Edition:
India

Xerox Corp (XRX.N)

XRX.N on New York Stock Exchange

32.73USD
9:34pm IST
Change (% chg)

$0.61 (+1.90%)
Prev Close
$32.12
Open
$32.43
Day's High
$32.77
Day's Low
$32.43
Volume
128,347
Avg. Vol
856,035
52-wk High
$35.17
52-wk Low
$18.58

Latest Key Developments (Source: Significant Developments)

Conduent, Xerox Entered Into First Amendment To Settlement Agreement And Release Between Cos And State Of Texas
Tuesday, 7 May 2019 

May 6 (Reuters) - Conduent Inc ::CONDUENT INC - CO, XEROX ENTERED INTO FIRST AMENDMENT TO SETTLEMENT AGREEMENT AND RELEASE BETWEEN COS AND STATE OF TEXAS.CONDUENT - AMOUNT PAID TO STATE IN FULL SETTLEMENT OF STATE ACTION WILL BE PAID AS FOLLOWS; $40 MILLION BEFORE APRIL 15, WHICH CO ALREADY PAID.CONDUENT - AMOUNT PAID TO STATE IN FULL SETTLEMENT OF STATE ACTION WILL BE PAID AS FOLLOWS; $78 MILLION ON/BEFORE MAY 15, $118 MILLION ON/BEFORE JAN 15, 2020.CONDUENT INC - IN ORDER TO SECURE SECOND PAYMENT, CONDUENT DEFENDANTS WILL PROVIDE BANK ISSUED LETTERS OF CREDIT IN FULL AMOUNT OF SECOND PAYMENT.  Full Article

Xerox Sees FY 2019 Adjusted Earnings Per Share Between $3.80 And $3.95
Thursday, 25 Apr 2019 

April 25 (Reuters) - Xerox Corp ::XEROX DELIVERS EPS GROWTH AND MARGIN EXPANSION, RAISES 2019 EPS GUIDANCE.Q1 GAAP EARNINGS PER SHARE $0.55.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $3.80 TO $3.95.SEES FY 2019 GAAP EARNINGS PER SHARE $2.90 TO $3.05.Q1 EARNINGS PER SHARE ESTIMATE $0.80 -- REFINITIV IBES DATA.QTRLY ADJUSTED EPS OF $0.91.QTRLY REVENUE $2,206 MILLION VERSUS $2,435 MILLION.Q1 REVENUE VIEW $2.27 BILLION -- REFINITIV IBES DATA.ON TRACK TO DRIVE GROSS SAVINGS IN 2019 OF AT LEAST $640 MILLION UNDER PROJECT OWN IT.  Full Article

Xerox Names Naresh Shanker Svp, Chief Technology Officer
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Xerox Corp ::XEROX NAMES NARESH SHANKER SVP, CHIEF TECHNOLOGY OFFICER.XEROX CORP - APPOINTMENT OF NARESH SHANKER AS SENIOR VICE PRESIDENT, CHIEF TECHNOLOGY OFFICER, EFFECTIVE MAY 6.XEROX CORP - APPOINTMENT OF NARESH SHANKER AS SENIOR VICE PRESIDENT, CHIEF TECHNOLOGY OFFICER, EFFECTIVE MAY 6.XEROX CORP - SHANKER WILL SUCCEED STEVE HOOVER.XEROX CORP - PRIOR TO JOINING XEROX, SHANKER WAS CHIEF INFORMATION OFFICER OF HP INC.  Full Article

Xerox to adopt holding company structure
Thursday, 7 Mar 2019 

March 7 (Reuters) - Xerox Corp ::XEROX - ON MARCH 6 REGISTRANT’S BOARD OF DIRECTORS APPROVED A REORGANIZATION OF REGISTRANT’S CORPORATE STRUCTURE INTO A HOLDING COMPANY STRUCTURE.XEROX - PURSUANT TO REORGANIZATION THE REGISTRANT WILL BECOME A DIRECT, WHOLLY-OWNED SUBSIDIARY OF A NEW HOLDING COMPANY.XEROX CORP - THE REORGANIZATION IS INTENDED TO BE IMPLEMENTED VIA A TAX-FREE TRANSACTION FOR U.S. FEDERAL INCOME TAX PURPOSES -SEC FILING.XEROX - THE BUSINESS OPERATIONS, DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT WILL NOT CHANGE AS A RESULT OF THE REORGANIZATION.XEROX CORP - DIRECTORS AND EXECUTIVE OFFICERS OF REGISTRANT WILL ALSO SERVE IN THE SAME CAPACITIES FOR THE NEW HOLDING COMPANY.XEROX - REORGANIZATION TO RESULT IN EACH HOLDER OF REGISTRANT’S COMMON STOCK OWNING SAME NUMBER OF SHARES OF COMMON STOCK IN NEW HOLDING COMPANY.XEROX CORP - REORGANIZATION IS EXPECTED TO BE IMPLEMENTED IN MID-2019.XEROX - SHARES OF THE NEW HOLDING COMPANY’S COMMON STOCK WILL TRADE ON THE NEW YORK STOCK EXCHANGE UNDER REGISTRANT’S CURRENT TICKER SYMBOL “XRX.”.  Full Article

Xerox Corp Does Not Anticipate Material Impact From Additional China Tariffs Announced to Date
Tuesday, 26 Feb 2019 

Feb 25 (Reuters) - Xerox Corp ::XEROX CORP - AT THIS STAGE, DO NOT ANTICIPATE A MATERIAL IMPACT FROM ADDITIONAL CHINA TARIFFS ANNOUNCED TO DATE ON COST OF OUR IMPORTED PRODUCTS.XEROX - CURRENTLY DO NOT BELIEVE THAT BREXIT, AND OTHER RELATED EFFECTS WILL HAVE A MATERIAL IMPACT ON CO’S FINANCIAL POSITION OR OPERATING RESULTS.  Full Article

Xerox Declares Dividend On Common And Preferred Stock
Thursday, 21 Feb 2019 

Xerox Corp ::XEROX DECLARES DIVIDEND ON COMMON AND PREFERRED STOCK.SETS QUARTERLY CASH DIVIDEND OF $0.25PER SHARE.  Full Article

Xerox In Process Of Closing Many Of Its 186 Xerox Business Solutions Field Offices - CRN
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - :XEROX IS IN THE PROCESS OF CLOSING MANY OF ITS 186 XEROX BUSINESS SOLUTIONS FIELD OFFICES - CRN, CITING SOURCES.  Full Article

Xerox Is In The Process Of Closing Many Of Its 186 Xerox Business Solutions Field Offices - CRN
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Xerox Corp ::XEROX IS IN THE PROCESS OF CLOSING MANY OF ITS 186 XEROX BUSINESS SOLUTIONS FIELD OFFICES - CRN, CITING SOURCES.  Full Article

Xerox Sees FY 2020 Adjusted Earnings Per Share At Least $4.00 Including Items
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Xerox Corp ::SEES FY 2020 ADJUSTED EARNINGS PER SHARE AT LEAST $4.00 INCLUDING ITEMS.XEROX OUTLINES THREE-YEAR STRATEGY AT INVESTOR DAY; GUIDES TO OVER $3 BILLION OF CUMULATIVE CASH FLOW AND ANNUAL EPS EXPANSION.ANTICIPATE THAT WE CAN ACHIEVE FLAT TO GROWING REVENUE BY 2021.EXPECTED ANNUAL IMPROVEMENTS IN ITS REVENUE TRAJECTORY THAT RESULT IN FLAT TO GROWING REVENUE BY 2021.EXPECTED ADJUSTED EPS EXPANSION OF AT LEAST 7 PERCENT ANNUALLY, INCLUDING AT LEAST $4.00 OF ADJUSTED EPS IN 2020.XEROX - DELIVERING GREATER THAN 50 PERCENT OF FREE CASH FLOW BACK TO SHAREHOLDERS THROUGH DIVIDENDS,SHARE REPURCHASES IN EACH OF NEXT 3 YEARS.EXPECTED ADJUSTED OPERATING MARGIN EXPANSION OF MORE THAN 200 BASIS POINTS OVER NEXT THREE YEARS."PROJECT OWN IT" IS EXPECTED TO GENERATE BOTTOM-LINE ANNUAL PROFIT GROWTH.FY2020 EARNINGS PER SHARE VIEW $3.85 -- REFINITIV IBES DATA.  Full Article

Xerox Sees More Opportunity To Capture Market Share Across Core Segments - Conf Call
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Xerox Corp ::XEROX SAYS HAVE DEVELOPED A 3-YEAR ROAD MAP FOR REVENUE GROWTH THAT CO WILL TALK ABOUT IN DETAIL AT INVESTOR DAY NEXT WEEK - CONF CALL.XEROX SAYS IN Q4, WE CONTINUE TO SEE SOME POSITIVE RESULTS FROM OUR WORKPLACE SOLUTIONS, DRIVEN BY SALES OF OUR CONNECTKEY PRODUCTS - CONF CALL.XEROX SAYS "REMAIN POISED TO GAIN SHARE IN A4 BY EXPANDING OUR INDIRECT AND DIGITAL CHANNELS" - CONF CALL.XEROX SAYS "OVERALL, THERE IS STILL MORE OPPORTUNITY TO CAPTURE MARKET SHARE ACROSS ALL OUR CORE SEGMENT" - CONF CALL.XEROX SAYS "GROWING SOFTWARE AND SERVICES IS A KEY COMPONENT OF OUR REVENUE GROWTH STRATEGY" - CONF CALL.XEROX - EXECUTING AGAINST STRATEGIC INITIATIVES, BEGINNING TO SEE "MEASURABLE RESULTS" WHICH POSITIONS CO WELL TO ACCELERATE "TRANSFORMATION" IN 2019.XEROX SAYS WE WILL BE CHANGING FOR 2019 OUR DEFINITION OF ADJUSTED OPERATING MARGIN TO NO LONGER INCLUDE EQUITY INCOME - CONF CALL.XEROX SAYS HAD 2 FACTORS THAT DROVE LOWER SIGNINGS IN QUARTER, INCLUDING "LOWER RENEWAL OPPORTUNITY" - CONF CALL.XEROX SAYS ANTICIPATES HIGHER CAPEX IN 2019 ASSOCIATED WITH PROJECT OWN IT IMPLEMENTATION AS WELL AS REVENUE INITIATIVES - CONF CALL.XEROX SAYS GOVERNMENT SHUTDOWN HAS SOME IMPACT ON CO, FROM CO'S GOVERNMENT ACCOUNTS, ABOUT 1/3 OF WERE IMPACTED - CONF CALL.XEROX CFO, ASKED ABOUT OPTIONS FOR LEASING BUSINESS, SAYS "WE DON'T SPECIFICALLY COMMENT ON ANYTHING REGARDING STRATEGIC ALTERNATIVES" - CONF CALL.  Full Article

Photo

Tech in driver's seat as S&P 500 flirts with record

SAN FRANCISCO Technology stocks are extending their leadership on Wall Street as the S&P 500 trades near its all-time high, with Advanced Micro Devices Inc , Xilinx Inc and Xerox Corp among the top performers since last December's sell-off that stirred fear of an end to a decade-long bull market.