Conduent Incorporated (NASDAQ:CNDT) Q1 2024 Earnings Call Transcript

Clifford Skelton: Thank you, Donna. Listen, I’ll leave you all with a couple of thoughts just to reiterate what Steve and I both said during our remarks. We outlined our plan a year ago and we’re on it, as it was described a year ago. That said, we have to execute. And we have been executing. We need to continue to execute over the course of the next two years, especially the remainder of 2024 and into 2025. We have to continue to divest these non- RemainCo assets. It’s very important that we continue to execute on our plan and not drag our feet there. And we won’t. But we’re going to do it the right way for the right valuation. We’ve got to sell. We’ve got to sell more. We’ve got to partner more. And we’ve got to grow. And that’s the course we’re on.

We’re bringing in talent to help us do that. And so you’re going to — you’ve got more to come there when we get to Q2. As Steve mentioned, we’ve got stranded costs to take out. The one thing we know how to do here at Conduent is manage expenses and take costs out. And we’re on that. And then finally, and probably most importantly, we’ve got to meet client demand and we’ve got to retain clients. And that’s getting better. But it’s ultimately the most important thing we do is take care of our clients. So all that’s very simple to say. It’s motherhood and apple pie in many ways. But it’s not always that easy to do. We’re getting there. And I appreciate everybody paying attention to our company. And thank you all for joining today.

Operator: Ladies and gentlemen, this concludes today’s event. You may disconnect your lines or log off the webcast at this time and enjoy the rest of your day.