Conduent Partners with Relativity to Increase eDiscovery Solutions, Powered by Cloud-Based Solution
June 22, 2023
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Conduent Incorporated ($NASDAQ:CNDT) is a leading provider of business process services, technology and automation solutions, offering technology-enabled services, specialized expertise and solutions to clients in a variety of industries. Through its strategic partnership with Relativity, Conduent has further strengthened its eDiscovery capabilities. By leveraging the cloud-based eDiscovery solution of Relativity, Conduent is able to provide customers with a more comprehensive offering. This will allow customers to be able to quickly and effectively manage their eDiscovery needs more efficiently. With the cloud-based solution, customers will be able to access their data from anywhere in the world and have the ability to scale up or down depending on their needs.
Additionally, the cloud-based solution offers enhanced security features that will help protect customer data from potential threats. The collaboration between Conduent and Relativity will benefit customers in multiple ways. Not only will customers have access to a more comprehensive eDiscovery offering, but they will also be able to manage their eDiscovery needs more effectively and securely. By utilizing the cloud-based solution, customers will be able to save time and money while still being able to access their data from anywhere around the world. Through this partnership, Conduent and Relativity have created a powerful solution that will help customers manage their eDiscovery needs more effectively.
Market Price
With this partnership, CONDUENT INCORPORATED aims to expand its suite of digital and analytics solutions to create better, more sophisticated eDiscovery solutions for its clients. The stock opened at $3.4 and closed at the same price, making it a modest 0.3% increase from its last closing price of 3.4. This new partnership is seen as a major step for the company to solidify its already strong foothold in the eDiscovery market. CONDUENT INCORPORATED is confident that the collaboration between its cloud-based infrastructure and Relativity’s advanced software will enhance its existing product offering and help it to reach a wider customer base. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Conduent Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 3.81k | -334 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Conduent Incorporated. More…
| Operations | Investing | Financing |
| 121 | -122 | -40 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Conduent Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.5k | 2.57k | 4.25 |
Key Ratios Snapshot
Some of the financial key ratios for Conduent Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.4% | 207.2% | -6.6% |
| FCF Margin | ROE | ROA |
| -0.1% | -17.1% | -4.5% |
Analysis
At GoodWhale, we conducted an analysis of CONDUENT INCORPORATED‘s wellbeing. After careful examination, we determined that CONDUENT INCORPORATED is a medium risk investment in terms of financial and business aspects. We have also detected two risk warnings in the income sheet and balance sheet. If you would like more information on the risk warnings, please register on goodwhale.com for free and have a look at our detailed reports. Our team is always available to answer any questions about the analysis results that you may have. Thanks for choosing GoodWhale! More…
Peers
Conduent Inc., a leading provider of business process services, competes with Beijing Jingyeda Technology Co Ltd, Ronglian Group Ltd, and Minds + Machines Group Ltd. in the market for business process services. Conduent Inc. has a strong market position and a well-established brand. Its competitors are smaller and less well-known.
– Beijing Jingyeda Technology Co Ltd ($SZSE:003005)
Beijing Jingyeda Technology Co Ltd is a technology company that focuses on providing information technology services. Its market cap as of 2022 was 7.65B, and its ROE was 2.33%. The company has been growing steadily over the past few years, and its products and services are in high demand. Jingyeda Technology is a publicly traded company on the Shenzhen Stock Exchange.
– Ronglian Group Ltd ($SZSE:002642)
Ronglian Group Ltd is a Chinese conglomerate with a market cap of 6.12 billion as of 2022. The company has a return on equity of 2.83%. Ronglian Group Ltd is engaged in a wide range of businesses, including real estate, healthcare, education, and retail. The company has a strong presence in China and is expanding its operations internationally.
– Minds + Machines Group Ltd ($OTCPK:TLVLF)
Minds + Machines Group Ltd is a top-level domain name registry. The company has a market capitalization of 10.63M as of 2022 and a return on equity of 3.18%. The company offers a variety of services including domain name registration, hosting, and email.
Summary
Conduent Incorporated recently announced that is has expanded its eDiscovery capabilities through a strategic partnership with Relativity. This cloud-based solution will enable Conduent to offer a comprehensive suite of services for document and data analysis. The move is seen as a major step forward in the company’s bid to become a leader in providing eDiscovery solutions. The investment should bring long-term benefits to investors, as the company is uniquely positioned to capitalize on a growing market.
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