Conduent Inc (NASDAQ:CNDT) reported mixed Q4 FY23 results with a 3.3% Y/Y revenue decline to $953 million, surpassing analyst expectations. The company saw a 6% Q/Q and 10% Y/Y increase in its new business TCV pipeline, primarily in the Government and Transportation Segment. Adjusted EBITDA rose 8.4% Y/Y to $103 million, and adjusted EPS was $0.03, missing estimates by $0.01. Conduent repurchased 6.6 million shares and ended the quarter with $498 million in cash. It also announced the sale of its Curbside Management and Public Safety Solutions businesses for $230 million, expected to close in 1H 2024. For FY24, Conduent forecasts adjusted revenue of $3.60 billion-$3.70 billion. Shares rose 2.5% to $3.4850.