Xerox Holdings Corp Stock Price, News & Analysis

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.

Xerox (NYSE: XRX) unveiled a suite of production print innovations aimed at enhancing speed and productivity. Key updates include the Color Accelerator module for the Baltoro inkjet press, the addition of fluorescent pink for the Iridesse Production Press, and three new high-volume printers in the VersaLink and Versant family. Notably, digital print enhancements are projected to generate $25 billion annually, improving profitability by up to 400%. Xerox continues to solidify its leadership in the production print market by providing cutting-edge technology and features for customers.

Xerox Holdings Corporation (NYSE: XRX) announced its third-quarter 2020 results, reporting a revenue drop to $1.767 billion, down 18.9% year-over-year. Pre-tax income fell 46.6% to $119 million, and GAAP EPS decreased by 39.7% to $0.41. Despite these challenges, Xerox emphasized its financial discipline and continued investment in digital solutions to navigate the uncertain economic landscape. The company has secured contracts with major clients and maintained market leadership in production and equipment sales in the Americas and EMEA.

Xerox Holdings Corporation (NYSE: XRX) announced a quarterly cash dividend of $0.25 per share on its Common Stock, payable on January 29, 2021, to shareholders of record on December 31, 2020. Additionally, a dividend of $20 per share will be issued on the Series A Convertible Perpetual Preferred Stock, payable on January 1, 2021, to shareholders of record on December 15, 2020.

This continued dividend payout underscores the company's commitment to returning value to shareholders.

Xerox Holdings Corporation (NYSE: XRX) will conduct a live audio webcast on Oct. 27 at 8 a.m. ET to discuss its third-quarter results and guidance. A news release will precede the event at 6:30 a.m. ET. John Visentin, CEO, and Xavier Heiss, interim CFO, will lead the discussion. Investors can access the webcast via the provided link. This event aims to provide insights into the company's financial performance and strategic direction as they navigate the evolving workplace technology landscape.