Xerox Holdings Corp Stock Price, News & Analysis

Xerox Holdings Corporation (NYSE: XRX) has declared a quarterly cash dividend of $0.25 per share on its common stock, payable on April 30, 2021, to shareholders on record as of March 31, 2021. Additionally, a quarterly cash dividend of $20 per share was declared for the Series A Convertible Perpetual Preferred Stock, payable on April 1, 2021, to shareholders registered by March 15, 2021.

Xerox Holdings Corporation (NYSE: XRX) has partnered with Lexmark, marking the first client for its new global payments solutions business, Xerox Financial Services (XFS). XFS aims to finance both Xerox and third-party workplace technologies, providing financing for Lexmark's Managed Print Services engagements. This initiative enhances Xerox's offerings, incorporating automated loan processing for improved customer experience. Nicole Torraco leads XFS, signaling a strategic shift to streamline financing options for modern workplace needs.

Xerox Holdings Corporation (NYSE: XRX) announced the official appointment of Jacques-Edouard Gueden as executive vice president and president of EMEA Operations, a role he has held on an interim basis since late September. Gueden's extensive experience, including his previous roles in sales and marketing, positions him well to drive growth across EMEA. He aims to enhance awareness and revenue for Xerox's portfolio, focusing on new technologies, including 3-D metals and IoT solutions.

Xerox has partnered with the Naval Postgraduate School (NPS) to enhance additive manufacturing research, particularly in 3D printing, for military applications. This collaboration includes a Collaborative Research and Development Agreement (CRADA) and the installation of the Xerox ElemX™ Liquid Metal Printer at NPS. The printer enables on-demand production of metal parts, aiming to improve supply chain flexibility for the Navy. This initiative addresses complex military supply challenges, allowing personnel to create necessary parts directly, thereby reducing reliance on global supply chains.

Xerox Holdings Corporation (NYSE: XRX) announced significant organizational changes to establish three new business sectors: Software, Financing, and Innovation. This initiative aims to drive long-term growth starting in 2021. The new structure will enhance focus and flexibility, positioning Xerox for future opportunities. Key appointments include Nicole Torraco as VP of Xerox Financial Services, Sam Waicberg leading the Software segment, and Naresh Shanker at the helm of the PARC Innovation business. The restructuring reflects Xerox's intent to broaden its offerings and better serve clients.

Xerox Holdings Corporation (NYSE: XRX) has acquired CareAR, enhancing its software portfolio with augmented reality capabilities for customer support and field service. CareAR's platform allows remote experts to assist users visually, addressing issues that traditionally lead to costly downtimes ranging from $300,000 to $5 million per hour. This acquisition aims to integrate with ServiceNow, modernizing customer support and field service operations. Xerox’s software solutions now combine DocuShare and XMPie with CareAR, expanding their digital transformation tools for various clients.

Xerox Holdings Corporation (NYSE: XRX) reported its 2020 fourth-quarter and full-year results, announcing a significant revenue decline of 22.5% year-over-year to $7.02 billion. Key metrics also showed a 69.2% drop in GAAP EPS to $0.84 and a pre-tax income decrease of 69.3%. However, CEO John Visentin expressed optimism for 2021, projecting a revenue increase to $7.2 billion and continued investment in new business segments like Software and Financing. The company aims to enhance its innovation through a new $250 million venture capital fund.

Xerox Holdings Corporation (NYSE: XRX) will host a live audio webcast at 8 a.m. ET on January 26, 2021, to discuss its 2020 fourth-quarter and full-year results. A news release will be issued earlier at 6:30 a.m. ET. The event will feature John Visentin, CEO, and Xavier Heiss, CFO, discussing the company's performance. For further details, the audio webcast can be accessed at this link. Xerox aims to enhance workplace technology, integrating software and hardware for improved management of information across digital and physical platforms.

Xerox Holdings Corporation (NYSE: XRX) has appointed Xavier Heiss as chief financial officer, effective January 1, 2021. Heiss, a 32-year veteran of the company, has been serving in an interim capacity since September 2020. His extensive experience includes previous roles as executive vice president and president of EMEA Operations, and as controller and CFO of Americas Operations. CEO John Visentin expressed confidence in Heiss's ability to drive transformation and growth, highlighting his strong relationships and clear vision for the company.