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The latest announcement is out from Conduent ( (CNDT) ).
On February 12, 2025, Conduent announced its financial results for the fourth quarter and full year 2024. The company reported a revenue of $800 million for Q4 and $3.356 billion for the full year, with notable improvements in adjusted revenue and EBITDA over the last three quarters. Despite a slightly weaker top line due to timing issues, Conduent achieved a high-end EBITDA margin and reported significant gains from divestitures, including a 50% debt reduction compared to 2023. Key strategic moves included divesting several business units and leveraging proceeds to strengthen its financial position. The company also completed a $75 million share repurchase program, indicating confidence in its growth trajectory. Conduent’s industry recognition and leadership were bolstered by multiple accolades, reflecting its commitment to innovation and operational excellence.
More about Conduent
Conduent Incorporated is a global technology-led business process solutions and services company. The company focuses on providing solutions in various domains including transportation, healthcare, and government sectors, leveraging advanced technology such as AI-driven solutions and digital payment systems.
YTD Price Performance: 9.20%
Average Trading Volume: 1,040,487
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $690.7M
Learn more about CNDT stock on TipRanks’ Stock Analysis page.