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.
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Conduent Incorporated (Nasdaq: CNDT) has announced the sale of its Casualty Claims Solutions business to MedRisk for $240 million in cash. This includes workers' compensation and auto casualty bill review solutions and services, along with the processing of medical bills and clinical services. The transaction is expected to close in the third quarter of 2024, with current employees joining MedRisk.
Conduent reported its first quarter 2024 financial results with revenue of $921 million and pre-tax income of $127 million. The company highlighted progress in its portfolio performance, new business signings, and various segments. Despite exceeding revenue expectations, sales performance lagged due to timing issues. Conduent announced the closure of the sale of its Curbside Management and Public Safety businesses and expects to finalize the BenefitWallet transaction in May. The company is focused on portfolio rationalization to drive future growth. With strong client partnerships and a dedicated workforce, Conduent anticipates continued progress on its growth turnaround journey.
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.
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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