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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 7.030+2.5%Oct 31 9:30 AM EST
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From: E_K_S2/14/2024 8:26:43 AM
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RE: Conduent Inc(CNDT) - Earnings

Conduent Reports Fourth Quarter and Full Year 2023 Financial Results

Key Q4 and Full Year 2023 Highlights

  • Revenue and Adj. Revenue(1): Q4 $953M / FY $3,722M
  • Pre-tax Income (Loss): Q4 $(4)M / FY $(332)M
  • Adj. EBITDA Margin(1): Q4 10.8% / FY 10.2%
  • New business signings ACV(2): Q4 $152M / FY $639M
  • Net ARR Activity Metric(2) (TTM): $62M


New business TCV pipeline remains strong, growing 6% quarter-over-quarter and 10% year-over-year, driven by a number of sizeable early-stage opportunities in our Government and Transportation Segments.

Conduent achieved several milestones in our technology-led solutions, operational excellence and culture, including:

  • Awarded Transit contract with Victoria, Australia, the largest Total Contract Value in company history, and selected by Virgin Atlantic for customer experience management;
  • Announced strong wins in Government Healthcare, including contract wins in New Mexico and Delaware, and a system implementation in Mississippi;
  • Became the first BPS provider to offer the U.S. Federal Reserve's FedNowSM Service for instant payments and launched Rapid Assistance Solution to help agencies expedite disbursement of emergency relief funds;
  • Introduced FastCap® Finance Analytics that frees up cash for operations, improves financial security and supports growth; and
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