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Conduent Inc - CNDT STOCK NEWS

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.

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Conduent Incorporated (Nasdaq: CNDT) has completed the sale of its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo for $230 million. The sale is part of Conduent's strategy to focus on core capabilities and drive growth. The company aims to streamline its portfolio and enhance shareholder and client value while continuing to innovate in Road Usage Charging Solutions and Transit Solutions.

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Conduent Incorporated collaborates with Microsoft on an innovation initiative to implement generative AI in healthcare claims management, customer service platforms, and fraud detection. The partnership aims to enhance client operating performance and optimize business processes. Through this collaboration, Conduent and Microsoft will explore various use cases across different industries to improve efficiencies and customer experiences. The initiative includes pilots focusing on intelligent data harvesting, fraud detection processing, and customer service agent responsiveness. Conduent's expertise in robotic process automation positions them to guide clients in leveraging generative AI technology.

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Conduent, a global provider of smart mobility technology solutions, implements an Express Lanes tolling system in Virginia to improve traffic flow and relieve congestion for motorists. The system includes dynamic pricing, license plate image reviews, and an overhead vehicle classification system. VDOT will use data analytics to determine toll rates based on traffic volume. Conduent aims to enhance operational efficiency, accuracy, and customer service for transportation and tolling authorities.
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Major global businesses like Conduent, Vodafone, and Voya Financial are adopting Oracle Database@Azure to accelerate their cloud migrations. Oracle Database@Azure is now available in three regions worldwide with plans for 12 more by the end of 2024. Conduent streamlined transaction processing, Voya Financial delivers fast and secure services, and new solutions for disaster recovery and high availability are now available.
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Conduent Incorporated (Nasdaq: CNDT) will announce its first-quarter 2024 financial results on May 1, 2024. The results will be presented during a conference call and webcast at 9:00 a.m. ET. Investors can access the call through various channels, including a live audio cast, online presentation slides, and a toll-free number. A recording of the call will be available for three hours post-conference. International participants can dial in using specific numbers and conference IDs.
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Conduent Incorporated (Nasdaq: CNDT) implements fraud-reducing technologies for South Carolina Department of Social Services to combat EBT fraud, enhancing security for government aid programs like SNAP. The technologies aim to protect beneficiaries and agencies nationwide from fraud, ensuring the efficient distribution of nutrition assistance and cash benefits. Conduent's advanced IVR system and ConnectEBT mobile app provide real-time monitoring and account protection, helping prevent unauthorized access to EBT accounts and suspicious transaction activities.
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Conduent Transportation, a business unit of Conduent Incorporated (Nasdaq: CNDT), secures a 5-year contract renewal from NJ TRANSIT for implementing and upgrading a contactless fare collection system. The company also provides maintenance for hardware and software systems, including ticket vending machines and on-board validators. Conduent previously introduced a 'Tap & Ride' payment option for NJ TRANSIT customers using contactless credit and debit cards. Additionally, Conduent implemented contactless payment options for SEPTA in Philadelphia. The company aims to enhance digital, contactless payment convenience for transit riders.
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Conduent (CNDT) reported Q4 revenue of $953M and FY revenue of $3,722M, with a pre-tax loss of $(4)M in Q4 and $(332)M for FY 2023. Adjusted EBITDA margin was 10.8% in Q4 and 10.2% for FY. The company outlined a growth plan for 2025, with two divestitures expected in H1 2024 and a share repurchase program. Conduent's total liquidity remains strong at $1.1 billion. FY 2024 outlook projects Adj. Revenue of $3.6-3.7B and Adj. EBITDA Margin of 8-9%.
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Conduent Incorporated (Nasdaq: CNDT) has been recognized as an overall leader in NelsonHall's Benefits Administration 2024 NEAT Report for the fifth consecutive time. The evaluation highlighted Conduent's 35 years of experience in delivering HR services to large enterprise clients and its robust suite of integrated benefits administration services. Conduent was praised for its strong partnerships with leading solution providers and its Life@Work Connect experience platform, offering a personalized approach to benefits decision-making.
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Conduent Incorporated (CNDT) will report its Q4 and full-year 2023 financial results on February 14, 2024, at 9:00 a.m. ET. The call will be available via live audio cast and online presentation slides. International dial-in is also available. A recording of the call will be accessible until February 28, 2024.
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Conduent Inc

Nasdaq:CNDT

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CNDT Stock Data

331.75M
147.22M
7.35%
77.17%
1.63%
Information Technology Services
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United States
FLORHAM PARK