Transportation Segment Growth
Transportation segment adjusted revenue was $162 million for the quarter, an increase of 14.9% year-over-year. Both revenue and EBITDA improvements were driven by strong equipment sales in the international transit business.
AI Initiatives and Software Licensing
Conduent has begun licensing software with built-in AI, demonstrating they are not just a services company but have proprietary intellectual property. They have also launched an AI experience center in New Jersey.
New Business Growth
New business TCV was up 5% versus the prior year at $246 million. The Transportation business saw a 320% year-to-date increase in sales compared to 2024.
Improved EBITDA and Margin
Adjusted EBITDA for the quarter was $40 million, a year-over-year increase, with an adjusted EBITDA margin of 5.2%, up from 4.1% in Q3 2024.