Conduent Settles Claims Over Data Breach That Affected 44M

Conduent Business Services LLC has agreed to settle claims in a class action lawsuit alleging it failed to protect the data of 44.4 million people. The breach, detected in January 2025, was not disclosed until October 2025. The settlement terms were not disclosed, and Conduent denies any wrongdoing. The case involved Health Care Service Corp. and The Cigna Group, who contracted Conduent for services.

Conduent Inc. (NASDAQ: CNDT) shares rose 3.1% after announcing the integration of Google's Gemini AI models into its legal eDiscovery platform. The company aims to enhance legal compliance and analytics tools, reducing document review efforts by 30-60%. The AI-powered tools will expand into contract analytics and investigations. Conduent offers deployment options including Google Cloud and on-premises solutions.

Conduent (CNDT) reported Q2 2026 revenue of $531 million, down 11.9%, and adjusted EBITDA of $16 million, down 30.4%, citing contract losses and volume declines. Qualified pipeline was $3 billion, and it guided full-year revenue to $2.15–$2.25 billion and adjusted EBITDA to $140–$170 million. The company expects $234 million from divesting transit and tolling businesses.

Conduent (CNDT) reported Q2 results and 2026 guidance excluding discontinued transportation operations. Transportation revenue was $609M in 2025 with $18M EBITDA. The quarter ended with about $240M cash and negative adjusted free cash flow of $8M. Commercial revenue fell 13% to $316M; government revenue was $215M. 2026 revenue guidance is $2.15B-$2.25B and adjusted EBITDA $140M-$170M.

CONDUENT Inc (CNDT) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 News from Conduent Conduent Reports Second Quarter 2026 Results and Advances Transformation Priorities Key Q2 2026 Highlights • Signed divestitures expected to generate $234M in gross proceeds • Revenue: $531M from Continuing Operations • Pre-tax Income (Loss) from C

Conduent (Nasdaq: CNDT) said Virginia’s DMAS awarded it a contract, up to 14 years, to continue operating and modernize Virginia Medicaid delivery systems. Using its Conduent Medicaid Suite, Conduent will support claims processing, finance, call centers, reporting, and related services for about 1.6 million enrollees.