Conduent(CNDT) - 2023 Q1 - Quarterly Report

In the first quarter of 2023, the Company identified an error and recorded an out-of-period adjustment to correct the recognition of revenue on a Government segment contract that originated in 2020 and impacted all quarterly periods through December 31, 2022. This adjustment resulted in a reduction to revenue and income (loss) before income taxes of 7 million. SG&A for the three months ended March 31, 2023 increased, compared to the prior year period, driven by the absence of the recovery of 14 million of ...