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Xerox Holdings Corporation - XRX STOCK NEWS

Welcome to our dedicated page for Xerox Holdings Corporation news (Ticker: XRX), a resource for investors and traders seeking the latest updates and insights on Xerox Holdings Corporation stock.

Xerox Holdings Corporation (symbol: XRX) is a formidable player in the realm of imaging, business process, analytics, automation, and user-centric insights. Its sagacious engineering of work processes contributes to enhanced productivity, efficiency, and personalization for its clients. Xerox operates in over 180 countries, employing more than 130,000 individuals who drive meaningful innovations and deliver business process services, printing equipment, software, and solutions that significantly impact clients and their customers.

Xerox's core business focuses on the design, development, and sale of printing technology and related solutions. The company is recognized as an Original Equipment Manufacturer (OEM) of multifunction printers (MFPs) which include features like printing, copying, and scanning, primarily targeting large enterprise markets. Post-sales services, such as managed print services, offer clients smart servicing and operational efficiencies for their printing and copying needs.

While Xerox extensively serves the U.S. market, deriving 60% of its revenue domestically and 40% internationally, it is ambitiously breaking new grounds in sectors like digital print packaging solutions and printed electronics. This diversification aims to bolster Xerox’s market presence and revenue streams in burgeoning industries.

Recent achievements highlight Xerox's relentless pursuit of innovation and adaptability. The company’s ongoing projects and partnerships highlight its commitment to providing cutting-edge technology and solutions to meet the evolving demands of businesses worldwide.

For detailed updates on Xerox's latest performance, events, and developments, visit our news section below.

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Xerox has announced the acquisition of Competitive Computing (C2), further expanding its IT services business. C2, recognized for its quality IT services in Vermont, caters to clients in New England and nationwide. This strategic move aims to enhance Xerox's capabilities in offering automation, digitization, and security solutions, ultimately lowering operational costs and boosting productivity for small and medium-sized businesses. The global IT services market is valued at over $350 billion annually, indicating strong growth potential.

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Xerox Holdings Corporation (NYSE:XRX) has promoted Deena LaMarque Piquion to Chief Marketing Officer. With 20 years of expertise, Piquion previously served as Senior VP and General Manager of Latin America Operations. In her new role, she will enhance revenue generation and brand awareness as part of Xerox's Executive Committee. Piquion's background includes leading a $1 billion region at Tech Data. She aims to boost market awareness of Xerox's innovative solutions in digital transformation, 3D printing, and augmented reality as the company seeks accelerated growth.

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Xerox Holdings Corporation announced the transfer of its common stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market, effective September 21. The company will retain its ticker symbol 'XRX'. Xerox is focusing on enhancing its services, software, and innovation to address significant industrial challenges, including digital transformation and robotic process automation. CEO John Visentin emphasized the company's commitment to innovation and thanked the NYSE for its long-standing partnership. This strategic move aims to create more value for stakeholders.

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Xerox Holdings Corporation (NYSE: XRX) will participate in two significant investor events this September. The first is a 3D printing Q&A session at the Rapid + TCT Conference in Chicago on September 13, 2021, featuring executives like Naresh Shanker and Tali Rosman. The second event is Citi's 2021 Global Technology Virtual Conference on September 15, 2021, with CEO John Visentin among the presenters. Attendees can access the events online via Xerox's investor relations webpage.

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Xerox Holdings Corporation (NYSE: XRX) has announced the formation of CareAR, consolidating three key services under a $700 million post-money valuation. The newly formed CareAR received a $10 million investment from ServiceNow, enhancing its service experience management platform. CareAR will integrate augmented reality with digital workflows to improve service delivery, reduce operational costs, and support sustainability goals. It aims to address workforce challenges and enhance customer outcomes, led by Steve Bandrowczak and Sam Waicberg.

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Xerox Holdings Corporation (NYSE: XRX) reported its second-quarter 2021 results, showcasing a revenue increase of 22.4% year-over-year, reaching $1,793 million. Strong demand for products and services, driven by higher equipment sales and print volumes, reflects a gradual return to office settings. The company reaffirmed its revenue and cash flow guidance for the year, despite global supply chain disruptions. Key financial highlights include a pre-tax income of $99 million and a GAAP earnings per share of $0.46, representing a 318.2% increase from the previous year.

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Xerox Holdings Corporation (NYSE: XRX) has declared a quarterly dividend of $0.25 per share on its Common Stock, payable on November 1, 2021, to shareholders of record on September 30, 2021. Additionally, a $20 dividend per share will be paid on the Holdings Series A Convertible Perpetual Preferred Stock on October 1, 2021, to shareholders of record on September 15, 2021. The announcements reflect the company's ongoing commitment to returning value to its investors.

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Xerox Holdings Corporation (NYSE: XRX) is set to host a live audio webcast on July 27, 2021, at 8 a.m. ET to discuss its second-quarter results for 2021. A news release will precede this event at 6:30 a.m. ET on the same day. The discussion will include insights from John Visentin, the vice chairman and CEO, and Xavier Heiss, the CFO. The webcast can be accessed via their investor page or specific links provided in the announcement. This session aims to provide shareholders and interested parties with the company's performance updates and future guidance.

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Xerox has acquired Document Systems, a prominent document solutions provider in Southern California, aiming to strengthen its presence in the U.S. small and midsize business (SMB) market. This acquisition will enhance Xerox Business Solutions by integrating Document Systems' expertise in document management to improve customer experience and productivity for SMBs. This marks Xerox's third acquisition in North America within a year, following purchases of Groupe CT and Digitex. The financial terms of the transaction have not been disclosed.

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FAQ

What is the current stock price of Xerox Holdings Corporation (XRX)?

The current stock price of Xerox Holdings Corporation (XRX) is $9.23 as of December 24, 2024.

What is the market cap of Xerox Holdings Corporation (XRX)?

The market cap of Xerox Holdings Corporation (XRX) is approximately 1.1B.

What services and products does Xerox Holdings Corporation offer?

Xerox provides business process services, printing equipment, software, and solutions. They are known for multifunction printers and managed print services.

What is the primary market focus of Xerox?

Xerox primarily targets large enterprise markets with its multifunction printers and related post-sales services.

How does Xerox contribute to productivity and efficiency?

Through its expertise in imaging, business process, analytics, and automation, Xerox engineers the flow of work to enhance productivity, efficiency, and personalization.

In how many countries does Xerox operate?

Xerox operates in over 180 countries worldwide.

What percentage of Xerox's revenue comes from international markets?

Xerox derives 40% of its revenue from international markets.

What new markets is Xerox attempting to enter?

Xerox is exploring new markets such as digital print packaging solutions and printed electronics.

How many employees does Xerox have?

Xerox employs more than 130,000 individuals globally.

What are multifunction printers (MFPs)?

Multifunction printers (MFPs) are devices that can print, copy, and scan, designed to enhance office efficiency.

What are managed print services?

Managed print services are post-sales services that optimize the use and servicing of print/copy equipment to improve efficiency and reduce costs.

Where can I find the latest updates on Xerox?

You can find the latest updates on Xerox's performance, events, and developments in the news section of this website.

Xerox Holdings Corporation

Nasdaq:XRX

XRX Rankings

XRX Stock Data

1.15B
115.18M
7.34%
92.08%
12.92%
Information Technology Services
Computer Peripheral Equipment, Nec
Link
United States of America
NORWALK