Conduent Inc. said its normalized net income for the first quarter amounted to $11.9 million, compared with a loss of $11.9 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to negative 0.7% from negative 0.7% in the year-earlier period.
Total revenue totaled $1.69 billion, compared with $1.68 billion in the prior-year period, and total operating expenses grew from the prior-year period to $1.69 billion from $1.67 billion.
Reported net income totaled a loss of $29.0 million, compared with a loss of $6.0 million in the year-earlier period.