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 (CNDT) completed the sale of its Public Transit Business to Modaxo at a base purchase price of $164 million. The price is subject to customary adjustments. The business includes Transit Fare Management and Fleet Management Solutions, with operations across North America, Europe, Australia, the Middle East and Latin America.
Conduent also has agreed to sell its Tolling business to Quarterhill, with closing expected before the end of 2026. Upon completion, Conduent will have exited its Transportation segment and will operate across its Commercial and Government segments. The company describes the divestitures as part of its strategy to simplify its portfolio and focus on its core businesses.
Conduent (CNDT) outlined its ASCEND 2026-28 strategy at Investor Day, setting out a three-year path toward growth and profitable performance. The framework aims to standardize operations and infrastructure, specialize in core solutions and scale sales efforts around priority industries.
The company plans to concentrate on its Government and Commercial businesses, particularly healthcare and financial operations. Its approach includes greater use of shared services, AI, automation and analytics, alongside stronger performance management. Conduent also plans to align sales resources with priority opportunities, expand existing client relationships and pursue targeted new customers. The foundational reset remains underway.
Conduent (CNDT) will host an Investor Day in New York City on September 30, 2026, with a public webcast.
The event runs from 8:25 a.m. to 12:30 p.m. ET at The Pierre Hotel. Chief Executive Officer Harsha V. Agadi and other executives will discuss long-term strategy, portfolio priorities and growth opportunities, followed by a question-and-answer session.
Conduent (CNDT) appointed Narayanan Sundaresan as Chief Information and Technology Officer, effective September 14, 2026.
Sundaresan will lead Conduent’s global technology organization and strategy, with a focus on accelerating AI-powered capabilities across the enterprise and strengthening the secure, reliable and scalable technology foundation supporting clients and operations. He brings more than 28 years of experience in enterprise technology, digital transformation, AI-driven business transformation and cybersecurity.
His prior roles include Global CIO and Senior Vice President, Digital Products & Technology at Strategic Education and technology leadership positions at Capella Education Company.
Conduent (Nasdaq: CNDT) has been named a Leader in NelsonHall’s 2026 NEAT assessment for HR Transformation Services in the Experience & Engagement segment, marking its 10th consecutive Leader ranking. NelsonHall cites Conduent’s combination of deep HR operations expertise with AI, automation, workflow orchestration and knowledge management to improve employee experiences and business outcomes.
The company’s GenAI virtual assistant Conni achieved 86% self-service resolution of employee questions during the 2026 benefits enrollment period, with a 21% reduction in live-chat demand and 24% lower handle time. One large client recorded more than 550 daily Conni interactions and over 4,500 additional daily employee logins to Life@Work Connect.
Conduent (Nasdaq: CNDT) announced an expanded enterprise AI strategy through a collaboration with Google Cloud, integrating Google’s Gemini models into its Viewpoint platform for eDiscovery and legal workflows. The core GenAI feature, Enhanced Review, applies user-defined protocols to identify relevant content, detect legal issues and surface high-risk documents with transparent reasoning.
According to Conduent, Enhanced Review can cut document‑intensive analysis effort by 30–60%, while Viewpoint Apps and the CyberMine and Viewpoint Data Breach Analyzer integration extend AI across eDiscovery and data breach response. Clients can deploy Viewpoint as SaaS on Google Cloud, on‑premises or via managed services.
Conduent (Nasdaq: CNDT) reported Q2 2026 revenue from continuing operations of $531M, down 11.9% year over year. GAAP net loss was $116M and loss before income taxes from continuing operations was $57M. Adjusted EBITDA from continuing operations was $16M with a 3.0% margin, both below Q2 2025 levels, mainly reflecting lower Government segment profitability and higher restructuring costs tied to the company’s transformation plan.
Operating cash flow improved to $7M from $(15)M a year earlier, and adjusted free cash flow improved to $(8)M from $(30)M. Conduent signed agreements to sell its Public Transit business to Modaxo for $164M and its Tolling business to Quarterhill for $70M plus a 7% equity interest, for expected gross proceeds of about $234M, with most proceeds intended for debt reduction. New business signings ACV from continuing operations reached $99M. The company reaffirmed an FY 2026 outlook for revenue of $2.15B–$2.25B and adjusted EBITDA from continuing operations of $140M–$170M.
Conduent (Nasdaq: CNDT) has been awarded a contract by the Virginia Department of Medical Assistance Services to continue operating and modernize the Commonwealth’s systems that support Virginia Medicaid. The agreement can run up to 14 years, extending a relationship that began in 2001.
Conduent will implement its modular Conduent Medicaid Suite (CMdS) for enterprise systems and fiscal agent services, covering claims processing, finance, call center services and reporting. According to Conduent, the integrated solution and its AI‑enabled CXNow platform are expected to improve access to information, reduce fraud risks, enhance user experience and support better outcomes for about 1.6 million Medicaid members. The contract also includes continued mail services, with Conduent highlighting its broader government solutions that processed over 454 million Medicaid claims and approximately $80 billion in benefit payments in 2025.
Conduent (Nasdaq: CNDT) has appointed Anna Novoseletsky as Executive Vice President, General Counsel and Secretary, joining the company’s executive leadership team.
Novoseletsky will lead Conduent’s global legal, compliance, risk and HR functions. She previously served as Chief Legal Officer, Chief Compliance Officer and Corporate Secretary at Cantaloupe, and held senior legal roles at Discover Financial Services, overseeing its global payments business in more than 20 countries. Earlier in her career, she practiced M&A, securitization and capital markets law at Latham & Watkins. She holds law degrees from Northwestern Pritzker School of Law and the National Law Academy of Ukraine and is admitted to practice in Illinois. Conduent reports approximately 48,000 associates worldwide and supports high‑volume client operations including about $80 billion in annual government payments and around 2.0 billion customer service interactions.
Conduent (Nasdaq: CNDT) announced it was selected as the winner of UnitedHealthcare and Optum’s 17th Annual Global Innovation Challenge for its personalized Agentic AI navigator, the next iteration of its GenAI virtual assistant Conni. The solution transforms complex, static healthcare information into personalized, two-way conversations in any language.
According to Conduent, the navigator explains confusing items like EOBs and prior authorizations in plain language, answers questions in real time, and guides members and providers through next steps. Conduent supports nine of the nation’s top 10 healthcare providers and handles about $80 billion in government payments, 2.0 billion customer interactions annually, and over 14 million daily tolling transactions.