easier access to AVM's.

Conduent Transportation Launches EMV Contactless Open Payment System on Venice Public Transportation Network

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated named a market leader in 2024 NelsonHall Evaluation and Assessment Tool (NEAT) for CX Services Transformation.

Conduent Recognized as a Leader in 2024 NelsonHall CX Services Transformation Report

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated announced it will participate in the Singular Research Summer Solstice Conference.

Conduent to Participate in Singular Research Summer Solstice Conference

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT) (the “Company” or “Conduent”), a global technology-led business solutions and services company, today announced that it entered into and consummated a share purchase agreement (the “Purchase Agreement”) to repurchase all of the shares of the Company's common stock beneficially owned by Carl C. Icahn through certain of his affiliates (the “Icahn Parties”) at a purchase price of $3.47 per share, the closing price of the Com.

Conduent Repurchases Shares From Carl Icahn and Affiliates

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, today announced the company has been selected by the Colorado Department of Health Care Policy and Financing (the Department) to provide Business Intelligence and Data Management (BIDM) technology services. Under terms of the new contract, Conduent will take over, manage and enhance a modular enterprise data warehouse solution to support advanced data analy.

Colorado Awards Business Intelligence and Data Management Services Contract to Conduent

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Publishes 2023 Corporate Social Responsibility Report Progress made through Conduent's people, technology and solutions.

Conduent Publishes 2023 Corporate Social Responsibility Report

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Recognized as a Leader in 2024 NelsonHall Report on Multi-Process HR Transformation Services.

Conduent Recognized as a Leader in 2024 NelsonHall Report on Multi-Process HR Transformation Services

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Named to Newsweek's Top 100 Global Most Loved Workplaces for 2024.

Conduent Named to Newsweek's Top 100 Global Most Loved Workplaces for 2024

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), today announced a pilot program by the Southeastern Pennsylvania Transportation Authority (SEPTA) using Conduent's 3D Fare Gate Solution at a Philadelphia area transit station. The pilot aims to track and curb incidents of fare evasion, which costs SEPTA an estimated $30 million to $40 million annually. SEPTA selected t.

SEPTA Launches 3D Fare Gates Pilot Program with Conduent Transportation to Detect and Deter Fare Evasion

Barrett Business Services

Broadridge Financial

The Zacks Outsourcing industry is poised for growth as business and IT outsourcing become increasingly vital. Companies like BR, BBSI and CNDT are positioned to benefit from these prevailing trends.

3 Outsourcing Stocks to Buy Amid Industry Woes

Conduent (CNDT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Conduent (CNDT) Is Still Trading at a Bargain

HealthEquity

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent announced it has completed the third and final transfer of its BenefitWallet Health Savings Accounts (HSA) portfolio to HealthEquity, Inc.

Conduent Completes Transfer of BenefitWallet HSA Portfolio to HealthEquity

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology-led business process solutions company, today announced its participation in two major technology and media conferences in New York City. First, the company will attend the 19th Annual Needham Technology & Media Conference on May 14 and May 15, 2024. Then, Conduent is scheduled to participate in TD Cowen's 52nd Annual Technology, Media & Telecom Conference held from May 29 – 30, 2024. At both.

Conduent to Attend Upcoming Needham and TD Cowen Investor Conferences

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)-- #acquisition--MedRisk has agreed to acquire the Casualty Claims Solutions business, including the portfolio of Strataware products, from Conduent.

MedRisk Agrees to Purchase Casualty Claims Solutions Business from Conduent

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Announces Agreement to Sell its Casualty Claims Solutions Business to MedRisk; Transaction expected to close the third quarter of 2024.

Conduent Announces Agreement to Sell its Casualty Claims Solutions Business to MedRisk

Conduent, Inc. (NASDAQ:CNDT ) Q1 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Giles Goodburn - VP, Corporate FP&A and IR Stephen Wood - EVP, CFO & Principal Accounting Officer Clifford Skelton - President, CEO & Director Conference Call Participants Patrick McCann - Noble Capital Markets Marc Riddick - Sidoti & Company Operator Greetings, and welcome to the Conduent Q1 2024 Earnings Announcement. [Operator Instructions].

Conduent, Inc. (CNDT) Q1 2024 Earnings Call Transcript

Key Q1 2024 Highlights Revenue: $921M Pre-tax Income: $127M Adj. EBITDA Margin(1): 7.5% New business signings ACV(2): $99M Net ARR Activity Metric(2) (TTM): $17M FLORHAM PARK, N.J.

Conduent Reports First Quarter 2024 Financial Results

TORONTO, May 01, 2024 (GLOBE NEWSWIRE) -- Constellation Software Inc. (“Constellation”) (TSX: CSU) today announced that its People Transportation Division operating as Modaxo, has completed the acquisition of the Curbside Management and Public Safety Businesses from Conduent Incorporated (Nasdaq: CNDT).

Constellation Software's Modaxo Completes Acquisition of Curbside Management and Public Safety Businesses from Conduent

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, today announced it has successfully completed the sale of its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo, a division of Constellation Software Inc. (TSX: CSU). The signing of the transaction was announced on December 28, 2023. The sale has a purchase price of $230 million. “This divestiture marks another significant step.

Conduent Completes Sale of its Curbside Management and Public Safety Businesses to Modaxo

Microsoft

Business solutions and services company Conduent launched an artificial intelligence-focused agreement with Microsoft. The partnership, announced in a Monday (April 29) press release, will begin by exploring generative AI use for healthcare claims management, customer service and fraud detection.

News for Conduent Stock (CNDT)