Conduent Unveils ASCEND Plan: AI Push, Divestitures and 10% Margin Target
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Interested in Conduent Inc.? Here are five stocks we like better. Conduent plans to divest its transportation businesses for $234 million in gross proceeds, using most of the cash to reduce debt while lowering capital intensity and off-balance-sheet exposure. The ASCEND plan targets at least $120 million in cost reductions and adjusted EBITDA margin growth from 6.5%-7.6% in 2026 to approximately 10% by 2028, alongside a return to low- to mid-single-digit revenue growth. Conduent is making AI central to its commercial and government-services strategy, targeting major productivity gains by 2028 while expanding healthcare, financial, enterprise and Medicaid offerings. Hidden Gems: 3 Value Stocks to Watch for Strong 2025 Returns Conduent (NASDAQ:CNDT) outlined its ASCEND 2026-2028 strategy at its investor day, presenting a plan centered on divesting its transportation businesses, reducing costs, strengthening its commercial and government operations, and expanding the use of artificial intelligence. Chief Executive Officer Harsha V. Agadi said the company is positioning itself as an "AI-led, technology-enabled" business-process-services partner for government and commercial clients. He said the company's strategy has three stages: reset and stabilize, simplify operations, and execute the ASCEND plan. → CarMax Just Gave Investors a Better Reason to Believe in the Turnaround...
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Conduent also announced a multiyear renewal in Virginia supporting approximately 1.6 million Medicaid enrollees.
