Conduent Inc
NASDAQ:CNDT
Conduent Inc
Conduent, Inc. engages in the provision of business process services with expertise in transaction-intensive processing, analytics, and automation. The company is headquartered in Florham Park, New Jersey and currently employs 60,000 full-time employees. The company went IPO on 2016-12-13. The firm operates through three segments: Commercial Industries, Government Services and Transportation. The Commercial Industries segment provides business process services and customized solutions to clients in a variety of industries. The Government Services segment provides government-centric business process services to United States federal, state, and local and foreign governments for public assistance program administration, transaction processing, and payment services. The Transportation segment provides systems, and support, as well as revenue-generating services, to government clients. The firm delivers mission-critical services and solutions on behalf of businesses and governments. Its portfolio includes solutions that serve industries, such as transaction processing, human resource solutions and payment services.
Conduent, Inc. engages in the provision of business process services with expertise in transaction-intensive processing, analytics, and automation. The company is headquartered in Florham Park, New Jersey and currently employs 60,000 full-time employees. The company went IPO on 2016-12-13. The firm operates through three segments: Commercial Industries, Government Services and Transportation. The Commercial Industries segment provides business process services and customized solutions to clients in a variety of industries. The Government Services segment provides government-centric business process services to United States federal, state, and local and foreign governments for public assistance program administration, transaction processing, and payment services. The Transportation segment provides systems, and support, as well as revenue-generating services, to government clients. The firm delivers mission-critical services and solutions on behalf of businesses and governments. Its portfolio includes solutions that serve industries, such as transaction processing, human resource solutions and payment services.
Turnaround Focus: New CEO Harsha Agadi emphasized a clear turnaround plan centered on faster execution, rigorous financial discipline, cost reduction, portfolio rationalization, and organizational simplification.
Revenue Decline: Full-year 2025 adjusted revenue was $3.04 billion, down 4.2% from 2024, with growth in government and transportation segments offset by commercial weakness.
Margin Expansion: Adjusted EBITDA for 2025 rose to $164 million with a margin of 5.4%, up 150 basis points year-over-year; Q4 margin was 6.5%, up 250 basis points YoY.
Strong Sales Activity: New business ACV grew to $517 million for the year, up 6%, and $152 million in Q4, up 11%; pipeline remains robust at $3.2 billion.
Cost & Portfolio Actions: Management is accelerating cost-cutting and portfolio rationalization, with proceeds prioritized for debt reduction.
Cash Flow Challenges: Adjusted free cash flow was negative $130 million for the year, though Q4 was positive $28 million; management is focused on turning this positive in the future.
2026 Outlook: No formal guidance yet, but management expects margin improvement and is optimistic about government and transportation segments; further details to come at the next earnings call.
