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Conduent Incorporated Company profile

About Conduent Inc

Conduent Incorporated is a provider of business process services and solutions. The Company operates through three segments: Commercial Industries, Government Services and Transportation. The Commercial Industries segment provides business process services and customized solutions to clients in a variety of industries. The Government Services segment provides government-centric business process services to United States federal, state, and local and foreign governments for public assistance program administration, transaction processing, and payment services. The Transportation segment provides systems, and support, as well as revenue-generating services, to government clients. The Company delivers mission-critical services and solutions on behalf of businesses and governments. Its portfolio includes solutions that serve industries, such as transaction processing, human resource solutions and payment services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Conduent Inc revenues decreased 1% to $4.14B. Net loss applicable to common stockholders decreased 70% to $38M. Revenues reflect Commercial Industries segment decrease of 4% to $2.08B, United States segment decrease of 1% to $3.71B. Lower net loss reflects Government Services segment income increase of 11% to $412M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.61 to -$0.18.