Conduent Incorporated announced that after its first year of operating as a stand-alone enterprise, the digital interactions company has been recognized as a member of the Fortune 500, Fortune Magazine’s ranking of America’s largest companies.
Companies on the list are ranked based on total revenue for the prior year. The company debuted at #466 with $6.02 billion in sales for the fiscal year 2017.
Conduent partners with many of the Fortune 100 companies, as well as governments around the world. From benefits administration, government payments and human resources to tolling, transit fare collection and many other business process services, Conduent manages millions of customer interactions every day while ensuring that each one is personalized, secure, intelligent, seamless and compliant.
“Being named to the Fortune 500 represents another important milestone for our company, but our work is not done,” said Ashok Vemuri, chief executive officer, Conduent. “We continue to execute on strategic actions that build on the momentum of last year and the first quarter of 2018to drive profitable, sustainable and predictable growth.”
Conduent management is focused on a plan that includes realizing greater efficiencies in its operations and refocusing its investments in core businesses that are scalable, profitable and platform-based, as well as have market-leading positions and market growth opportunities.