Welcome to our dedicated page for Conduent news (Ticker: CNDT), a resource for investors and traders seeking the latest updates and insights on Conduent stock.
Conduent Inc. (NASDAQ: CNDT) delivers essential business process services that power modern enterprises and government operations. This news hub provides investors and stakeholders with comprehensive updates on the company's strategic initiatives across healthcare, transportation, and public sector solutions.
Access real-time announcements including quarterly earnings reports, technology partnerships, and contract renewals with government agencies. Our curated feed tracks Conduent's innovations in automation, cloud migration, and constituent experience enhancements that drive operational efficiency for global organizations.
Stay informed about developments in key service areas: digital payment systems modernization, healthcare claims processing advancements, and intelligent transportation solutions. This resource serves as your primary source for monitoring CNDT's progress in transforming high-volume transaction systems through cutting-edge analytics and AI-driven platforms.
Bookmark this page for direct access to verified corporate communications and market-moving updates. Regular visitors gain strategic insights into how Conduent maintains leadership in mission-critical business services while navigating evolving industry demands.
Conduent Transportation, a division of Conduent (Nasdaq: CNDT), has expanded its partnership with MZ Technologie to globally sell the Holostop®, an innovative contactless holographic stop button designed for public buses. This follows their initial agreement for the French market. The Holostop allows passengers to request stops without touching surfaces, enhancing safety. First tested in France, it will be available internationally from January 2022. The product aligns with Conduent's commitment to modernizing transportation systems worldwide.
Conduent (Nasdaq: CNDT) has secured an eight-year contract with the Washington State Health Care Authority to implement a Pharmacy Benefit Management (PBM) module for its Medicaid Management Information System. This contract aligns with new state laws aimed at lowering prescription drug costs and enhances the HCA's transition to Software-as-a-Service technology, benefiting 2.1 million residents. The PBM module offers key functionalities like analytics and prior authorization, and aims to improve health outcomes and reduce costs.
Conduent (Nasdaq: CNDT) announced enhancements to its HSP Core Claims Administration solution, aimed at improving efficiency and flexibility for healthcare payers and TPAs. These updates support omnichannel communication, enable better data accessibility, and ensure compliance with regulatory standards. The system aims to help clients achieve operational cost reductions of up to 30%. Ongoing investments in the platform will help meet healthcare service expectations, according to Sheila Curr, President of Global Healthcare.
Conduent Incorporated (Nasdaq: CNDT) received the 2021 Toll Excellence President’s Award for Innovation for the Tolls NY app at the IBTTA Annual Meeting in Anaheim, California. This app allows users to manage toll payments and E-ZPass accounts effortlessly, thereby promoting automated, cashless tolling which helps reduce traffic congestion and emissions. Launched in 2020, the app has surpassed 1 million downloads and processed over $70 million in payments. The project highlights Conduent's commitment to enhancing customer experiences through technology.
Conduent Incorporated (Nasdaq: CNDT) is set to announce its third-quarter 2021 financial results on November 4, 2021, post-market close. A conference call will follow at 5:00 p.m. ET, available via webcast and by phone. The call’s recording will be accessible shortly after its conclusion until November 18, 2021. Conduent focuses on delivering essential services and solutions for businesses and governments, achieving significant efficiencies and cost savings for its clients.
Conduent, a business process services company, announced successful debt refinancing on October 18, 2021. The refinancing includes $265 million in a five-year term A loan, $515 million in a seven-year term B loan, and a revolving loan facility of up to $550 million. Additionally, they completed a private offering of $520 million in Senior Secured Notes due 2029. The refinancing aims to strengthen Conduent’s financial foundation and provide flexibility for future growth, allowing for optimized capital allocation.
Conduent Incorporated (Nasdaq: CNDT) celebrated Customer Service Week by recognizing the efforts of its 60,000 associates who facilitate over 200 million customer interactions annually. The company emphasizes the critical role of customer service, supported by numerous impactful stories from its associates. Conduent serves various industries, including healthcare and government, and is noted for delivering solutions that enhance efficiency and reduce costs, resulting in significant savings for clients. The commitment of its workforce is central to Conduent's operations, impacting millions globally.
Conduent, alongside Getnet and Work Level, has launched a contactless payment system for three lines of the Mexico City Metrobús. This initiative allows nearly 1 million users to pay fares using major contactless credit and debit cards as well as NFC-enabled devices. The system includes advanced ticket vending machines and a back-office fare collection system under the EMV payment model, marking a significant upgrade in public transit payment systems in Latin America. This collaboration aims to enhance ridership experiences with modern payment methods.
Conduent is now assisting approximately 10.4 million recipients with state benefits through the Pandemic Electronic Benefit Transfer (P-EBT) program, a figure that has more than doubled from the previous year. Additionally, 12 million recipients are supported under the Supplemental Nutrition Assistance Program (SNAP), marking an 18% increase since the pandemic began. Conduent provides over 40% of the nation’s SNAP payments for 25 state agencies, showcasing the company's critical role in addressing food assistance needs amidst ongoing economic challenges.
