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) 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.