Conduent Incorporated Reports Net Loss of $7 Million in Q2 2023

Conduent Incorporated,(CDNT) a leading business process services company, released its unaudited financial statements for the second quarter of 2023. The report reveals a net loss of $7 million for the three-month period ended June 30, 2023. Additionally, the company's revenue for the same quarter amounted to $915 million. Let's delve into the details of the financial performance of Conduent during this period.

Net Income/Loss

Conduent's net income for the second quarter of 2023 was a loss of $7 million. This is in stark contrast to the same period last year when the company reported no net income loss. The dip in net income is likely to have implications for the company's financial position and future operations.

Revenue