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Conduent Inc (CNDT.N)

CNDT.N on New York Stock Exchange

16.60USD
19 Jan 2018
Change (% chg)

$-0.26 (-1.54%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Conduent Says Co Entered Into Definitive Settlement Agreement With State Of New York Regarding Resolution Of HE Platform Project​
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Conduent Inc ::CONDUENT- ‍ON NOV. 28, CO ENTERED INTO DEFINITIVE SETTLEMENT AGREEMENT WITH STATE OF NEW YORK REGARDING RESOLUTION OF HE PLATFORM PROJECT​.CONDUENT SAYS UNDER TERMS OF SETTLEMENT COMPANY'S CONTRACT WITH STATE OF NEW YORK WILL TERMINATE EFFECTIVE DECEMBER 15, 2017 - SEC FILING.CONDUENT INC - ALSO UNDER TERMS OF SETTLEMENT COMPANY WILL PAY, OR INCUR COSTS ON BEHALF OF, STATE OF NEW YORK IN AMOUNT OF APPROXIMATELY $20.2 MILLION.  Full Article

Conduent reports Q3 ‍adjusted EPS $0.22​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Conduent Inc :Conduent Inc qtrly ‍adjusted EPS $0.22​.Conduent Inc qtrly ‍GAAP loss per share $0.09​.Q3 earnings per share view $0.20 -- Thomson Reuters I/B/E/S.Conduent Inc - ‍Q3 2017 revenues were $1,480 million, down 7% compared to Q3 2016​.Q3 earnings per share view $0.20, revenue view $1.51 billion -- Thomson Reuters I/B/E/S.Conduent Inc sees ‍ FY 2017 free cash flow 20 percent - 30 percent of adjusted EBITDA​.Conduent Inc - ‍ Targeting an additional $250 million to $500 million of revenue for potential divestiture in near term​.Conduent Inc sees ‍ FY 2017 revenue on a constant currency basis down 4.5 percent - 6.5 percent​.Conduent Inc - ‍ Now expecting restructuring costs of $90 million - $95 million for full year 2017​.Conduent Inc - ‍Headcount of approximately 90,000 as of September 30, 2017 compared with approximately 96,000 as of December 31, 2016.  Full Article

Conduent - Co terminated legacy deferred compensation plans
Wednesday, 4 Oct 2017 

Oct 4 (Reuters) - Conduent Inc :Conduent - ‍on September 29, co terminated legacy deferred compensation plans and company owned life insurance which held plans' investment​.Conduent Inc - will record approximately $19 million in tax expense on transaction​.Conduent says will make payments to plan participants of approximately $15 million in 2017 and approximately $101 million in 2018​ - SEC filing.Conduent- because plans were overfunded, about $25 million in cash on co's balance sheet that was unavailable for use to become available by end of 2018.Conduent Inc - ‍tax expense to have an approximately 9 cent impact on GAAP earnings per share, for company's Q3 and full year results​.  Full Article

UPDATE 1-Xerox 'desperately' needs new leadership, Icahn says

Dec 12 Activist investor Carl Icahn said on Tuesday Xerox Corp "desperately" needed new leadership, arguing that the printer manufacturer was slow to launch new products and grow revenue.