Xerox Holdings Corp Stock Price, News & Analysis

Xerox Holdings Corporation (NASDAQ: XRX) has published its 2021 Global Corporate Social Responsibility (CSR) Report, which includes a roadmap to achieve net zero emissions by 2040, accelerated by 10 years. The report highlights accomplishments such as achieving 100% ENERGY STAR® registration for eligible products and collaborating with the U.S. Department of Energy to reduce HVAC energy consumption by up to 80%. Xerox also increased board diversity to 40% and supported COVID-19 response efforts. The report is prepared under GRI standards and details Xerox’s commitment to environmental and societal improvement.

Xerox Holdings Corporation (NASDAQ: XRX) is set to host a live audio webcast on Tuesday, Oct. 26, 2021, at 8 a.m. ET to discuss its 2021 third-quarter results and guidance. A news release will be available at 6:30 a.m. ET the same day. The discussion will feature John Visentin, vice chairman and CEO, and Xavier Heiss, CFO. Investors can access the webcast online and a replay will be available after the event.

Xerox has announced the acquisition of Competitive Computing (C2), further expanding its IT services business. C2, recognized for its quality IT services in Vermont, caters to clients in New England and nationwide. This strategic move aims to enhance Xerox's capabilities in offering automation, digitization, and security solutions, ultimately lowering operational costs and boosting productivity for small and medium-sized businesses. The global IT services market is valued at over $350 billion annually, indicating strong growth potential.

Xerox Holdings Corporation (NYSE:XRX) has promoted Deena LaMarque Piquion to Chief Marketing Officer. With 20 years of expertise, Piquion previously served as Senior VP and General Manager of Latin America Operations. In her new role, she will enhance revenue generation and brand awareness as part of Xerox's Executive Committee. Piquion's background includes leading a $1 billion region at Tech Data. She aims to boost market awareness of Xerox's innovative solutions in digital transformation, 3D printing, and augmented reality as the company seeks accelerated growth.

Xerox Holdings Corporation announced the transfer of its common stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market, effective September 21. The company will retain its ticker symbol 'XRX'. Xerox is focusing on enhancing its services, software, and innovation to address significant industrial challenges, including digital transformation and robotic process automation. CEO John Visentin emphasized the company's commitment to innovation and thanked the NYSE for its long-standing partnership. This strategic move aims to create more value for stakeholders.

Xerox Holdings Corporation (NYSE: XRX) will participate in two significant investor events this September. The first is a 3D printing Q&A session at the Rapid + TCT Conference in Chicago on September 13, 2021, featuring executives like Naresh Shanker and Tali Rosman. The second event is Citi's 2021 Global Technology Virtual Conference on September 15, 2021, with CEO John Visentin among the presenters. Attendees can access the events online via Xerox's investor relations webpage.

Xerox Holdings Corporation (NYSE: XRX) has announced the formation of CareAR, consolidating three key services under a $700 million post-money valuation. The newly formed CareAR received a $10 million investment from ServiceNow, enhancing its service experience management platform. CareAR will integrate augmented reality with digital workflows to improve service delivery, reduce operational costs, and support sustainability goals. It aims to address workforce challenges and enhance customer outcomes, led by Steve Bandrowczak and Sam Waicberg.

Xerox Holdings Corporation (NYSE: XRX) reported its second-quarter 2021 results, showcasing a revenue increase of 22.4% year-over-year, reaching $1,793 million. Strong demand for products and services, driven by higher equipment sales and print volumes, reflects a gradual return to office settings. The company reaffirmed its revenue and cash flow guidance for the year, despite global supply chain disruptions. Key financial highlights include a pre-tax income of $99 million and a GAAP earnings per share of $0.46, representing a 318.2% increase from the previous year.