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Conduent profit holds steady YOY in Q1

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.