Conduent (CNDT) Stock News

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 Transportation will showcase its advanced transit technologies at Transport Ticketing North America in Chicago, featuring its innovative 3D Fare Gate Solution. The company's fare gates, which use computer vision to distinguish people from objects while preventing fare evasion, have gained significant traction with major transit authorities. NJ TRANSIT selected Conduent for two stations, while SEPTA agreed to install 100 gates across nine Philadelphia stations following successful revenue improvements during a pilot program. The MTA in New York named Conduent as a potential vendor, with testing planned at five stations. Additional technologies on display include the DOT1 Ticket Vending Machine with AI integration and the VPE 430 Universal Validator for multiple ticket formats. Conduent Transportation operates in over 20 countries, providing mobility services for 50+ years.

Conduent (NASDAQ: CNDT) has been named to Newsweek's 2025 Global Most Loved Workplaces® list for the third consecutive year, ranking among the Top 100 companies worldwide. The recognition highlights Conduent's commitment to maintaining a workplace culture founded on trust, respect, purpose, and employee connection. The ranking was developed by Best Practice Institute (BPI) through analysis of over two million employees globally. The assessment focused on five key areas: optimism about company growth, career opportunities, alignment of values, respect and inclusiveness, and team collaboration. CEO Cliff Skelton emphasized that this recognition reflects their associates' genuine sentiment about working at Conduent and their dedication to fostering a positive workplace culture that benefits employees, clients, and communities.

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.

Conduent Transportation (Nasdaq: CNDT) has secured a contract with NJ TRANSIT to install advanced 3D fare gates at two New Jersey stations. The nearly 8-foot-tall gates will be implemented at Secaucus Junction and Newark Liberty International Airport stations, with a total of 72 gates planned.

This agreement follows a recent 2024 contract with SEPTA for 100 fare gates across nine Philadelphia-area stations. The implementation builds upon Conduent's 30-year partnership with NJ TRANSIT and comes after NJ TRANSIT awarded a five-year contract to Conduent in 2024 for contactless fare collection system enhancement.

The technology has proven successful in Paris with Transilien SNCF, and SEPTA's pilot program demonstrated increased annual revenue through improved fare evasion deterrence when combined with transit police efforts.