Company: CNDT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001677703-25-000152
Chunk: 96

Company: CONDUENT Inc
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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 the latest technology solutions to reduce costs, improve security, performance and accuracy, and enable revenue growth, while enhancing the end-user experience. The Company's portfolio of BPaaS solutions spans payment integrity, finance, accounting, and procurement, human capital, legal and compliance, and bank and lending.

CNDT Q3 2025 Form 10-Q9

Integrated Digital Solutions: The Company drives efficiencies for clients with more digitized processes across the customer and document lifecycle through automation, data analytics and AI-powered solutions. This helps to shorten time to decisions on items like claims and applications while lowering costs, reducing manual effort, improving data accuracy, providing omnichannel communications and enhancing the overall customer experience. The Company's solutions span: document and claims processing; health plan administration; scanning and digitization of mailrooms, data and documents; omnichannel digital and physical communications, including print and mail and solutions focused specifically in the pharmaceutical and banking industries.The following table provides information about disaggregated revenue by major service offering and reportable segment and the timing of revenue recognition. Refer to Note 4 – Segment Reporting for additional information on the Company's reportable segments and Note 5 – Divestitures for additional information on the Company's divestitures. Three Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024Commercial:Customer Experience Management$122 $125 $388 $404 BPaaS117 125 349 377 Integrated Digital Solutions128 135 397 411 Total Commercial367 385 1,134 1,192 Government:Government Healthcare Solutions132 137 395 427 Government Services Solutions106 118 297 331 Total Government238 255 692 758 Transportation:Road Usage Charging & Management Solutions60 58 184 185 Transit Solutions102 83 262 240 Commercial Vehicles— — — 1 Total Transportation162 141 446 426 Divestitures— 26 — 180 Total Consolidated Revenue$767 $807 $2,272 $2,556 Timing of Revenue Recognition:Point in time$31 $24 $78 $80 Over time736 783 2,194 2,476 Total Revenue$767 $807 $2,272 $2,556 Contract BalancesThe Company receives payments from customers based upon contractual billing schedules. Accounts receivable are recorded when the