Strong Start to Fiscal Year 2025
Conduent reported adjusted revenue of $751 million and adjusted EBITDA of $37 million with an EBITDA margin of 4.9% for Q1 2025. New business signings improved year-on-year, and the company expects a strong Q2 in sales.
Significant New Business Growth
New business ACV increased by 14% year-over-year to $109 million, and new business TCV surged 96% year-over-year to $280 million, driven by an eight-year deal in the international transit business.
Progress in Portfolio Rationalization
Completed three divestitures in 2024, generating nearly $800 million of net proceeds, and reduced debt by $639 million. Targeting additional $350 million in proceeds from further asset divestitures in 2025.
AI and Technology Investments
Strong progress in leveraging AI for fraud prevention and operational efficiency, with partnerships such as the one with Microsoft leading to significant fraud detection improvements.