Conduent Inc is a business process services company that specializes in providing technology-driven solutions to streamline operations for various industries, including healthcare, transportation, and public services
The company focuses on delivering a wide array of services such as digital transformation, customer care, claims processing, and analytics, enabling organizations to enhance efficiency and improve customer experiences. Through its innovative platforms and expertise, Conduent aims to help clients navigate complex business challenges and drive better outcomes.
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Conduent makes strategic move with the sale of its Casualty Claims Solutions business to MedRisk for $240 million cash. The transaction underscores Conduent's commitment to streamline its portfolio and focus on core capabilities for growth.
Conduent impresses with Q1 FY24 earnings, surpassing analyst expectations. Despite a slight sales dip of 0.1% Y/Y to $921 million, the company outperformed consensus estimates. Notably, total operating costs and expenses saw a significant 14.6% decline to $794 million.
Conduent sees a surge in stock value following its partnership announcement with Microsoft. Leveraging Microsoft Azure OpenAI Service, Conduent aims to revolutionize healthcare claims management, customer service, and fraud detection, enhancing quality and productivity for global clients.
Conduent reported Q4 FY23 results with revenues of $953 million, adjusted EBITDA of $103 million, and adjusted EPS of $0.03. The company expects adjusted revenue of $3.60 billion-$3.70 billion for FY24.
