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.
Xerox Holdings Corporation (NYSE: XRX) announced the official appointment of Jacques-Edouard Gueden as executive vice president and president of EMEA Operations, a role he has held on an interim basis since late September. Gueden's extensive experience, including his previous roles in sales and marketing, positions him well to drive growth across EMEA. He aims to enhance awareness and revenue for Xerox's portfolio, focusing on new technologies, including 3-D metals and IoT solutions.
Xerox has partnered with the Naval Postgraduate School (NPS) to enhance additive manufacturing research, particularly in 3D printing, for military applications. This collaboration includes a Collaborative Research and Development Agreement (CRADA) and the installation of the Xerox ElemX™ Liquid Metal Printer at NPS. The printer enables on-demand production of metal parts, aiming to improve supply chain flexibility for the Navy. This initiative addresses complex military supply challenges, allowing personnel to create necessary parts directly, thereby reducing reliance on global supply chains.
Xerox Holdings Corporation (NYSE: XRX) announced significant organizational changes to establish three new business sectors: Software, Financing, and Innovation. This initiative aims to drive long-term growth starting in 2021. The new structure will enhance focus and flexibility, positioning Xerox for future opportunities. Key appointments include Nicole Torraco as VP of Xerox Financial Services, Sam Waicberg leading the Software segment, and Naresh Shanker at the helm of the PARC Innovation business. The restructuring reflects Xerox's intent to broaden its offerings and better serve clients.
Xerox Holdings Corporation (NYSE: XRX) has acquired CareAR, enhancing its software portfolio with augmented reality capabilities for customer support and field service. CareAR's platform allows remote experts to assist users visually, addressing issues that traditionally lead to costly downtimes ranging from $300,000 to $5 million per hour. This acquisition aims to integrate with ServiceNow, modernizing customer support and field service operations. Xerox’s software solutions now combine DocuShare and XMPie with CareAR, expanding their digital transformation tools for various clients.
Xerox Holdings Corporation (NYSE: XRX) reported its 2020 fourth-quarter and full-year results, announcing a significant revenue decline of 22.5% year-over-year to $7.02 billion. Key metrics also showed a 69.2% drop in GAAP EPS to $0.84 and a pre-tax income decrease of 69.3%. However, CEO John Visentin expressed optimism for 2021, projecting a revenue increase to $7.2 billion and continued investment in new business segments like Software and Financing. The company aims to enhance its innovation through a new $250 million venture capital fund.
Xerox Holdings Corporation (NYSE: XRX) will host a live audio webcast at 8 a.m. ET on January 26, 2021, to discuss its 2020 fourth-quarter and full-year results. A news release will be issued earlier at 6:30 a.m. ET. The event will feature John Visentin, CEO, and Xavier Heiss, CFO, discussing the company's performance. For further details, the audio webcast can be accessed at this link. Xerox aims to enhance workplace technology, integrating software and hardware for improved management of information across digital and physical platforms.
Xerox Holdings Corporation (NYSE: XRX) has appointed Xavier Heiss as chief financial officer, effective January 1, 2021. Heiss, a 32-year veteran of the company, has been serving in an interim capacity since September 2020. His extensive experience includes previous roles as executive vice president and president of EMEA Operations, and as controller and CFO of Americas Operations. CEO John Visentin expressed confidence in Heiss's ability to drive transformation and growth, highlighting his strong relationships and clear vision for the company.
Xerox (NYSE: XRX) unveiled a suite of production print innovations aimed at enhancing speed and productivity. Key updates include the Color Accelerator module for the Baltoro inkjet press, the addition of fluorescent pink for the Iridesse Production Press, and three new high-volume printers in the VersaLink and Versant family. Notably, digital print enhancements are projected to generate $25 billion annually, improving profitability by up to 400%. Xerox continues to solidify its leadership in the production print market by providing cutting-edge technology and features for customers.
Xerox Holdings Corporation (NYSE: XRX) announced its third-quarter 2020 results, reporting a revenue drop to $1.767 billion, down 18.9% year-over-year. Pre-tax income fell 46.6% to $119 million, and GAAP EPS decreased by 39.7% to $0.41. Despite these challenges, Xerox emphasized its financial discipline and continued investment in digital solutions to navigate the uncertain economic landscape. The company has secured contracts with major clients and maintained market leadership in production and equipment sales in the Americas and EMEA.
Xerox Holdings Corporation (NYSE: XRX) announced a quarterly cash dividend of $0.25 per share on its Common Stock, payable on January 29, 2021, to shareholders of record on December 31, 2020. Additionally, a dividend of $20 per share will be issued on the Series A Convertible Perpetual Preferred Stock, payable on January 1, 2021, to shareholders of record on December 15, 2020.
This continued dividend payout underscores the company's commitment to returning value to shareholders.
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