Announcement • May 22
Conduent Incorporated Appoints Adam Demuyakor to Its Board of Directors, Effective June 1, 2026 Conduent Incorporated announced the appointment of Adam Demuyakor to its Board of Directors, effective June 1, 2026. Mr. Demuyakor brings experience in technology, strategic investing, and business transformation, with a track record of advising organizations on innovation, enterprise modernization, and growth. Mr. Demuyakor is Founder and Managing Partner of Wilshire Lane Capital, a venture capital firm focused on high-growth, technology-enabled businesses, and transformative technologies. In this role, he advises corporate partners on business modernization initiatives and has led investments across generative AI applications, enterprise software, financial technology, and infrastructure platforms. In addition to his role at Wilshire Lane Capital, Mr. Demuyakor serves as Vice Chairman of the Housing Authority of the City of Los Angeles, the second-largest public housing authority in the United States, and he brings direct governance experience with complex governmental enterprises. Prior to founding Wilshire Lane Capital, he also held investment and advisory roles at Andreessen Horowitz, The Carlyle Group, and Morgan Stanley. Mr. Demuyakor holds a bachelor’s degree, with high honors, from Harvard College and an MBA from Harvard Business School. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Kathy Higgins Victor was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 12
Conduent Incorporated Provides Earnings Guidance for 2026 and 2027 Conduent Incorporated provided earnings guidance for 2026 and 2027. For 2026, the company expects revenues of $2,800 Million - $2,900 Million.
For 2027, the company expects flat to positive revenue outlook. Announcement • Apr 28
Conduent Incorporated to Report Q1, 2026 Results on May 11, 2026 Conduent Incorporated announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 11, 2026 Announcement • Apr 06
Conduent Incorporated, Annual General Meeting, May 14, 2026 Conduent Incorporated, Annual General Meeting, May 14, 2026. Announcement • Mar 07
Conduent Incorporated Appoints Greta Van to Board of Directors Conduent Incorporated announced the appointment of Greta Van to its Board of Directors. Van brings more than two decades of progressive leadership experience spanning finance, audit, enterprise risk management, and strategic operations within global, publicly traded organizations. Van currently serves as Chief Audit Executive at Jack Henry & Associates, a leading financial technology and payment processing provider. In this role, she advises the Board and Audit Committee on governance, internal controls, and enterprise risk while overseeing public company compliance and high-value strategic consulting initiatives. She has transformed the company’s internal audit function, expanded its consulting mandate, delivered cost reductions in external audit engagements, and is valued as a strategic business partner to the operations team. Van also held senior leadership roles at PRGX, Infor Global Solutions, Crawford & Company, Internap, Comverge, and Accretive Solutions. Her experience also includes enterprise strategy, M&A governance, information security, business continuity, and operational integration. Announcement • Feb 06
Conduent Incorporated to Report Q4, 2025 Results on Feb 12, 2026 Conduent Incorporated announced that they will report Q4, 2025 results Pre-Market on Feb 12, 2026 Announcement • Dec 24
Conduent Launches Italy's First Integrated Transit Emv Contactless Payment System with Brescia Mobilita and Arriva Italia Conduent Transportation announced the launch of Italy's first integrated transit EMV (Europay, Mastercard, and Visa) contactless payment system, developed in partnership with transit operators Brescia Mobilita and Arriva Italia. Conduent previously collaborated with both operators to implement their individual EMV systems, and this new integration marks a significant step forward in digitalizing ticketing systems. The integrated system allows passengers traveling on Brescia Mobilita's urban network and Arriva Italia's extra-urban network to purchase a single ticket that is valid across both systems using contactless debit or credit cards, as well as NFC enabled digital wallets. The solution automatically calculates the correct fare based on the journey taken. In addition, the system enables a multi-passenger ticket, allowing one traveler to purchase multiple fares in a single transaction with the same card. This represents the first EMV system integration between two public transport operators in Italy, and it serves as a pioneering example of a multi-operator EMV platform functioning as a shared service hub across public transport companies. To support this innovation, Conduent enhanced its EMV solution with two new modules. A Tokenizer protects sensitive data by generating a unique identifier, or token, for each card used. An Orchestrator manages the end-to-end payment process, ensuring transactions are secure and efficient, including the reconciliation of payments. Conduent fare collection systems are in use on more than 400 public transit networks of all sizes around the world. In addition to Brescia, Conduent has deployed contactless payment systems in more than 10 cities in Italy including Bergamo, Venice, and Verona. Announcement • Nov 05
Conduent Applies GenAI to Revolutionize Detection of Reportable Events and Sets New Standard for FDA Compliance Conduent Incorporated announced the launch of a new GenAI-powered reportable event detection solution that dramatically improves the identification of events and empowers healthcare companies to ensure the highest standards of patient safety, both of which are critically important. Built on Microsoft Azure OpenAI, Conduent's reportable event detection solution enhances the speed, accuracy, and consistency to identify incidents that must be provided to theFood & Drug Administration (FDA) for compliance. These events include adverse reactions, product complaints, and usability issues that could arise across millions of customer interactions. Pharma and Life Science companies handle countless interactions with customers every day via emails, chats, voice calls, texts, faxes, and social and digital platforms, and within these interactions is vital information that potentially must be reported to the FDA. Real-world examples of reportable events: A patient emailing about unexpected dizziness after taking a prescribed medication. A caregiver calling to report a child's rash after using a topical cream. A customer texting that their insulin pen malfunctioned during use. A chatbot conversation revealing confusion over dosage instructions. A social media post describing a broken inhaler or packaging defect. Setting New Standard for Compliance: Quality control to ensure the highest standards of quality, accuracy, and compliance are met is typically a manual process that can only randomly evaluate a small percentage of customer interactions. This new GenAI-powered solution can review nearly 100% of interactions across all channels, using GenAI to analyze language, context, and compliance rules to revolutionize the identification of reportable events. This solution integrates GenAI with logical reasoning, AI-driven search, client-specific rules, training materials, and regulatory framework, backed by Conduent's infrastructure, to automate the capture and classification of reportable events. Key Benefits: Enhanced Efficiency: Streamlines the process of identifying reportable events, saving time and reducing manual efforts. Quality and Consistency: Understands the variability of consumer language to better identify potential reportable events and product quality complaints, and provides consistent, high-quality reporting. Regulatory Compliance: Enables adherence to FDA regulations and other compliance standards, minimizing the risk of penalties. Life Science companies can use the data to enhance their marketing strategies, product packaging and user experiences while ensuring compliance with FDA regulations. The Conduent reportable event detection tool is another collaboration where Conduent leverages Microsoft Azure OpenAI to drive quality, improve customer experience, and save cost. Announcement • Oct 31
Conduent Incorporated Announces Appointment of Michael J. Fucci to its Board of Directors, Effective October 27, 2025 Conduent Incorporated announced the appointment of Michael J. Fucci to its Board of Directors, effective October 27, 2025. Mr. Fucci brings more than 40 years of leadership experience, having most recently served as Deloitte US Chair from 2015-2019. In that role, he provided governance and strategic oversight on key priorities including enterprise strategy, leadership succession, risk management, talent development, and executive compensation driving both revenue growth and market share. He joined Deloitte’s board of directors in 2012 and currently serves on the board of directors of Acadia Healthcare and Flotek Industries Inc. Beginning his career with Deloitte’s predecessor firm in 1981, Mr. Fucci played a pivotal role in expanding the firm’s human capital business into an industry leader and later served as Chief Operating Officer. He retired from Deloitte in 2020. Announcement • Oct 10
Conduent Incorporated Announces Termination of Employment of Michael McDaniel, Executive Vice President of Commercial Solutions, Effective October 7, 2025 Conduent Incorporated announced that in connection with an elimination of a management layer and associated restructuring of roles and responsibilities, the employment of Michael McDaniel, Executive Vice President of Commercial Solutions of the company, was terminated without cause, effective October 7, 2025. Announcement • Aug 07
Conduent Incorporated (NasdaqGS:CNDT) announces an Equity Buyback for $50 million worth of its shares. Conduent Incorporated (NasdaqGS:CNDT) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its shares. The program is valid up to three years. Announcement • Aug 06
Conduent Incorporated Announces Board Changes Conduent Incorporated announced the appointment of Harsha V. Agadi as Chairman of its Board of Directors, effective August 6. He succeeds Scott Letier, who now chairs the Board’s Audit Committee. Mr. Agadi joined Conduent’s Board in 2025 and previously led its Audit Committee. Mr. Letier has served as a director since 2018 and as Chairman since 2021. Mr. Agadi, Chairman and CEO of GHS Holdings, LLC, brings over 35 years of experience in executive leadership and corporate governance across multiple industries in Public and Private companies. Announcement • Jul 23
Conduent Incorporated to Report Q2, 2025 Results on Aug 06, 2025 Conduent Incorporated announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Announcement • Jul 22
Conduent Incorporated Continues Deployment of its Electronic Benefits Transfer Solutions to Enhance Security and End-User Experience Conduent Incorporated announced the continued deployment of its Electronic Benefits Transfer (EBT) solutions to enhance security and the end-user experience. These enhancements include fraud prevention tools such as intelligent voice systems that detect suspicious calls, technologies enabling the planned move to EBT chip cards and mobile wallet integration, as well as a Conduent feature that locks and unlocks accounts, which is now being used in 12 U.S. states. The lock/unlock feature enables recipients of government assistance - specifically participants in the Supplement Nutrition Assistance Program (SNAP) - to lock and unlock their EBT accounts through Conduent's ConnectEBT mobile app and cardholder portal. Benefits recipients can lock their card to block all purchases or limit the blocking to purchases outside of their home state, giving them greater control and helping to prevent unauthorized access by fraudsters. The account control feature is part of Conduent's VeriSight Anti-Fraud Suite, a set of innovative tools available to state agencies to address threats of fraud in public benefit programs. The 12 Conduent-supported states currently offering the lock/unlock functionality are Alabama, Delaware, Georgia, Indiana, Iowa, Maryland, New Jersey, Ohio, Oklahoma, Pennsylvania, South Carolina, and Virginia - with additional states expected to adopt the technology in the near future. Announcement • Jun 26
Conduent Incorporated Announces Board Changes, Effective August 6, 2025 On June 25, 2025, the Board of Directors of Conduent Incorporated appointed Harsha V. Agadi, currently serving as a member of the Board, to succeed Scott Letier as the Chairman of the Board and Scott Letier to become chair of the Company’s audit committee, in each case effective August 6, 2025. Announcement • Jun 24
Conduent Transportation to Showcase Innovative 3D Fare Gates and Other Transit Technologies at Transport Ticketing North America Conduent Transportation will showcase a range of advanced transit innovations - including its 3D Fare Gate Solution - at the Transport Ticketing North America conference and exposition, June 24-25 in Chicago. Technologies on display at Conduent Transportation's exhibit (Booth #F5) will include: Enhancing Passenger Experience and Combating Fare Evasion: Conduent's 3D Fare Gate Solution enables fast and seamless access for passengers while helping transit agencies detect and deter fare evasion. The system uses a computer vision algorithm that accurately distinguishes people from objects such as strollers and suitcases, and service animals - improving both security and usability. Transit authorities also benefit from real-time reporting and analytics, identifying exactly when and where fare evasion occurs. These fare gates have recently been selected by multiple large agencies to strengthen public transit. Earlier this year, Conduent was selected by NJ TRANSIT to install 3D fare gates at two stations in New Jersey. That milestone followed a 2024 agreement with the Southeastern Pennsylvania Transportation Authority (SEPTA) to install 100 Conduent gates across nine Philadelphia-area stations. SEPTA's decision was based on a successful pilot program where fare enforcement efforts combined with the new technology led to increased revenue. In April, the Metropolitan Transportation Authority (MTA) in New Yorknamed Conduent as a potential vendor to help modernize subway fare systems. Conduent's gates will be installed for testing at five MTA stations this fall. DOT1 Ticket Vending Machine: This compact, multimedia platform sells digital QR code transit tickets while supporting tourism and mobility services. DOT1 integrates AI, virtual assistants, and remote management in an accessible, user-friendly format designed for flexible deployment and cross-sell opportunities. VPE 430 Universal Validator: Compatible with all ticketing formats - paper, card, or digital - the VPE 430 ticket validator integrates seamlessly with both online and traditional fare systems. It enables quick and intuitive check-in/check-out experiences for travelers entering or exiting public transit networks. Announcement • May 21
Conduent Incorporated Appoints Harsha Agadi as Director Conduent Incorporated in its Annual General Meeting held on May 20, 2025 announced the appointment of Harsha Agadi as Director. Announcement • Apr 23
Conduent Incorporated to Report Q1, 2025 Results on May 07, 2025 Conduent Incorporated announced that they will report Q1, 2025 results Pre-Market on May 07, 2025 Announcement • Apr 10
Conduent Incorporated, Annual General Meeting, May 20, 2025 Conduent Incorporated, Annual General Meeting, May 20, 2025. Location: meetnow.global/mqc2f9s, United States Announcement • Feb 13
Conduent Incorporated Reports Unaudited Consolidated Goodwill Impairment for the Fourth Quarter Ended December 31, 2024 Conduent Incorporated reported unaudited consolidated goodwill impairment for the fourth quarter ended December 31, 2024. For the quarter, the company reported goodwill impairment of $28 million. Announcement • Feb 11
Conduent Incorporated Introduces Conni, the New GenAI Virtual Assistant for Companies and Government Agencies Conduent Incorporated launched Conni, an innovative GenAI virtual assistant developed as part of the company's AI initiative. Leveraging Microsoft Azure OpenAI Service, Conni is designed to enhance the quality of results and improve customer experience across Conduent platforms for companies and government agencies. The first implementation of Conni is in Conduent's Life@Work®? Connect Experience Platform, a secure closed system, centralized portal for health, wealth, and wellness employee benefits. Life@Work Connect, with its suite of advanced AI-driven features like JellyVision and TALON, consolidates data from various sources, offering interactive content, educational resources and guided recommendations to help employees manage their benefits with a personalized, intelligent experience. With Conni in Life@Work Connect, employees can: Use natural, everyday language, avoiding the technical jargon. Get fast, accurate personalized answers to specific questions about their health and wealth benefits and supplemental benefits. Easily navigate to resources and transactions for life events, health savings accounts, flexible savings accounts, and other benefits. Access personalized data and employer program details to make informed decisions. Use information from all resources on the Life@Work Connect Experience Platform. Seamlessly transition to live customer support when needed. Announcement • Jan 31
Conduent Incorporated to Report Q4, 2024 Results on Feb 12, 2025 Conduent Incorporated announced that they will report Q4, 2024 results Pre-Market on Feb 12, 2025 Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.75 (vs US$1.34 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.75 (up from US$1.34 loss in 3Q 2023). Revenue: US$807.0m (down 13% from 3Q 2023). Net income: US$123.0m (up US$414.0m from 3Q 2023). Profit margin: 15% (up from net loss in 3Q 2023). Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Professional Services industry in Europe are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year. Announcement • Oct 23
Conduent Incorporated to Report Q3, 2024 Results on Nov 06, 2024 Conduent Incorporated announced that they will report Q3, 2024 results Pre-Market on Nov 06, 2024 Announcement • Aug 30
Conduent Incorporated Announces Executive Changes Effective August 23, 2024, the Board of Directors of Conduent Incorporated designated George Abate, the company’s current Vice President – Head of Accounting as its principal accounting officer. Mr. Abate will oversee the company’s accounting matters. Prior to Mr. Abate’s promotion, Stephen Wood, the company’s Executive Vice President and Chief Financial Officer, effectively served as the company’s principal accounting officer. Mr. Wood will continue to serve as the company’s principal financial officer. Mr. Abate, age 62, has served in his current role as the company’s Vice President – Head of Accounting since August 2020 and prior to that in various accounting leadership roles of increasing responsibility since 2017. He began his accounting career in the Assurance Practice of KPMG, LLP. Mr. Abate holds a Bachelor of Science in Accounting from Fairfield University. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.44, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 44% over the past three years. New Risk • Aug 08
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Earnings are forecast to decline by an average of 74% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Announcement • Jul 24
Conduent Incorporated to Report Q2, 2024 Results on Aug 07, 2024 Conduent Incorporated announced that they will report Q2, 2024 results Pre-Market on Aug 07, 2024 Announcement • May 05
MedRisk, LLC agreed to acquire Conduent Casualty Claims Solutions LLC from Conduent Incorporated (NasdaqGS:CNDT) for approximately $240 million. MedRisk, LLC agreed to acquire Conduent Casualty Claims Solutions LLC from Conduent Incorporated (NasdaqGS:CNDT) for approximately $240 million on May 3, 2024. As part of this transaction, current Conduent employees in the Casualty Claims Solutions business will join MedRisk. The transaction subject to satisfaction of customary closing conditions and regulatory approvals and transaction expected to close in the third quarter of 2024. Truist Securities, Inc and UBS Investment Bank acted as financial advisors to MedRisk, LLC. Announcement • May 03
Conduent Incorporated Provides Earnings Guidance for the Full Year 2024 Conduent Incorporated provided earnings guidance for the full year 2024. For the year, the company expects revenue of $3,600 million - $3,700 million. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.46 (vs US$0.037 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.46 (up from US$0.037 loss in 1Q 2023). Revenue: US$921.0m (flat on 1Q 2023). Net income: US$97.0m (up US$105.0m from 1Q 2023). Profit margin: 11% (up from net loss in 1Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Apr 19
Conduent Incorporated to Report Q1, 2024 Results on May 01, 2024 Conduent Incorporated announced that they will report Q1, 2024 results Pre-Market on May 01, 2024 Announcement • Apr 04
Conduent Incorporated, Annual General Meeting, May 17, 2024 Conduent Incorporated, Annual General Meeting, May 17, 2024, at 09:30 Eastern Daylight. Agenda: To consider and approve Election of eight director nominees; A proposal to ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2024; and A proposal to approve, on an advisory basis, the 2023 compensation of named executive officers. New Risk • Mar 26
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$306m Forecast net loss in 3 years: US$227m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 23
Full year 2023 earnings released: US$1.41 loss per share (vs US$0.89 loss in FY 2022) Full year 2023 results: US$1.41 loss per share (further deteriorated from US$0.89 loss in FY 2022). Revenue: US$3.72b (down 3.5% from FY 2022). Net loss: US$306.0m (loss widened 59% from FY 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 15
Full year 2023 earnings released: US$1.41 loss per share (vs US$0.89 loss in FY 2022) Full year 2023 results: US$1.41 loss per share (further deteriorated from US$0.89 loss in FY 2022). Revenue: US$3.72b (down 3.5% from FY 2022). Net loss: US$306.0m (loss widened 59% from FY 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Feb 06
Conduent Incorporated to Report Q4, 2023 Results on Feb 14, 2024 Conduent Incorporated announced that they will report Q4, 2023 results at 9:00 AM, US Eastern Standard Time on Feb 14, 2024 Announcement • Dec 15
Conduent Transportation Develops New Software Platform to Transform Ticket Vending Machines First Used by Trenord in Italy Conduent Transportation announced that it has developed an innovative new software platform that transforms the capabilities of ticket vending machines for transport operators globally. The software platform enables passengers to purchase tickets and top-up contactless cards and tickets with a completely new customer experience. Italy's Trenord is the first transit agency to use the software platform, which is now implemented on 250 ticket vending machines across the Lombardy region, including Milan. The new Conduent software platform, which is based in the operator's centralized control room, was designed to enable a user experience consistent with the most widely used web apps. The machines accept payment by digital payment apps, in addition to payment by contactless credit and debit cards, NFC-enabled devices or cash. Customers are also able to access multimedia content, such as information about how to use their ticket or promotional videos about specific train destinations. A trip planner has also been integrated showing available travel options. In addition, the new software platform allows Trenord to: Custozeze the home page and the menu of each individual ticket machine, changing the options and products offered based on seasonality and the location of the machine; Display scrolling messages, such as information about the status of the service or promotional offers; Manage accounting data, in real time, and monitor a ticket machine's sales performance; and Monitor, in real time, the status of machines, allowing timely intervention should there be an issue. the ticketet machine software platform is also enabled to allow the future implementation of new siness models. Examples include the sale of non-transport-related products and services and the cross-selling of additional products and services linked to the ticket purchased by the customer, such as tickets for museums and sporting events. More than 750,000 travelers use Trenord every day on a railway network of 460 stations, serving the whole of the Lombardy region, seven provinces of neighboring regions, the Canton of Ticino and Malpensa International Airport. Announcement • Nov 03
Conduent Incorporated Announces Goodwill Impairment for Three Months Ended September 30, 2023 Conduent Incorporated announced goodwill impairment for three months ended September 30, 2023. For the period the company announced Goodwill impairment of $287 million. Reported Earnings • Nov 02
Third quarter 2023 earnings released: US$1.34 loss per share (vs US$0.06 profit in 3Q 2022) Third quarter 2023 results: US$1.34 loss per share (down from US$0.06 profit in 3Q 2022). Revenue: US$932.0m (down 4.6% from 3Q 2022). Net loss: US$291.0m (down US$304.0m from profit in 3Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Oct 20
Conduent Incorporated Announces its Latest Finance, Accounting and Procurement Software Solution, Fastcap Finance Analytics Conduent Incorporated announced its latest Finance, Accounting and Procurement (FAP) software solution, FastCap Finance Analytics, a new technology platform that uncovers hidden working capital, which frees up cash for operations, improves financial security and supports growth. Finance teams are challenged to pinpoint cash leakage because their technology is often fragmented across multiple Accounts Payable platforms. Teams have limited use of process automation tools and lack accurate and timely analytics and reporting. FastCap Finance Analytics Improves Business Outcomes: In 12 months, across 17 clients, FastCap has delivered $69 million in cost savings through recoveries, optimizing the supply base and improving contract compliance by 33%. FastCap tools have prevented more than $15 million in erroneous payments missed by ERP system controls. FastCap analytics deliver actionable insights that prevent future errors, with an implementation of 90 days from analysis to recovery. FastCap Finance Analytics delivers outcomes using: Spend Forensics - financial data mining that analyzes spend across targeted categories to provide recommendations and opportunities for quick wins; Accounts Payable Post Payment Audit & Recovery - identifies and recovers erroneous, overpayments, duplicate payments and other errors after payment has been made; Vendor Statement Solicitation & Recovery - validates outstanding statement credits to determine the root cause of the issue and recover the credits; Contract Audits - digitizes contracts, purchase orders and invoices to identify key leakage areas; Freight Audits - identifies and audits small parcel shipments via freight payables to improve rates, collect overpayments and recover duplicate payments. Conduent's Procure to Pay Solutions Named "Rising Star" by ISG Information Services Group (ISG), a leading global technology research and advisory firm, recognized Conduent's Procure To Pay Solutions, which includes FastCap Finance Analytics, as a "Rising Star" in the FAP Provider Lens Banking. This is the first analyst review of the solution. Conduent works with many of the Fortune 100 companies to manage essential financial interactions and business services and with FastCap's no up-front cost, outcome-based pricing, there is virtually no risk to harness the multidimensional capabilities to uncover cash. Announcement • Oct 19
Conduent Incorporated to Report Q3, 2023 Results on Nov 01, 2023 Conduent Incorporated announced that they will report Q3, 2023 results at 9:00 AM, US Eastern Standard Time on Nov 01, 2023 Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Independent Director Steven Miller was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 03
Second quarter 2023 earnings released: US$0.046 loss per share (vs US$0.014 loss in 2Q 2022) Second quarter 2023 results: US$0.046 loss per share (further deteriorated from US$0.014 loss in 2Q 2022). Revenue: US$915.0m (down 1.4% from 2Q 2022). Net loss: US$10.0m (loss widened 233% from 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jul 23
Conduent Incorporated to Offer U.S. Federal Reserve’s FedNow? Service for Instant Payments Conduent Incorporated announced it is expanding its digital payment solutions by offering the U.S. Federal Reserve’s FedNow Service for instant payments. FedNow Service, the agency’s first new payment platform in nearly 50 years, significantly expands access to instant, safe and secure transactions with financial institutions and their customers in the United States. As part of the FedNow Service launch on July 19, Conduent completed successful payment transactions and payment requests with multiple clients, including a tolling authority, two state agencies and a global telecommunications company. Serving as a technical integrator for digital payments, Conduent is the only Business Process Solutions (BPS) provider to participate in the FedNow Service launch, and it is the first BPS to offer access to FedNow Service to its clients through Conduent’s Integrated Payments Hub. Financial institutions of all sizes, including regional and small banks, as well as the businesses and agencies and the millions of consumers served by financial institutions will now have more flexibility and more access to safe, secure, irrevocable immediate payments. Announcement • Jun 07
Conduent Incorporated Presents Financing Solutions to Support Lenders at NAF Association Non-Prime Auto Financing Conference Conduent Incorporated will be onsite at the National Automotive Finance (NAF) Association’s Annual Non-Prime Auto Financing Conference, from June 7-9 in Plano, Texas, in booth 203. Conduent will be showcasing its Auto Loan Management solutions, which feature its best-in-class platform that streamlines the loan management process, account servicing and collections. As a leading provider of technology solutions and expertise for more than 30 years in the loan servicing industry, Conduent supports more than 14 million consumer loans and leases. Clients automate and streamline their processes through several of Conduent’s loan management solutions: Loan Manager: a private cloud-based and fully customizable loan servicing system that helps businesses automate processes and navigate the auto financing landscape, reducing costs and delivering exceptional customer experiences. The demand-based SaaS approach removes the burden of buying, installing, upgrading and managing servers and infrastructure for financial institutions and consumer finance firms. The highly scalable, customizable and secure platform provides real-time visibility into loan and lease balances and transactions. Account servicing: Conduent’s customer contact services specialize in delivering services via telephone, mail, SMS text, and email, integrating features to automate processes and reporting. Account collections: These solutions pair Conduent teams and technology, supporting many aspects of collections operations including customer care, blended collection calls, payment processing, omnichannel communications and payment plan administration. Announcement • May 26
Conduent Incorporated, Annual General Meeting, May 24, 2023 Conduent Incorporated, Annual General Meeting, May 24, 2023, at 09:30 Eastern Daylight. Announcement • May 25
Conduent Incorporated Announces A New Provider Data Management Solution Conduent Incorporated announced a new Provider Data Management (PDM) solution that brings health insurance companies a single, real-time data source to ensure the accuracy of their doctors’ directories. The PDM uses innovative AI and advanced analytics to collect, validate and communicate a doctor’s participation within a network, demographic revisions and other key data points. The company’s newest solution enables health insurance companies to improve claims auto-adjudication rates by reducing common data errors—such as incorrect addresses and speciality information—and enhances doctor and member satisfaction with accurate, up-to-date information to avoid surprise bills and connect the patient to the right in-network provider. The No Surprises Act mandates that health plans update their directories within 48 hours of changes to doctor information to avoid steep penalties. As health insurance companies continue to use manual, resource-heavy processes, they run the risk of noncompliance with the law. Conduent’s PDM solution leverages AI and automation to drive critical daily information updates, while dedicated call center professionals reach out to providers to verify missing or incomplete information. The PDM is the newest addition to Conduent’s suite of end-to-end Healthcare Payer solutions to manage health plan administration. From member enrollment to claims management, the company’s software and services have helped health insurance companies engage members, meet compliance requirements, optimize cost of care and improve overall operational performance for more than 40 years. Announcement • May 17
Conduent Incorporated (NasdaqGS:CNDT) announces an Equity Buyback for $75 million worth of its shares. Conduent Incorporated (NasdaqGS:CNDT) announces a share repurchase program. Under the program, the company will repurchase up to $75 million worth of its shares. The repurchases will be funded from the Company's cash on hand. The program is valid up to three years. Recent Insider Transactions • May 10
President recently bought €91k worth of stock On the 5th of May, Clifford Skelton bought around 34k shares on-market at roughly €2.64 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Clifford has been a buyer over the last 12 months, purchasing a net total of €288k worth in shares. Reported Earnings • May 03
First quarter 2023 earnings released: US$0.04 loss per share (vs US$0.62 profit in 1Q 2022) First quarter 2023 results: US$0.04 loss per share (down from US$0.62 profit in 1Q 2022). Revenue: US$922.0m (down 4.7% from 1Q 2022). Net loss: US$6.00m (down 105% from profit in 1Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 16
Full year 2022 earnings released: US$0.89 loss per share (vs US$0.18 loss in FY 2021) Full year 2022 results: US$0.89 loss per share (further deteriorated from US$0.18 loss in FY 2021). Revenue: US$3.86b (down 6.8% from FY 2021). Net loss: US$192.0m (loss widened 405% from FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 9.9% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 15
Conduent Incorporated Reports Impairment Charges for the Fourth Quarter Ended December 31, 2022 Conduent Incorporated reported impairment charges for the fourth quarter ended December 31, 2022. For the quarter, the company reported goodwill impairment of $358 million. Announcement • Feb 01
Conduent Incorporated to Report Q4, 2022 Results on Feb 14, 2023 Conduent Incorporated announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 14, 2023 Announcement • Jan 13
Conduent Launches IntelliHealth Module for Healthcare Provider Engagement Conduent Incorporated announced the launch of the IntelliHealth module for healthcare provider engagement. This new module is an end-to-end solution to help pharma organizations improve access to, and increase engagement with, healthcare professionals to drive focused pharmaceutical sales and marketing. IntelliHealth enables pharma organizations to power faster and more effective product commercialization with advanced analytics, omnichannel communication and experienced sales professionals and medical science liaisons. The robust platform delivers highly flexible hybrid engagement models that enable pharma organizations to reduce risk, manage costs and gain competitive advantages while driving ROI across the full life cycle of a drug therapy. Pharma organizations are quickly adapting to the new normal where face-to-face contact to educate healthcare providers (HCPs) on established and emerging drug therapies has given way to remote interactions. The HCP now dictates when interactions occur across a variety of communications channels. IntelliHealth is built on modular architecture and application programming interfaces that integrate with other third-party services to drive omnichannel engagement from drug launch to maturity with measurable outcomes across the product lifecycle. The next-generation technology is matched with the company’s proven experience in delivering emergent campaigns, via remote and digital engagement, to create a seamless experience for HCPs. Announcement • Dec 01
Conduent Incorporated Releases Enhanced Viewpoint eDiscovery 7.5 Platform Conduent Incorporated announced the release of its enhanced Viewpoint eDiscovery 7.5 platform with added capabilities to review data from Microsoft Teams, continuous active learning enhancements that save time by prioritizing documents for review, and the addition of named entity recognition. Conduent’s Viewpoint eDiscovery Platform uses AI and machine learning to help legal teams efficiently and effectively manage electronically stored information found within various information and communication sources including email, chat, and structured and unstructured data repositories, including Microsoft Teams and other popular collaboration platforms. Expanded Microsoft Teams Data Capture: With the rapid increase of remote work, the use of business communication tools like instant messaging have created a significantly larger pool of data and information in the workplace. Platforms like Microsoft Teams bring together instant communication through audio and video calls and increase productivity with file sharing, messaging and collaboration. This results in additional data sources that are rich with content and context, which litigators must include in eDiscovery to avoid sanctions or missing key details. The launch of Viewpoint 7.5 adds the ability to process and display data from Microsoft Teams to the already robust list of instant message tools it supports including Slack, iChat, Skype, WhatsApp, Google Hangouts, and Bloomberg. Expanded Continuous Active Learning: In many review processes, attorneys spend a significant amount of time reviewing documents that are not relevant. Viewpoint’s enhanced Continuous Active Learning (CAL) module, built with machine learning, analyzes and learns from the reviewer’s content tagging in real-time. Viewpoint then uses AI to quickly and strategically assign a relevancy value to each document from a large volume of documents. The overall result leads to relevant documents reviewed sooner which gives the case team more time to develop a review plan and case strategy. The client-driven CAL enhancements include the flexibility to easily add new documents to an existing CAL review and the ability to share models between cases, so legal teams can capitalize on previous work products. Comprehensive CAL dashboards also leverage critical data to drive case team decisions on how to approach a large volume of documents while minimizing time and expenses for review. Newly Added Named Entity Recognition: Data breach and cyber incident review teams can now quickly and efficiently create notification lists by automating identification of entities with the Viewpoint Entity Management System that uses Microsoft Azure’s Named Entity Recognition Service. Announcement • Nov 15
Conduent Introduces Benepath® Suite of Solutions to Assist States with Eligibility and Enrollment for Medicaid, Snap and Other Benefit Programs Conduent Incorporated introduced its BenePath® Suite, a comprehensive set of digital solutions designed to modernize the eligibility and enrollment process for social services and government aid programs, from start to finish. The BenePath Suite delivers cloud-based, modular products that agencies can use for application processing, eligibility assistance, enrollment broker services, program education and outreach, and digital communication to beneficiaries. Conduent’s BenePath Suite offers numerous operational benefits for state agencies and service enhancements to the recipients that they serve. It integrates easily with states’ existing legacy systems and other service delivery products, and it provides omnichannel contact center operations. Agencies can use the Suite to address the challenges associated with reaching constituents whose eligibility may have changed since the COVID-19 pandemic and to achieve federal, state and local regulatory compliance. The BenePath Suite can help transform the health and human services ecosystem in which traditionally siloed and fragmented social services often increase administrative costs and impede modern service delivery. In addition to Medicaid and the Children's Health Insurance Program (CHIP), the Suite can support agencies with the Supplemental Nutrition Assistance Program (SNAP), Temporary Assistance for Needy Families (TANF), Low Income Home Energy Assistance Program (LIHEAP) and other constituent benefit programs. The introduction of Conduent’s BenePath Suite comes as states prepare for the end of the COVID-19 public health emergency (PHE). Agencies across the country are preparing to re-verify millions of people who became eligible for Medicaid under expanded eligibility rules during the PHE. States may also soon be subject to new regulations that aim to simplify the process for people to enroll and renew their coverage in Medicaid, CHIP and basic health programs. The BenePath Suite can help agencies navigate these unique challenges and rule changes, all while expanding self-service options and making it easier to communicate more effectively with constituents. With more than 50 years of healthcare industry experience, Conduent supports more than 30 million customers annually with government healthcare services, including 23 million Medicaid and CHIP beneficiaries. In 2021, Conduent disbursed a total of $125 billion in payments to support government programs, including approximately 45% of the nation’s SNAP payments. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.06 (vs US$0.042 in 3Q 2021) Third quarter 2022 results: EPS: US$0.06 (up from US$0.042 in 3Q 2021). Revenue: US$977.0m (down 5.9% from 3Q 2021). Net income: US$13.0m (up 44% from 3Q 2021). Profit margin: 1.3% (up from 0.9% in 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Oct 19
Conduent Incorporated to Report Q3, 2022 Results on Nov 01, 2022 Conduent Incorporated announced that they will report Q3, 2022 results After-Market on Nov 01, 2022 Announcement • Sep 15
Conduent Incorporated Deeply Engages Disease Surveillance for the Past 20 Years with the Development of the Maven(R) Disease Surveillance & Outbreak Management Platform Conduent Incorporated has been deeply engaged in disease surveillance for the past 20 years with the development of the Maven(R) Disease Surveillance & Outbreak Management Platform. Maven has enabled health professionals to quickly scale their response to the public health emergency declared for monkeypox by incorporating the recommendations and requirements of the Centers for Disease Control and Prevention (CDC) into the platform. In addition to regular updates to Maven's contact tracing, case, outbreak, and incident management capabilities, Conduent employs seasoned epidemiologists to support public health organizations (PHO) that have been overextended by the sustained response to COVID-19. Maven is used by public health officials, medical providers, and epidemiologists to facilitate the core mission of public health -- prevention, mitigation, and protection -- during an outbreak crisis. The U.S. deemed monkeypox a public health emergency in early August, giving PHOs access to additional resources to ramp up education, testing, and contacttracing in their jurisdictions and to improve coordination with local health and community-based organizations. The declaration also requires more robust and immediate data sharing with the CDC, which Maven enables. Monkeypox marks the seventh global health emergency declared by the World Health Organization (WHO) over the last 15 years. In each instance, Maven has helped PHO worldwide accomplish the work of protecting public health while securely tracing and monitoring patients infected with, or exposed to, dire communicable diseases. Maven is used across 28 jurisdictions --in the U.S. and internationally-- to manage cases of more than 100 reportable conditions. The technology platform has been, and remains, integral in the management of such diseases as COVID-19, Ebola, Zika, measles, tuberculosis, HIV, STDs, influenza, polio and monkeypox. Recent Insider Transactions • Aug 06
President recently bought €197k worth of stock On the 4th of August, Clifford Skelton bought around 48k shares on-market at roughly €4.13 per share. This was the largest purchase by an insider in the last 3 months. Clifford has been a buyer over the last 12 months, purchasing a net total of €466k worth in shares. Reported Earnings • Aug 03
Second quarter 2022 earnings released: US$0.01 loss per share (vs US$0.042 profit in 2Q 2021) Second quarter 2022 results: US$0.01 loss per share (down from US$0.042 profit in 2Q 2021). Revenue: US$928.0m (down 9.6% from 2Q 2021). Net income: US$0 (down US$9.00m from profit in 2Q 2021). Profit margin: 0% (down from 0.9% in 2Q 2021). Over the next year, revenue is expected to shrink by 1.9% compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jul 20
Conduent Incorporated to Report Q2, 2022 Results on Aug 02, 2022 Conduent Incorporated announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2022 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €4.27, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 22x in the IT industry in Germany. Total loss to shareholders of 46% over the past three years. Announcement • May 08
Conduent Incorporated Showcases its Legal Spend and Contract Analytics Tools at CLOC Global Institute Conduent Incorporated announced that its analytics experts predict legal and risk leaders at corporations and law firms will face two operational challenges this year: Strengthening resiliency. Teams need automation and insights to balance the new demands of work from home, improve productivity, support more strategic work, and enhance collaboration. Tech solutions reaching across the organization. Technology adopted by legal departments must also connect to key internal business partners such as procurement, risk, finance, and accounting to create digital records accessible throughout a company. The technology must also capture complex data, host data securely, and organize the data for easy search and retrieval. Conduent will showcase its legal spend and contract analytics tools at CLOC Global Institute in Las Vegas from May 9, 2022 to May 12. 2022. Conduent’s Legal Invoice Analytics solution delivers automated business processes including validating payment for invoices consisting of thousands of line items for legal and risk teams using hybrid and remote roles. With Conduent’s single, searchable database of all contracts, firms gain insight into contract portfolios to identify and assess risks and proactively resolve issues. The Contract Analytics solution reaches across legal, procurement, finance and accounting turning all aspects of a contract into easily accessible, searchable, and reportable data to drive automation for business and risk leaders. Legal teams can resolve compliance issues and optimize contract renegotiations while procurement teams can reduce contract leakage and improve supplier performance. Finance and accounting departments can reduce revenue and margin leakage by ensuring terms are being met all by integrating contracts into a single analytics solution. Recent Insider Transactions • May 07
President recently bought €95k worth of stock On the 5th of May, Clifford Skelton bought around 22k shares on-market at roughly €4.37 per share. This was the largest purchase by an insider in the last 3 months. Clifford has been a buyer over the last 12 months, purchasing a net total of €269k worth in shares. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: US$0.62 (vs US$0.061 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.62 (up from US$0.061 loss in 1Q 2021). Revenue: US$967.0m (down 5.9% from 1Q 2021). Net income: US$136.0m (up US$149.0m from 1Q 2021). Profit margin: 14% (up from net loss in 1Q 2021). Over the next year, revenue is expected to shrink by 3.7% compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Apr 28
Conduent Incorporated Announces Two New Enhancements to its Highly Configurable Strataware Medical Bill Review Platform Conduent Incorporated announced two new enhancements to its highly configurable Strataware® medical bill review platform. Strataware Relatedness and Strataware Rarity add greater efficiency to the bill review process and help workers compensation payers reduce medical spend with proprietary algorithms, advanced logic and automation to ensure that only compensable medical expenses are paid. Strataware Relatedness identifies medical bills which contain ICD diagnosis codes for treatment not related to an injury. Strataware Rarity highlights medical services that are unlikely or rare for a workers compensation claim. Conduent analysis of more than one million medical bills using Relatedness identified nearly 33% contained charges for treatment not related to a workplace injury, accident, or illness. An analysis of 2.3 million medical bills using Rarity identified 10% of bills contained diagnosis codes for conditions that are rarely treated in workers compensation. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Steven Miller was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Conduent Incorporated to Report Q1, 2022 Results on May 03, 2022 Conduent Incorporated announced that they will report Q1, 2022 results After-Market on May 03, 2022 Announcement • Apr 13
Conduent Incorporated, Annual General Meeting, May 25, 2022 Conduent Incorporated, Annual General Meeting, May 25, 2022, at 11:00 Eastern Daylight. Agenda: To consider proposal to elect eight directors; to consider proposal to ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2022; to consider proposal to approve, on an advisory basis, the 2021 compensation of named executive officers; and to Consider such other business as may properly come before the meeting. Recent Insider Transactions • Feb 23
Executive VP recently bought €88k worth of stock On the 18th of February, Stephen Wood bought around 21k shares on-market at roughly €4.19 per share. This was the largest purchase by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Breakeven Date Change • Feb 18
Forecast breakeven date pushed back to 2023 The 5 analysts covering Conduent previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 6.8% to 2022. The company is expected to make a profit of US$8.02m in 2023. Average annual earnings growth of 86% is required to achieve expected profit on schedule. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.18 loss per share (up from US$0.61 loss in FY 2020). Revenue: US$4.14b (flat on FY 2020). Net loss: US$28.0m (loss narrowed 78% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Feb 17
Conduent Incorporated Provides Earnings Guidance for the Fiscal Year 2023 Conduent Incorporated provided earnings guidance for the fiscal year 2023. The company expects its 2023 revenues to grow by between 1% and 4%. Announcement • Feb 05
Conduent Incorporated to Report Q4, 2021 Results on Feb 16, 2022 Conduent Incorporated announced that they will report Q4, 2021 results After-Market on Feb 16, 2022 Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.04 (vs US$0.043 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: US$1.04b (flat on 3Q 2020). Net income: US$11.0m (up US$20.0m from 3Q 2020). Profit margin: 1.1% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 12
President recently bought €85k worth of stock On the 10th of August, Clifford Skelton bought around 15k shares on-market at roughly €5.70 per share. This was the largest purchase by an insider in the last 3 months. Clifford has been a buyer over the last 12 months, purchasing a net total of €168k worth in shares. Announcement • Jul 15
Conduent Incorporated Solution Utilizes Digital Technology to Create Next-Generation Mailroom Operations Conduent Incorporated announced Digital Mailroom, a solution developed during the pandemic to manage incoming corporate mail for companies that are moving to either consolidate satellite mailrooms and/or establish virtual mailrooms. For more than 30 years, Conduent has been providing clients document automation services to process and manage a wide array of documents including healthcare medical claims, medical correspondence, workers compensation, banking and mortgage documents, as well as retail documents such as rental agreements. Now Conduent’s Digital Mailroom enables seamless back-office operations for organizations to efficiently digitize and accelerate processing of essential corporate mail, including legal documents, employment applications and other HR documents. Executive Departure • Jun 15
Executive VP & CFO Brian Webb-Walsh has left the company On the 11th of June, Brian Webb-Walsh's tenure as Executive VP & CFO ended. As of March 2021, Brian still personally held 281.10k shares (€1.6m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Announcement • May 21
Brescia Mobilità and Conduent Transportation Expand Contactless Payment to Area’s Bus Fleet Conduent Incorporated announced the successful introduction of an account-based ticketing contactless payment system on Brescia Mobilità’s bus fleet. The system is active on all 220 buses that serve the city of Brescia, Italy, and 14 surrounding municipalities. In December 2019, Conduent implemented the account-based ticketing system on Brescia Mobilità’s light metro transit network. By expanding the payment platform to buses, it is now possible to access Brescia Mobilità’s entire public transport network with a credit or debit card. Conduent’s ticket validators, located at the front of the buses, allow riders to access the service using major contactless credit and debit cards, including Mastercard, Visa, American Express, VPay and Maestro. NFC-enabled devices, such as smartphones and smart watches with digital wallets, such as Apple Pay, Samsung Pay, and Google Pay, can also be used. With account-based ticketing, the ticket is not stored on a device or other media, such as a smartphone or smart card, but in the cloud. This enables a range of devices or media to be securely linked via the cloud to the passenger’s account in the back office, making travel easier and more connected. Breakeven Date Change • May 18
Forecast to breakeven in 2022 The 4 analysts covering Conduent expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 88% to 2021. The company is expected to make a profit of US$6.51m in 2022. Average annual earnings growth of 123% is required to achieve expected profit on schedule. Reported Earnings • May 08
First quarter 2021 earnings released: US$0.061 loss per share (vs US$0.24 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$1.03b (down 2.2% from 1Q 2020). Net loss: US$13.0m (loss narrowed 75% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 28% per year. Announcement • May 07
Conduent Incorporated Provides Revenue Guidance for the Second Quarter of 2021 Conduent Incorporated provided revenue guidance for the second quarter of 2021. For the quarter, the company expects revenue to be flat to slightly up compared with Second Quarter of 2020. Announcement • Mar 04
Conduent Incorporated Announces Exclusive Partnership with Congruity360 to Bring End-to-End eDiscovery Platform to Corporate Legal Teams Conduent Incorporated announced a new agreement with Congruity360 that will bring advanced functionality to Conduent’s Viewpoint™ eDiscovery software platform. With the integration of Congruity’s Hold360 technology into Viewpoint™, corporate legal teams now have a unique, all-in-one solution to streamline the eDiscovery process and smoothly transition from identification and preservation to review and production of legal matters. The latest Conduent Viewpoint eDiscovery release includes new enhancements that enable greater digitization such as one-click data preservation across cloud and enterprise applications, including Google Suite and Office 365. In addition, Conduent’s unique visibility to over 30 billion attorney decisions have informed a range of new, AI-based capabilities to help simplify workflows and streamline legal operations, including: On-the-fly, one-click translation that allows users to translate documents into 40-plus languages within a single workflow. Automated “drag and drop” document uploads to accommodate self-service users with smaller batches of data. Two-factor authentication for an extra layer of security to protect the business as more teams work remotely. Recent Insider Transactions • Feb 24
President recently bought €82k worth of stock On the 22nd of February, Clifford Skelton bought around 21k shares on-market at roughly €3.99 per share. This was the largest purchase by an insider in the last 3 months. Clifford has been a buyer over the last 12 months, purchasing a net total of €175k worth in shares. Reported Earnings • Feb 21
Full year 2020 earnings released: US$0.61 loss per share (vs US$9.29 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$4.16b (down 6.8% from FY 2019). Net loss: US$128.0m (loss narrowed 93% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 21
Revenue beats expectations Revenue exceeded analyst estimates by 0.7%. Over the next year, revenue is expected to shrink by 2.2% compared to a 12% growth forecast for the IT industry in Germany. Announcement • Feb 19
Conduent Selected by smart Europe GmbH as Exclusive Customer Experience Provider for New Product and Service Range Including New Electric Car Conduent Incorporated announced that smart Europe GmbH, a subsidiary of the joint venture between Geely Holding (Geely) and Mercedes-Benz AG (Mercedes-Benz), has selected the company to provide customer experience management (CXM) services to support its new product and service range including its new electric car to be introduced in 2022. Conduent was selected based on performance across three dimensions: technology-enabled solutions, operational capabilities and transition management. Conduent’s fully technology-enabled solution, which ensures that every customer interaction has the optimum mix of digital and human engagement, is perfectly aligned with smart Europe’s strategy to develop a fully digitized sales and customer engagement model. In both operational capabilities and transition management, Conduent demonstrated its ability to quickly assemble resources and develop detailed plans to support smart Europe’s rollout based on a thorough understanding of its business model. The Conduent CXM portfolio includes Customer Contact Services, Multichannel Communications Services and Work-at-Home Solutions. Conduent delivers mission-critical, omni-channel customer experience management services and solutions, both human and digital, throughout the entire customer life cycle. These services ensure personalized, empathetic end-user experiences that reduce costs, enable scale, and grow revenue, while driving insights, speed to resolution and customer satisfaction.