Conduent

CNDT

Market cap $268M

Conduent Incorporated (NASDAQ:CNDT) shares are up during Friday's premarket session, as the company has announced an agreement to sell its Public Transit business to Modaxo for $164 million.

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology‑driven business solutions and services provider, today announced that it has entered into a definitive agreement to sell its Public Transit business, an operating unit of Conduent Transportation, to Modaxo, a global technology organization focused on moving the world's people. The Public Transit business consists of Transit Fare Management and Fleet Management Solutions businesses. The sale has a purc.

TORONTO, May 21, 2026 (GLOBE NEWSWIRE) -- Modaxo Inc. (“Modaxo”), a global technology organization focused on moving the world's people, today announced that it has signed a definitive agreement to acquire the Public Transit Business, consisting of Transit Fare Management and Fleet Management Solutions businesses, from Conduent Incorporated. Completion of the acquisition remains subject to closing conditions.

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology-driven business solutions and services company, today announced the appointment of Adam Demuyakor to its Board of Directors, effective June 1, 2026. Mr. Demuyakor brings experience in technology, strategic investing, and business transformation, with a track record of advising organizations on innovation, enterprise modernization, and growth. Mr. Demuyakor is Founder and Managing Partner of Wilshire L.

Conduent Incorporated (CNDT) Shareholder/Analyst Call Prepared Remarks Transcript

Conduent Incorporated (CNDT) Q1 2026 Earnings Call Transcript

Conduent NASDAQ: CNDT reported improved profitability and cash flow in the first quarter of 2026 while outlining a broader plan to reduce costs, sharpen its commercial focus and use artificial intelligence to support margin expansion.

Conduent (CNDT) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to a loss of $0.13 per share a year ago.

Key Q1 2026 Highlights Revenue: $723M, down 3.7%. Growth in Government and Transportation segments Pre-tax Income (Loss): $(27)M, improved by $29M year-over-year Adj.

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Delivering on the promise of GenAI: Conduent solutions found millions in savings from spend optimization, identification of duplicate or over payments.