Welcome to our dedicated page for Xerox Holdings news (Ticker: XRX), a resource for investors and traders seeking the latest updates and insights on Xerox Holdings stock.
Xerox Holdings Corporation reports on a workplace technology business built around print, digital, software-enabled services, integrated IT infrastructure and hybrid-workplace solutions for enterprises, governments, graphic communications providers and channel partners. News about XRX commonly covers quarterly results, margin trends, revenue trajectory, cash flow, debt reduction and guidance.
Recurring developments also include the integration of Lexmark, board and executive leadership changes, dividends on common stock and Series A convertible perpetual preferred stock, warrant distributions tied to the capital structure, and financing or licensing actions involving Xerox intellectual property assets.
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.
Xerox Holdings Corporation (NYSE: XRX) has declared a quarterly dividend of $0.25 per share on its Common Stock, payable on November 1, 2021, to shareholders of record on September 30, 2021. Additionally, a $20 dividend per share will be paid on the Holdings Series A Convertible Perpetual Preferred Stock on October 1, 2021, to shareholders of record on September 15, 2021. The announcements reflect the company's ongoing commitment to returning value to its investors.
Xerox Holdings Corporation (NYSE: XRX) is set to host a live audio webcast on July 27, 2021, at 8 a.m. ET to discuss its second-quarter results for 2021. A news release will precede this event at 6:30 a.m. ET on the same day. The discussion will include insights from John Visentin, the vice chairman and CEO, and Xavier Heiss, the CFO. The webcast can be accessed via their investor page or specific links provided in the announcement. This session aims to provide shareholders and interested parties with the company's performance updates and future guidance.
Xerox has acquired Document Systems, a prominent document solutions provider in Southern California, aiming to strengthen its presence in the U.S. small and midsize business (SMB) market. This acquisition will enhance Xerox Business Solutions by integrating Document Systems' expertise in document management to improve customer experience and productivity for SMBs. This marks Xerox's third acquisition in North America within a year, following purchases of Groupe CT and Digitex. The financial terms of the transaction have not been disclosed.
Xerox Holdings Corporation (NYSE: XRX) has declared a quarterly dividend of $0.25 per share on its common stock, payable on August 2, 2021 to shareholders of record on June 30, 2021. Additionally, a dividend of $20 per share on the outstanding Holdings Series A Convertible Perpetual Preferred Stock will be paid on July 1, 2021 to shareholders of record on June 15, 2021.
The company continues to innovate in digital transformation and other technologies, maintaining its focus on sustainable business practices.
Xerox executives John Visentin and Xavier Heiss will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2021, at 10:15 a.m. EDT. The event will be accessible via live audio webcast, providing insights into the company's direction and innovations. This conference is a critical platform for Xerox to showcase its advancements in digital transformation, augmented reality, and other technologies. A replay will be available post-event for those who miss the live session.
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Xerox has acquired Groupe CT, an independent document management provider in Eastern Canada, as part of its strategy to enhance its presence in the North American small and midsize business (SMB) market. This is Xerox's second acquisition in the Canadian SMB space in a year, following the purchase of Digitex. The integration aims to deliver tailored solutions to SMBs, fostering their growth amidst the current economic climate. Terms of the transaction were not disclosed.
Xerox Holdings Corporation (NYSE: XRX) reported first-quarter 2021 results, revealing a revenue decline of 8.1% year-over-year to $1.71 billion. Despite challenges posed by the pandemic, equipment sales and IT services revenue increased. The company achieved a pre-tax income of $53 million compared to a loss of $5 million in Q1 2020. Adjusted earnings per share rose by 4.8% to $0.22. Xerox is on track to finalize the separation of XFS, Xerox Software, and PARC Innovation as distinct entities by the end of 2021, positioning itself for growth as businesses return to office environments.
Xerox Holdings Corporation (NYSE: XRX) announced a live audio webcast for its 2021 first-quarter results on April 20, 2021, at 8 a.m. ET. This event will include an online presentation and is expected to provide insights into the company's financial performance during the first quarter.
John Visentin and Xavier Heiss, the company’s vice chairman and CEO alongside the CFO, will host the discussion. A news release with preliminary results will be made available at 6:30 a.m. ET on the same day.