Conduent Inc Stock Price, News & Analysis

Conduent's Maven® has been selected as the new Case and Incident Management System (CIMS) for the UK Health Security Agency (UKHSA), replacing the existing system. This transition aims to bolster public health responses following the COVID-19 pandemic. Maven will initially track acute respiratory infections, including COVID-19, with expansion planned for other diseases by winter 2022. The platform promises advanced configurability, efficient data entry, and streamlined workflows. Conduent, with nearly 40 years in public service, aims to enhance health monitoring and response capabilities.

Conduent Transportation, a division of Conduent, is set to showcase innovative transit solutions at the APTA TRANSform Conference and Expo from November 8-10, 2021, in Orlando, Florida. These technologies aim to enhance transit ridership while maintaining public health safety. Key offerings include the 3-D Detection Gate for fare evasion detection, the Holostop contactless holographic button, and the SimpliGo mobile ticketing solution. The expo serves as a platform to connect transit leaders and demonstrate advancements in fare collection and fleet management.

Conduent (NASDAQ: CNDT) reported Q3 2021 revenue of $1,038M, a slight decline of 0.3% compared to Q3 2020. Adjusted EBITDA was $130M, representing a 12.5% margin. Notably, the company achieved $344M in new business total contract value (TCV) signings for the quarter, bringing year-to-date TCV to $1,475M. The annual recurring revenue (ARR) signings were $87M, totaling $297M year-to-date. The net ARR activity metric rose by 25% from Q2 2021 to $132M. Conduent maintains an optimistic outlook for FY 2021 revenues between $4,100M and $4,175M.

Conduent (NASDAQ: CNDT) has been recognized as a 'Leader' in the 2021 ISG Provider Lens™ Contact Center – Customer Experience Services Global report by Information Services Group (ISG). The report evaluated 28 companies and identified Conduent as a leader in all four categories: Digital Operations, AI/Analytics, Work from Home, and Social Media CX. ISG commended Conduent for its innovative solutions and strong market positioning, highlighting its commitment to customer experience and its effective transition to next-generation CX solutions.

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.