Business
Conduent Reports Significantly Improved First Quarter 2026 Financial Results
Key Q1 2026 Highlights Revenue: $723M, down 3.7%. Growth in Government and Transportation segmentsPre-tax Income (Loss): $(27)M, improved by $29M year-over-yearAdj. EBITDA(1): $49M, improved by $12M year-over-yearAdj. EBITDA Margin(1): 6.8%, improved by 190 bps year-over-yearCash flow from operating activities: $(8)M, improved by $50M year-over-yearNew Business Signings ACV(2): $114M, improved by $5M year-over-year FLORHAM PARK, N.J., May 11, 2026 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasda
About this update from Conduent Incorporated
Key Q1 2026 Highlights FLORHAM PARK, N.J., May 11, 2026 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a global technology driven business process solutions and services company, today announced its first quarter 2026 financial results. Harsha V. Agadi, Chief Executive Officer, stated, “Q1 2026 marked the start of a rapid and sustainable transformation at Conduent. In the quarter we started to develop a comprehensive cost reduction and technology optimization strategy. In addition, we enhanced our go-to-market approach, all while driving an improvement in our operating model, achieving EBITDA margins of 6.8% for the quarter, and generated a significant year‑over‑year improvement in adjusted free cash flow. Looking ahead to 2027, we see a clear path to positive adjusted free cash flow and continued improvement in adjusted EBITDA.” “We also took decisive steps to strengthen execution. In April, I streamlined leadership of our Commercial organization to sharpen accountability and accelerate decision‑making, aligning client relationships and sales execution under a simplified reporting structure that reports directly to me.” “Portfolio optimization remains a critical pillar of our turnaround. I am extremely confident we will be able to reduce complexity, improve operating performance and continue to strengthen our balance sheet as we use proceeds to reduce debt.” Agadi continued, “Our priorities are clear: accelerating execution, enforcing financial discipline, reducing our cost structure, optimizing the portfolio, converting pipeline into growth, and simplifying the organization. In Q1, we made meaningful, sustainable progress across each of these priorities, and we are building momentum as we move forward.” Key Financial Q1 2026 Results Performance CommentaryAt the end of the first quarter of 2026, Conduent maintained a cash balance of $228 million along with $190 million of unused capacity under its credit facility. Q1 2026 pre-tax income (loss) was $(27) million versus $(56) million in the prior year period. This improvement was primarily caused by the absence of the discrete event-related costs from the prior year. Q1 2026 Adjusted EBITDA of $49 million and Adjusted EBITDA margin of 6.8% increased, respectively, versus the prior year. Revenue benefited from continued strength in Government and Transportation, with Government up approximately $...
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