How is Xerox performing today as a company?
The company outpaced the consensus mark in all the trailing four quarters, delivering an average surprise of 16.2%. In fourth-quarter 2019, the company’s adjusted operating margin improved 270 basis points (bps) year over year to 16.8%. Xerox has an aggressive product development program in new high growth markets.
Where is Xerox now?
Xerox, founded as a photographic company in 1906, pioneered the first copier machine in the late 1950s. After decades as an industrial powerhouse, however, Xerox has struggled to adapt to the digital age, posting decreasing revenue for most of the past decade. Now the Norwalk, Conn.
Did Xerox go out of business?
On December 31, 2016, Xerox separated its business process service operations, essentially those operations acquired with the purchase of Affiliated Computer Services, into a new publicly traded company, Conduent.
Why is Xerox stock down?
Xerox Holdings stock is lower Tuesday after the printer company posted lower-than-expected first-quarter profits, while projecting a return to top-line growth later in the year as the economy recovers from the Covid-19 pandemic. …
Who are the New Dealers for Xerox Corporation?
Xerox Acquires Two New Dealers to Expand Presence in the Small-To-Medium Sized Business Market. Xerox (NYSE: XRX) has acquired two new multi-brand dealers, Rabbit Office Automation (ROA) and Heritage Business Systems (HBS), to grow its presence in key markets: the San Francisco Bay area and the Delaware Valley, respectively.
What did Xerox do with Groupe CT?
Xerox and the Victorian Government announced today they have partnered to launch Eloque, a joint venture to commercialize new technology that will remotely monitor the structural health of bridges. Xerox has acquired Groupe CT, a leading independent document management provider in Eastern Canada.
When did Xerox acquire digitex in Canada?
Xerox acquired Western Canada’s independent services, software, and technology provider Digitex in March 2020. The financial terms of the transaction were not disclosed.
What is the focus of the Xerox JV?
While the initial focus is on bridges, this technology is versatile and the JV plans to adapt it to other critical infrastructure. This announcement is consistent with our enhanced focus on productization of our PARC innovation, which we communicated earlier this year.
