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Creating - investor.conduent.com

2017 Annual ReportCreating Intelligent InteractionsConduent Incorporated100 Campus Drive, Suite 200 Florham Park, NJ 07932 2018 Conduent Inc. All rights reserved. Conduent and Conduent Agile Star are trademarks of Conduent Inc. in the United States and/or other countries. Paper from responsible sources. Conduent Inc. 2017 Annual Report2 Letter to Shareholders6 Our Value Chain7 Our Transformation Roadmap8 Overview of Services and Results9 Non-GAAP Measures12 Board of Directors13 Officers and Investor Information Form 10-KFinancial Highlights (dollar values in millions, except EPS) 2017 2016 2015 GAAP revenue $ 6,022 $ 6,408 $ 6,662 Adjusted revenue1 $ 6,022 $ 6,491 $ 6,778 Gross margin gross margin1 $ 615 $ 686 $ 699 Adjusted operating income1 $ 418 $ 354 $ 323 Adjusted operating margin1 loss $ (16) $ (1,227) $ (574)GAAP EPS $ $ ( ) $ ( )Adjusted net i

An Effective Cost Structure A by-product of our previous, fragmented model was an inefficient cost structure and operating model, hampering both profitability and market responsiveness.

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