Business Services Provider Conduent’s Mixed Bag Q4, Hit By Headwinds In Its Commercial Sales Efforts

Business Services Provider Conduent’s Mixed Bag Q4, Hit By Headwinds In Its Commercial Sales Efforts

Conduent Inc (NASDAQ:CNDT) shares are trading higher after it reported fourth-quarter FY23 results. Revenues declined 3.3% Y/Y to $953 million, beating the analyst consensus of $930 million.  The new business TCV pipeline rose 6% Q/Q and 10% Y/Y, led by several sizeable early-stage opportunities in the Government and Transportation Segment. Adjusted EBITDA rose 8.4% Y/Y to $103…

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Tesla warns of ‘notably lower’ sales growth in 2024

Tesla warns of ‘notably lower’ sales growth in 2024

By Natalie ShermanBusiness reporter, New York Getty Images Tesla is forecasting a sharp sales slowdown this year, becoming the latest car company to warn of sagging demand. Elon Musk’s electric vehicle (EV) maker said growth would be “notably lower” than in 2023, when deliveries rose 38%. The company’s shares fell by almost 6% in extended…

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