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 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.
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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