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home / articles / CNDT - Why Business Services Provider Conduent's Shares Are Plummeting Today | Benzinga

CNDT - Why Business Services Provider Conduent's Shares Are Plummeting Today | Benzinga

Conduent Incorporated

Conduent Inc (NASDAQ: CNDT) shares are diving today after it reported Q3 FY23 results.

Revenues declined 4.6% Y/Y to $932 million, beating the analyst consensus of $915 million. 

The new business TCV pipeline rose 13% Q/Q, led by several sizeable early-stage opportunities in the Government Segment.

Adjusted EBITDA fell 12.4% Y/Y to $92 million, with margin contracting 80 bps Y/Y to 9.9%.

Adjusted EPS loss of $(0.09) Full story available on Benzinga.com
Stock Information
Company Name: Conduent Incorporated
Stock Symbol: CNDT
Market: NASDAQ
Website: conduent.com
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