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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.

Rhea-AI Summary
Xerox Holdings Corporation (XRX) announced a new operating model and organizational structure to further the company’s Reinvention. The evolution of Xerox’s Reinvention aligns resources in three key areas: improvement and stabilization of the core print business, increased productivity and efficiency through the formation of a new Global Business Services organization, and disciplined execution in revenue diversification. The company has redesigned and realigned its executive team to support the new operating model. The new model includes a 15 percent workforce reduction, with proposed reductions subject to formal consultation with local works councils and employee representative bodies where applicable.
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Xerox (XRX) Named Leader in Document Workflow Services by IDC MarketScape
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Xerox Holdings Corporation (XRX) to participate in Raymond James TMT and Consumer Conference on December 5 and Wolfe Small and Mid-Cap Conference on December 6.
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Xerox Holdings Corporation (XRX) to participate in UBS Global Technology Conference on November 28, 2023. CEO Steve Bandrowczak and VP David Beckel to attend. Live webcast and replay available at www.news.xerox.com/Investors.
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Xerox Holdings Corporation announces Q3 2023 financial results, with revenue down 5.7% and GAAP net income up $432 million year-over-year. The company also announces a Reinvention plan expected to improve adjusted operating income by at least $300 million by 2026.
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Xerox Holdings Corporation declares quarterly dividend on common stock and preferred stock
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Xerox publishes its 2023 Global Corporate Social Responsibility (CSR) Report, highlighting its CSR accomplishments and commitment to sustainability and ESG initiatives.
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Xerox Holdings Corporation to host a webcast discussing 2023 third-quarter results.
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Xerox to showcase its production data automation offering, FreeFlow Vision, at PRINTING United Expo 2023.
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Xerox Holdings Corporation has entered into a share purchase agreement to repurchase all of the shares owned by Carl C. Icahn and affiliates at a price of $15.84 per share, for a total of approximately $542 million. The transaction is expected to close by September 29, 2023. The Icahn Parties will no longer hold any Xerox common shares after the transaction. Jesse Lynn, Steven Miller, and James Nelson will resign from the board of directors. Scott Letier has been appointed chairman of the Xerox Board of Directors. The repurchase reflects confidence in the business and strategy of Xerox.
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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 $9.04 as of November 22, 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

1.14B
115.16M
7.29%
91.92%
12.3%
Information Technology Services
Computer Peripheral Equipment, Nec
Link
United States of America
NORWALK