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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Conduent, Inc. (CNDT) Q4 2023 Earnings Call Transcript

Key Q4 and Full Year 2023 Highlights Revenue and Adj. Revenue(1): Q4 $953M / FY $3,722M Pre-tax Income (Loss): Q4 $(4)M / FY $(332)M Adj.

Conduent Reports Fourth Quarter and Full Year 2023 Financial Results

NelsonHall says Conduent provides integrated health, financial wellness and total rewards solutions focused on increasing employee engagement

Conduent Recognized as a 2024 Leader in HR Benefits Administration by NelsonHall

FLORHAM PARK, N.J., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, plans to report its fourth-quarter and full-year 2023 financial results on Wednesday, February 14 at 9:00 a.m. ET.

Conduent to Report Fourth-Quarter and Full-Year 2023 Financial Results on Feb. 14, 2024

Conduent chosen to provide technologies and services to retrieve motor vehicle registration ownership data, building on current OTA relationship reviewing license plate images

Oklahoma Turnpike Authority Selects Conduent Transportation to Support PlatePay Cashless Tolling Operations

List recognizes Conduent for improving how businesses and governments interact with citizens, patients, customers and employees List recognizes Conduent for improving how businesses and governments interact with citizens, patients, customers and employees

Conduent Recognized as ‘GovTech 100' Company for Third Consecutive Year

FLORHAM PARK, N.J., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, today announced a definitive agreement to sell its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo, a division of Constellation Software Inc. (TSX: CSU).

Conduent Announces Agreement to Sell its Curbside Management and Public Safety Businesses to Modaxo

TORONTO, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Constellation Software Inc. (“Constellation”) (TSX: CSU) today announced that its People Transportation Division operating as Modaxo, has signed an agreement to acquire the Curbside Management and Public Safety Businesses from Conduent Incorporated (Nasdaq: CNDT). Completion of the acquisition remains subject to closing conditions.

Constellation Software's Modaxo Enters into Agreement to Acquire Curbside Management and Public Safety Businesses from Conduent

Platform expands ticket vending machine capabilities, improves the customer experience and enables new business models Italy's Trenord is the first to use Conduent's new software platform, which is now available to transport operators worldwide MILAN, Italy and FLORHAM PARK, N.J., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), today announced that it has developed an innovative new software platform that transforms the capabilities of ticket vending machines for transport operators globally.

Conduent Transportation Develops New Software Platform to Transform Ticket Vending Machines First Used by Trenord in Italy

Delaware Division of Public Health chooses Conduent's Maven to securely monitor, track and report on infectious diseases and other public health threats

Delaware Selects Conduent to Implement Advanced Platform for Infectious Disease Tracking

FLORHAM PARK, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, today announced that Conduent Chief Financial Officer Steve Wood and Giles Goodburn, the company's Vice President of Investor Relations, will present virtually at the Sidoti Small Cap Conference on Wednesday, December 6, 2023.

Conduent to Present at the Sidoti Small Cap Virtual Conference on Dec. 6

GUILHERAND-GRANGES, France and FLORHAM PARK, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), today announced that it, along with partners Visa and Caisse d'Epargne CEPAC, are implementing a contactless open payment system for the  Aix-Marseille-Provence Métropole on the Marseille public transport network that includes buses, coaches, trams and a metro railway.

Conduent Transportation Implements New Contactless Payment System in Marseille, France

FLORHAM PARK, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, today announced that Conduent Vice President of Investor Relations Giles Goodburn will present at the Southwest IDEAS Investor Conference on Thursday, November 16, 2023, at The Statler in Dallas, TX.

Conduent to Present at the 15th Annual Southwest IDEAS Investor Conference on Nov. 16 in Dallas, TX

Programs aim to waive overdue toll penalties and help advance equity in the Bay Area Programs aim to waive overdue toll penalties and help advance equity in the Bay Area

Conduent Transportation Implements Toll Relief Programs to Benefit Low-Income Individuals and Families

Conduent multichannel communications management leader participating in panel discussion to share expertise in meeting the needs of communications for clients' customers Conduent multichannel communications management leader participating in panel discussion to share expertise in meeting the needs of communications for clients' customers

Conduent Multichannel Customer Communications in the Spotlight at 2023 Xplor CCM Summit

Portal provides ease and convenience for residents to apply for, manage and update their state benefits online Portal provides ease and convenience for residents to apply for, manage and update their state benefits online

Mississippians Use Conduent's BenePath® Self-Service Portal to Improve Access to Medicaid Services and Other Benefits

Conduent's sales declined at a mid-single-digit rate in Q3. The company's adjusted earnings also swung to a loss.

Why Conduent Stock Is Plummeting Today

Conduent Incorporated (NASDAQ:CNDT ) Q3 2023 Earnings Conference Call November 1, 2023 9:00 AM ET Company Participants Giles Goodburn - Vice President, Investor Relations Cliff Skelton - President and Chief Executive Officer Steve Wood - Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the Conduent Third Quarter 2023 Earnings Announcement. [Operator Instructions] As a reminder, this conference is being recorded.

Conduent Incorporated (CNDT) Q3 2023 Earnings Call Transcript

Key Q3 2023 Highlights Revenue and Adj. Revenue(1): $932M Pre-tax Income (Loss): $(313)M Adj.

Conduent Reports Third Quarter 2023 Financial Results

Flexibility of CXNow offers seamless customer experience without capital cost outlays or onboarding and managing agents Flexibility of CXNow offers seamless customer experience without capital cost outlays or onboarding and managing agents

Conduent CXNow Customer Experience Solution Incorporates AI Capabilities with Rapid Deployment and Easy Scalability

Conduent will provide on- and off-street parking civil enforcement officers while managing on- and off-street pay and display machines Contract marks an important expansion of Conduent's parking enforcement services in the UK FLORHAM PARK, N.J., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), today announced its selection by Reading Borough Council in the UK to provide on- and off-street parking enforcement services.

Conduent Transportation Selected by Reading Borough Council, UK, to Provide Parking Enforcement Services

Conduent Inc., a global technology-led business solutions and services company, launched its latest Finance, Accounting, and Procurement (FAP) software solution, FastCap Finance Analytics, the company said Thursday (Oct. 19). The platform aims to uncover hidden working capital, enabling businesses to free up cash for operations, enhance financial security, and support growth.

Conduent Launches FastCap Finance Analytics Working Capital Tool

In 12 months, across 17 clients, FastCap has delivered $69 million in cost savings In 12 months, across 17 clients, FastCap has delivered $69 million in cost savings

Conduent's Newest Software Solution for Finance, Accounting and Procurement Combines Technology and Expertise to Find Hidden Capital

FLORHAM PARK, N.J., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, plans to report its third-quarter 2023 financial results on Wednesday, November 1 at 9:00 a.m. ET.

Conduent to Report Third-Quarter 2023 Financial Results on Nov. 1, 2023

FLORHAM PARK, N.J., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a global technology-led business process solutions and services company, today announced Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, has recognized Conduent as a “Leader” in its 2023 ISG Provider Lens™— Customer Experience Services report.

News for Conduent Stock (CNDT)