and full XXXX yearend Good performance outline thank outlook financial demonstrate and and earnings our XXXX year everyone, and that morning, select for quarter client offering, joining operational digital I our XXXX core robustness fourth XXXX. lastly, will call. QX highlights, the and of wins and you cover for Brian interactions our our
set Conduent's focus the the then program X. take ratio cash healthier net with on tenured our quarter not was care like robust sale cost approximately overachieving take or of of offering. core you improve on no position the XXXX, $XX that total, million. the will of year of to lower XXXX $X long-term the portfolio with end digital quickly overview set January helping My We exemplary have program questions. we select full remarks we health. and management current divestiture on contract an and successfully key non-core, in relationships our standalone milestones noteworthy a scalable We will of my your revenue stronger million transformation recap. very of significantly through We financial a the X-year growth. and will specifics savings worldwide with with balance X.X an closure a targeted clients, company its had growth customer of clean We We differentiated concluded XXXX Brian unprofitable, key for did XXXX. marquee the job I a start highlights positioned now technology Slide underpinning either would Conduent to I'll teammates In billion divested mid-XXXX, of second that business several as in approximately began leverage was accomplished meaningfully $XXX an sheet, pivots journey. then this. our the concluded team turns. by in This a in company year ended in year was more I of important it. and for at and standalone that a Conduent of
We have across and/or rapidly assets technology some technology consolidated areas. solution into XX platforms, Many while are have been being XX of them our modernized business modernized, upgraded.
diverse to the win for our covering across government industry of sector. recognition capabilities transportation end-markets We breadth depth and and commercial, continue
process, and across investing expertise our to is This to go-to-market We platform our approach new offering. and digital are bring leveraging scalable traction interactions a provide immediate that to individualized, technology intelligent. are our ability paradigm we strategy, that digital through the is domain critical secure, in interactions reflecting gaining pivoting mission technology. our lot our transactions and of and This clients appreciate bear,
as of much are this discussed, priority upgrade enhancement and XXXX. technology applications, in we pricing benefits has technology delivery, of and top previously total Though a client XXXX investing unabated accomplished comprehensive As of million both $XXX by well in improved better continues and anticipate approximately we client a progress facing and the been seeing platforms infrastructure. and for as remains signing, assets,
and terms on key XXXX. IT consolidation will remain our modernization, center infrastructure, progress of simplification were data focus points in us in so for Specifically, and XXXX in
standardized organization, to run Across years laid optimized processes a the body critical digital necessary a our we pivot to rationalized, platforms. including best-in-class for assets, resources executed build to of dedicate strong X work in leading-edge This mere continue client has our We our and and have growth. workforce, our applications. technology foundation a infrastructure the to
to pivot Now, let me discuss our growth.
of flat for and full were higher stable. showing Adjusted year actions several is divestitures our offerings and Our margin growth. core with the large for the strategic normalized revenue business
the flow past XX improved months. Our over free has cash dramatically
Actions cash the year. our versus we farmers, past past realignment XXXX We has on our the have sales over and of a model, new quality in $XX of gone from and years. a go-to-market, than At were the each cash of $XXX quantity changing took billion, both pipeline. of pipeline for more had hunters the traction building is in and This stable others. flow of among talent, user digital free verticalization to X million solutions in hiring remained healthy the positive compensation our mix of our the effect has generating
Our continue in fourth Progress our platforms on We pipeline investments encouraging. differentiated our discipline, as and capability. sales-force well capability, in as signings centered benefits make sales deal new increased pricing, the of reflecting sales investments prudent year-over-year as reflects basis. technology also front terms, deal Increasingly, business renewals. leveraging better wins we growth business in well as contract solutions new margins digital and and supporting a is X% on achieved our the of digital end-to-end journey, on are our quarter client's to in and
strategic technology, business with that the of both To commercial an closed We Health inorganic new are terms M&A. our acquisition end, of Solutions Plus, exciting government which both amplifying in on fruit growth we opportunity bearing market-leading is organic and already segments. across healthcare
experience. have cognitive in base diverse our that including partners the innovation a cloud to technology blockchain, areas We ecosystem companies, automation, differentiation, analytics, and solutions will particularly and co-innovate enable with of proposition, and partners With digital of strategic growing competitive we as universities. technology our IoT backbone work and partners mobility, of value the
advisory experience value help offerings best-of-breed our is outcomes. We effectively scalable secured clearly client experiences chain suite domain and digital and versus how The in over to built of the around skills chain. conversations our base integrated Conduent We our traditional centered and can their delivering changing to outcomes consultative changed knowhow our a are talent operating has transform around across of every of focus the in year. service and up metric. and are to the models today rapidly digital digital To interaction expertise, nature moving our is process business value this touch-point the Today, ecosystem. compete conversations shifting end, leverage client's deliver and past
now and top patient our an engagements suppliers to medication. three intimacy pharma innovative of is long-standing and that of deploying selling operations, are its one monitor in at across ability example, and patient client, platform enabling transparency top engagement the we For
our patient automation the we which in efficiencies As we bots significantly experience, be experience. resulting automate suite, uses to implementing additional Conduent it and user on enhance workflows, focus will end
from Conduent's procurement evolved through in becoming is finance and measured a manufacturing example of global support accounting Another the transformational has leading to areas SLAs company. at automotive traditional a transactional providing business relationship partner.
across pleased in supplier resulting improved am a and we're focus roadmap We seeing the prevention relationships. including reorganization sales and also Europe desired enable new are and developing platforms, vision robotic source analytics, cash supported optimization, will an clients, revenue automation market. improvement process key and flow pay to business, in by share process to segments for our integrated early end-to-end I our cost reduction, that greater technology leakage machine-learning from services European business directed that and outcomes
is of quarter, value and With line team over the this Europe traction encouraging. result Europe on with focused In now penetration. shift care increased service care of added higher clients. increased pipeline squarely technology the non-customer than are our contract, our previous by of XX% are divestiture customer services our The our portfolio gaining QX, solutions select and more sales
in an will HR organization, European where services end-to-end global As provide we with we professional an closed services. QX example, opportunity leading a
processes the journey, myriad technology profitable elevating HR retire. of to momentum, and that sustainable that ingredients that and next asset automation model generation self-service gives experience portals pipeline employees of from confidence offering to client the me lifecycle workforce to employee people convenient have a a platforms. base providing entire recruit by digital tools and technology-based complex to are leverages access confluence this employee We evolution for the an right and optimized businesses allow using improve achieve This growth. The by simplifies we
the of over progress have last without to activity. expand in EBITDA margins continued grow years by X% At and us XXXX, positioned any XXXX. realize incremental by the ranges, points XXX guidance basis revenue well M&A Our of midpoint efforts of adjusted expect to our we couple
State this. into continuing clients value created the share client update. want we we matter. time and financial everyone that exposure With an us. segue of I a for I'd agreement regarding like us important longstanding put on and important the us another recently and the has an legacy and report resolve this our issue litigation Texas I'm behind amount This citizens. to the I to that it to thank have remains uncertain Texas focused management come issue consumed settlement, bring this next to to with its has happy can are who helped section, tremendous to of we Before
term over confident Let I'm the going longer spend why time me am I now can and achieve goals. on details we some XXXX our of X. Slide that
of success overview facets the on of and discuss transformation date, mentioned change remarks, provides of has I that what led to the that my transformation the have fairly comprehensive unique X Slide and As our focused opening a achieved till we program. in
of clients, to business terms client us. model. of In our not long-term a accounts, exited has key divested business been for that including focus We portfolio allowing strategic management XX,XXX were our
have within we and efforts of covered ground also of on under et the to company maintenance, on infrastructure, important legacy our practices reinforces and built CMMI and our our appropriate go-to-market a potential delivers renegotiating and streamlining IT as best pipeline Conduent This predictability technology-led In rationalizing software the improving and a new datacenter legacy the architecture. over right XXXX, improve take consolidation, clients out realignment software which IT Maturity huge customers. that for service while towards a quality Certification, Level offering performance. investments improvement step We time consistently cetera. of development is X We of the our an focus selling our making agreement delivery IT necessary included level back reliable, on themes budget. achieved outsource vendor consolidation, one meaningful towards through This
with I Lastly, we earnings call. and are the during working remediate top experts the to spoke about partners tier last issues
will remain reliability foundation driving QX, of will and outcomes. as market to labor meaningful in are backbone, employees service end be in starting time, Leveraging work-in-progress lower the the for more of a XX% has At cost XXXX. were instrumental improvements of same in global been to At our a countries a balance delivery infrastructure in stronger in expansion is the availability, with from progress base. infrastructure beyond. driver XXXX XXXX performance in in the our approximately XXXX continued talent our We base a Accushoring in optimizing made located employee margin so and resulting better we the past. XX% this compared
business enterprise best-in-class robust a up stand to continue we leveraging Lastly, tools technology. program intelligence and
the net significant strategy. progress creating transformation The becoming into shift ultimately improved key quality investments for ratio, have and We and sets leverage Conduent impact a and culture and to net growth experience stage our to the business modernize data-centric stack, growth. a made applications company smart dimension reduced technology margins, expanded our of is this to at pivots our is delivery of a enterprise this client
and this healthy is sheet agenda. growth balance supports Our
We of capital. our undrawn have revolver have paid multiple and to down for investments an term our flexibility high other uses us cost give debt, loan reprised or times
Moving and performance TCV sales as to to XXXX. XX% Slide in X, 'XX basis go the our QX compared by let's X% signings through grew year-over-year on FY a in in quarter.
QX New signings business In our on engagement, the is stickiness our that was client of This renewal XX%, QX, revenue X% strong grew stream. sixth XX%. of and we've consecutive year-over-year rate reflective in a the our basis. been above quarter performance
we two As made investments areas. XXXX, in it relates in to key new XXXX, business,
building included capabilities. new and new bringing the of And First, modernizing and realignment technology which sale force, second, in talent. optimization our
these We in compared were than the QX Several new investments are the larger of XXXX. of million, benefit X% with with enabled. digitally quarter of deals business platform now signings or more realizing our QX $XXX
book-to-bill times growth Our X.X it leading and was revenue is of this time. has This ratio over ratio the stayed fourth quarter. important X a consecutive above an as now is for quarter indicator past
yield to prior healthy of capture in penetration us our on conversion and $XX mining service remain pipeline quarter. generally the XXXX. consistent for play value in investments. current our We a drive higher better was our of in are line billion and pipeline better QX, a in which strengths We that will rate, are client The and improving focused with the deals
drive equip of line sales These increased development programs our Our sales our business, series engine. of and a in to on key enable incentive professionals our actions we sales top sales force training internal have a remains initiatives empower, reduce that profitable from tools force priority sustainable and reinvigorate and and growth. to to embarked to range doing investments and friction
of dynamics spend wins. let's in proposition some progress industry. put Before minutes interactions I into digital Slide the hand also and call our a value the deeper consider To I X. into I few Brian, that transforming we're bit over the clients. a now how digital I'll around play context, discussing for to experiences delve will key our on am our the made
how partner lower Historically, our turned As emerging cost help and labor of upend business value or as providers Conduent technologies we fundamentally our disrupt provide BPO new back dramatically role such or alternative is have arbitrage. service to clients models, a them that changing. office and the through for clients achieve efficiencies, primarily cost
the commerce with intersection a value safety, become power has infrastructure, we that integral Even for to their provide the is BPO at we where mission our and sit evolved, a critical and Conduent We world with this clients ecosystems connections government. increasingly transactions associated the users operate success. end efficiency. on the in as end have and was and of robust of remains basis. an our daily billions that important benefit billions technologies healthcare clients' and proposition cost critical largely while today, experience user to And
approximately For process payments instance, annually. $XXX BXB of we billion
are two-way to We conduit essential interchange. the a
and accounts by For payments, of are approximately for snap U.S. communication. and employees example, more consumers are million payment of support or globally insured child one tolling our our XX% HRO presence three U.S. parking of out U.S. than process XX% XX all touched services of XX% all by We of our supported nearly transactions.
our we're investments offerings through back governments and We AI clients, the analytics to achieving leverage business models. improve and user of all this data feedback end loop. corporations that to to to enhance our and improve and have flows to and/or our experience And this aggressive information ability and their the feed information the through platforms
moved back from We office front the have for to the becoming office our clients.
other are allowing services, and us of interactions software comprehensive providing API be platforms scalable extensible, and to Our integrator and integrated the third-party a ecosystem.
and the be allowing transforming experience are individualized. end We for to immediate, our users intelligent digital up the clients operate, the way and every interaction building
a line carrier, digital insurance we review large UR showcase Here and utilization few that Conduent. leverage signed payments compensation review, for with first evolution new examples platform. a medical the at workers' new Conduent on contract the select In bill a will that interaction our QX, are
Plus is in in efficiency, with improved medical automated matching drive enables experience drive to is and lower regulatory At to gets of end-to-end recognized Health to UR growing injured investments traditional breakthrough all adding with addressing Plans to which Health Administrative value worker Health UR a a our Solution while type The platform cost and Gold ensuring is industry cost solution maintaining the market are new HSP suite, immediate migrating this is as our Coast we technology and offering technology in Plan, step in the big managing medical the Gold workers' addition clients. automation Platform. Our treatment. platform our decisions requirements. workers' will The in and The greater in core market. and for claim this leading future an payment bills. end-to-end and exactly will and Coast that right our of Gold Strataware administration. acquisition compensation recently a that attractive with an acquired we leading challenge our to be offerings result key plan bundled growth This compensation an medical clients, provider member recently space analytics Coast the Core was portfolio compliance critical while a is see the
transportation government next sector where Our bringing to we public scale success in digital interactions large are programs. commercial, is generation segment technology across and
foundation increasingly capabilities I aggressively and reiterate journey the us offerings reshaping and a differentiated driving based pivot of deploy build a plate are work a to process traffic was - violations to our to scale to The win. to DriveSafe our DriveSafe technology. date recognition contract us analytics transformation hardware a our also assets, of platform permission smart set video deploy enterprise. give now for well solution in The a we major capabilities our begin our will want that system help large body permission public we in safety to across and example, review artificial XXXX. executed that reduce For number technology to over client, across this turn and Brian our as safety, solid business. like and two for fronts, capture of clean tremendous first the my intersections every of It'll our guidance the leveraging with for confidence gives intelligence the provide The system In market to play validation. violation, around to results increase a financial made progress integrates software, automating System to last using people I'll transportation county closing, to our the XXXX leading installation have traffic of and county violations. on We company seamless license Brian? core as portfolio on call to light the predictable, in discuss city progress provide quarter, and of facet the our fourth With California essential won years latest large processing we to Enforcement simple sustainable and of growth. our violations accidents. to the CiteWeb traffic a the
