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 Incorporated reports developments for a global technology-driven business solutions and services company serving commercial, government and transportation clients. News commonly covers operating results, new business activity, cost and efficiency programs, and digital process services built around cloud computing, artificial intelligence, machine learning, automation and analytics.
Company updates also address GenAI-enabled finance and procurement tools such as FastCap, healthcare payer operations supported by Health Solutions Plus, HR service modernization, electronic benefits transfer security, tolling services and public-sector payment programs. Governance announcements, including board and senior leadership changes, are recurring corporate news themes for CNDT.
Conduent (Nasdaq: CNDT) has announced a strategic collaboration with Fairmarkit to enhance its procurement and finance capabilities through AI-powered technologies. The partnership combines Conduent's FastCap® Finance Analytics with Fairmarkit's autonomous sourcing platform to optimize procurement workflows.
Since 2021, FastCap has identified over $800 million in savings and recoveries, representing up to 10% of addressable spend. The integration of FastCap and Fairmarkit is expected to drive an additional 3-6% in savings through spend compliance, automated bidding, and enhanced supply options.
The collaboration aims to streamline procurement processes, enhance sourcing accuracy, and expand cost-saving opportunities through AI-driven insights and real-time data analytics.
Conduent (Nasdaq: CNDT), a global technology-driven business solutions and services company, will release its second-quarter 2025 financial results on Wednesday, August 6, 2025, before the market opens.
The company will host a conference call and webcast at 9:00 a.m. ET to discuss the results. Investors can access the call via audiocast at investor.conduent.com, or by calling 877-407-4019 (US) or +1 201-689-8337 (International) using conference ID 13754400. A recording will be available until August 20, 2025.
Conduent (Nasdaq: CNDT) announced expanded deployment of its Electronic Benefits Transfer (EBT) security solutions across U.S. states. The company's lock/unlock feature, now active in 12 states, allows SNAP benefit recipients to control their accounts through the ConnectEBT mobile app and portal.
The solution is part of Conduent's VeriSight Anti-Fraud Suite, which includes intelligent IVR systems for detecting suspicious calls and real-time usage alerts. The company is also preparing to implement EMV chip technology for SNAP cards and mobile wallet integration with Apple Pay and Google Pay to enhance security and user convenience.
The 12 states currently using the lock/unlock feature are Alabama, Delaware, Georgia, Indiana, Iowa, Maryland, New Jersey, Ohio, Oklahoma, Pennsylvania, South Carolina, and Virginia, with more states expected to adopt soon.Conduent (Nasdaq: CNDT) has implemented a new EMV contactless payment system for Navigazione Laghi's boat fleet in northern Italy, marking one of the first such systems for boat transportation in the country. The system enables passengers to make tap-in and tap-out payments using contactless cards and digital wallets on board the vessels.
The implementation complements Conduent's previously installed electronic ticketing system at ticket offices across Lakes Maggiore, Garda, and Como, serving approximately 12 million annual passengers. This advancement modernizes fare collection and enhances the digital payment infrastructure for Navigazione Laghi, the government agency operating the boat fleet.
The solution is part of Conduent Transportation's global presence, with fare collection systems operating across more than 400 public transit networks worldwide.
Conduent (Nasdaq: CNDT) has achieved Leader status in two key 2025 NelsonHall NEAT assessments for HR & Talent Transformation services. The company excels in Benefits Administration and Experience-Led HR Transformation, demonstrating strength in advanced technology integration, including GenAI and AI-driven personalization.
The company's Life@Work® Connect Experience Platform offers comprehensive benefits administration services, featuring personalized wellness solutions and AI-driven recommendations. Conduent's HR transformation capabilities include 125 globally configurable HR processes and a team of over 5,000 professionals across HR, payroll, benefits, and learning administration.
Notably, Conduent secured Leader positions in 5 out of 6 categories in Benefits Administration and 9 out of 10 categories in Experience-Led HR Transformation, while being named an Overall Market Leader in both reports.
Conduent (NASDAQ: CNDT) reported its Q1 2025 financial results with mixed performance. The company recorded revenue of $751 million, representing an 18.5% year-over-year decline, and an adjusted revenue decline of 8.5%. The company posted a pre-tax loss of $56 million, compared to a profit of $127 million in Q1 2024, primarily due to the prior year's BenefitWallet portfolio transfer gain.
Despite challenges, there were some positive indicators: Adjusted EBITDA increased to $37 million with a margin of 4.9%, showing improvement from 4.4% in Q1 2024. New business signings and Net ARR Activity Metric showed year-over-year improvement. The company maintained a strong liquidity position with $293 million in cash and an largely undrawn $550 million credit facility.
Conduent reaffirmed its FY 2025 outlook, projecting adjusted revenue between $3.1-3.25 billion and adjusted EBITDA margin of 4.5-5.5%. The company also highlighted several new contract wins and technological achievements, including AI implementations and transit system modernizations.
Conduent (Nasdaq: CNDT) has announced it will release its first-quarter 2025 financial results on Wednesday, May 7, 2025, before the market opens. The company will host a conference call and webcast at 9:00 a.m. ET on the same day to discuss the results.
Investors can access the live audiocast and presentation slides at investor.conduent.com. The conference call can be joined via toll-free number 877-407-4019 (Conference ID: 13752430) or internationally at +1 201-689-8337. A recording will be available for replay until May 20, 2025, by calling 877-660-6853 with access ID 13752430.
Conduent (Nasdaq: CNDT) has been honored as a 2024 Supplier of the Year by General Motors at GM's 33rd annual Supplier of the Year event in Phoenix, Arizona. This marks the third time Conduent has received this prestigious recognition from GM.
The award highlights the successful partnership between the two companies, with Conduent demonstrating strong business outcomes and deep understanding of GM's operations. Mike McDaniel, Group President, Commercial Solutions at Conduent, emphasized the significance of this recognition as a testament to the seamless collaboration between both organizations.