Conduent (CNDT) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 46.15%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.09, delivering a surprise of 40%. Over the last four quarters, the company has surpassed con ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q _______________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37817 CONDUENT INCORPORATED _________________________________________________ ...

EXHIBIT 99.1 News from Conduent Conduent Incorporated 100 Campus Drive, Suite 200 Florham Park, NJ 07932 www.conduent.com | --- | |--------------------------------------------------------------------| | | | Conduent Reports Second Quarter 2024 Financial Results | | Key Q2 2024 Highlights | | • Revenue: $828M | | • Adj. Revenue : $811M (1) | | • Pre-tax Income: $300M | | (1) • Adj. EBITDA Margin : 3.6% | | (2) • New Business Signings ACV : $142M | | (2) • Net ARR Activity Metric (TTM): $(49)M | FLORHAM PARK, ...

Key Q2 2024 Highlights Revenue: $828M Adj. Revenue(1): $811M Pre-tax Income: $300M Adj. EBITDA Margin(1): 3.6% New Business Signings ACV(2): $142M Net ARR Activity Metric(2) (TTM): $(49)M FLORHAM PARK, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Conduent (NASDAQ: CNDT), a global technology-led business process solutions and services company, today announced its second quarter 2024 financial results. Cliff Skelton, Conduent President and Chief Executive Officer stated, "We are pleased to report that our Adjusted ...

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About HealthEquity HealthEquity and its subsidiaries administer HSAs and various other consumer-directed benefits for over 16 million accounts, working in close partnership with employers, benefits advisors, and health and retirement plan providers who share our unwavering commitment to our mission to save and improve lives by empowering healthcare consumers. Through cutting-edge solutions, innovation, and a relentless focus on improving health outcomes, we empower individuals to take control of their healt ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q _______________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Florham Park, New Jersey 07932 (Address of principal executive offices) (Zip Code) CONDUENT INCORPORATED (Exact Name of Registrant as specified in its charter) New York 81-2983623 For the quarterly period ended: March 31, 2024 (State or other jurisdiction of incorporation or or ...

Conduent, Inc. (NASDAQ:CNDT) Q1 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Giles Goodburn - VP, Corporate FP&A and IR Stephen Wood - EVP, CFO & Principal Accounting Officer Clifford Skelton - President, CEO & Director Conference Call Participants Patrick McCann - Noble Capital Markets Marc Riddick - Sidoti & Company Operator Greetings, and welcome to the Conduent Q1 2024 Earnings Announcement. [Operator Instructions]. As a reminder, this conference is being recorded. It is now ...

Revenue Performance - Revenue for Q1 2024 was $921 million, a slight decrease of 0.1% from $922 million in Q1 2023[2] - Revenue for the three months ended March 31, 2024, was $921 million, slightly down from $922 million in the same period in 2023[43] - Revenue at Constant Currency for the three months ended March 31, 2024, was $919 million, compared to $925 million for the same period in 2023[43] - Revenue for Q1 2024 was $921 million, compared to $3,722 million for FY 2023[77] Income and Earnings - Net income for Q1 2024 was $99 million, compared to a net loss of $6 million in Q1 2023, indicating a significant turnaround[2] - Basic and diluted net income per share for Q1 2024 was $0.46, compared to a loss of $0.04 per share in Q1 2023[2] - Net Income for the three months ended March 31, 2024, was $99 million, compared to a loss of $6 million for the same period in 2023[43] - Adjusted diluted EPS from continuing operations was $0.46, a significant improvement from $(0.04) in the previous year[49] - GAAP net income for Q1 2024 was $99 million, a significant improvement from a loss of $6 million in Q1 2023[82] Operating Costs and Expenses - Total operating costs and expenses decreased to $794 million in Q1 2024 from $930 million in Q1 2023, representing a reduction of approximately 14.6%[2] - Adjusted Operating Income for the three months ended March 31, 2024, was $7 million, compared to $30 million for the same period in 2023[40] - Adjusted EBITDA for the three months ended March 31, 2024, was $69 million, down from $90 million in the same period in 2023[40] - Adjusted EBITDA for Q1 2024 was $69 million, down 23.3% from $90 million in Q1 2023, with an adjusted EBITDA margin of 7.5%[82][85] Cash Flow and Liquidity - Cash and cash equivalents decreased to $415 million as of March 31, 2024, down from $498 million at the end of 2023[8] - The company reported a net cash used in operating activities of $37 million for Q1 2024, compared to $12 million used in Q1 2023[11] - Cash flow from operating activities was $(37) million, a decline of 208% compared to $(12) million in Q1 2023[82] - Cash flows from investing activities showed a net inflow of $143 million in Q1 2024, compared to a net outflow of $22 million in Q1 2023[11] - Conduent's total liquidity position remains strong at nearly $1.0 billion, with long-dated debt maturities[86] Debt and Equity - Long-term debt reduced to $1,083 million as of March 31, 2024, down from $1,248 million at the end of 2023, reflecting a decrease of approximately 13.2%[8] - The company’s total equity increased to $705 million as of March 31, 2024, up from $633 million at the end of 2023[8] - The company prepaid $259 million of principal on its Term Loan B following the BenefitWallet portfolio transfer[84] Future Outlook - FY 2024 revenue outlook is projected between $3,600 million and $3,700 million[68] - Adjusted EBITDA margin for FY 2024 is expected to be between 8% and 9%[68] - Adjusted free cash flow as a percentage of adjusted EBITDA is projected to improve to 5% - 10% for FY 2024[68] - 2024 is expected to be the trough in the company's growth turnaround, with continued progress anticipated along its 3-year journey[78] Business Developments - New business signings annual contract value (ACV) reached $99 million in Q1 2024[77] - Net annual recurring revenue (ARR) activity metric for the trailing twelve months (TTM) was $17 million[77] - The company completed the first tranche of the BenefitWallet portfolio transfer, receiving $164 million, and expects to finalize the third tranche by the end of Q2 2024[83][84] - The company partnered with Microsoft and Oracle to enhance innovation and streamline transaction processing[90] - Conduent repurchased approximately 4.8 million shares of common stock during Q1 2024[89]

Business solutions and services company Conduent launched an artificial intelligence-focused agreement with Microsoft.The partnership, announced in a Monday (April 29) press release, will begin by exploring generative AI use for healthcare claims management, customer service and fraud detection.“Generative AI has the power to transform how businesses and organizations operate — serving as a force-multiplier to improve efficiencies and enhance customer experiences across a range of industries,” Svetlana Rezn ...