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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 Holdings (NASDAQ: XRX) announces its participation in the J.P. Morgan Global Technology, Media and Communications Conference. The event will take place at 2:25 p.m. EDT on Tuesday, May 21, 2024. Key speakers include CEO Steve Bandrowczak, President and COO John Bruno, and CFO Xavier Heiss. A live webcast and replay of the event will be available on Xerox's investor relations website.

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Xerox reported first-quarter results with revenue of $1.50 billion, down 12.4%, and a net loss of $(113) million. Despite challenges, the company implemented operating model changes and remains on track to meet Reinvention targets. The adjusted net income declined to $11 million, with an operating margin of 2.2%. Xerox expects a revenue decline of 3-5% in constant currency for 2024, with a focus on improving operating income margins.
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Xerox Holdings will host a webcast to discuss its 2024 first-quarter results, featuring key executives like CEO Steve Bandrowczak and CFO Xavier Heiss.
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Xerox Holdings announces the nomination of seven new highly-qualified candidates for election to the Board of Directors. These candidates bring deep technology, product, finance, and global operations experience, aiming to propel Xerox forward in its Reinvention.
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Xerox Holdings (NASDAQ: XRX) announces plans to transition operations in Peru and Ecuador to Productive Business Solutions (PBS), a long-standing partner. The transaction is expected to close in Q2 2024. Xerox employees in both countries will shift to PBS. PBS will become the exclusive distribution partner for Xerox in these markets, operating as independent entities.
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Xerox Holdings announces the full exercise of the over-allotment option for its Convertible Senior Notes due 2030, raising an additional $50 million. The total gross proceeds from the offering now stand at $400 million. The company also closed an offering of $500 million Senior Notes due 2029 and settled cash tender offers, repurchasing $82.8 million of 2024 Notes and $362 million of 2025 Notes. The note offerings and repurchase aim to enhance financial flexibility and support Xerox's Reinvention and Digital and IT businesses.
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Xerox Holdings (XRX) closes a $500 million private placement of 8.875% Senior Notes due 2029 to refinance existing debt and for general corporate purposes.
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Xerox Holdings announces the consideration payable for the cash tender offers for the 2024 Notes and 2025 Notes. The Total Consideration for each series of Notes and the terms of the Tender Offers are detailed in the press release.
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Xerox Holdings announces early tender results for cash tender offers for 2024 and 2025 Notes, with $362 million aggregate principal amount accepted for purchase.
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Xerox Holdings Corporation (XRX) sells its operations in Argentina and Chile to Grupo Datco, a technology and fiber optic network services provider. The transition aligns with Xerox's Reinvention journey to enhance client support and accelerate growth. Grupo Datco will become the exclusive partner for Xerox in these markets, maintaining brand presence and offering products and solutions.
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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