Xerox Holdings Corp Stock Price, News & Analysis

Xerox (XRX) has announced that CFO Xavier Heiss will retire on February 1, 2025, after over 30 years with the company. Heiss, who has been CFO since 2021, will be succeeded by Mirlanda Gecaj, the current vice president and chief accounting officer. Gecaj joined Xerox in 2022 and has been instrumental in enhancing the company's financial operations and reporting.

CEO Steve Bandrowczak praised Heiss's contributions to Xerox's transformation and expressed confidence in Gecaj's ability to lead the company's financial strategy. Gecaj's background includes experience in business transformation at global technology companies, focusing on innovation and efficiency. During her time at Xerox, she has implemented financial process standardization and automation, resulting in significant cost savings.

Xerox has unveiled the PrimeLink C9200 Series color printers at the PRINTING United Expo 2024 in Las Vegas. This entry-level production press combines high-end capabilities with a space-saving design and automated workflows. The series includes the C9265, C9275, and C9281 models, offering speeds up to 81 pages per minute. Key features include:

- New toner formulation similar to the Iridesse Production Press
- Redesigned imaging system for superior performance
- Custom media catalogs for versatile printing options
- Advanced production-class feeding and finishing
- Choice of Xerox and Fiery print servers
- Integration with Xerox's production print ecosystem
- 10-inch touchscreen for easy operation

The PrimeLink C9200 series will be available for order starting in November, reinforcing Xerox's commitment to production print as a key priority for long-term client success.

Xerox Holdings (NASDAQ: XRX) and Taktiful Software Solutions have announced their intent to form a strategic partnership aimed at expanding their presence in the digital embellishment market. This collaboration will combine Xerox's industry-leading digital printing technology and market reach with Taktiful's AI-powered digital embellishment solutions.

The partnership focuses on delivering advanced production print enhancement capabilities, including white, clear, mixed metallics, fluorescents, and extended gamut options. These enhancements are expected to increase profitability and enable clients to expand into new areas. The alliance will integrate AI-enabled technology workstreams to develop innovative solutions that seamlessly fit into existing print infrastructures, making digital embellishments more accessible and cost-effective.

Xerox announced its participation in PRINTING United Expo 2024, showcasing its advanced end-to-end production ecosystem. The event, held from September 10-12 in Las Vegas, will feature Xerox's digital print solutions, including the Xerox® Iridesse® Production Press and Xerox® Versant® 280 Production Press. Xerox will demonstrate workflow analytics, automation, omni-channel customer communications management, and intelligent assistant capabilities. The company's FreeFlow Vision Software and FreeFlow Vision Connect Software will be honored with a PRINTING United Alliance 2024 Pinnacle Award for Technology. Xerox's partnership with FUJIFILM Business Innovation will also be highlighted, emphasizing their collaboration in driving industry advancements and delivering cutting-edge products.

Xerox Holdings (NASDAQ: XRX) has announced its participation in the upcoming Citi 2024 Global TMT Conference on September 5th, 2024. The event will take place at 3:50 p.m. EDT and will feature key company executives, including:

• Steve Bandrowczak, CEO
• John Bruno, President and COO
• Xavier Heiss, CFO
• David Beckel, VP and Head of Investor Relations

Investors and interested parties can access a live webcast and replay of the event through the Xerox investor relations website. This conference provides an opportunity for Xerox to showcase its strategy and engage with the investment community.

SAP SE announced that Xerox Holdings Corp. has chosen multiple SAP solutions to transform its enterprise architecture as part of its multi-year Reinvention. Xerox selected the RISE with SAP solution to move to the cloud, adopting a clean core approach to streamline operations across markets and business processes. By implementing SAP S/4HANA Cloud, Xerox aims to reduce IT costs, standardize global processes, and simplify its application landscape.

Xerox will also utilize other cloud solutions, including SAP Business AI, the SAP Customer Experience portfolio, SAP Business Technology Platform (SAP BTP), and supply management solutions. This integrated platform will provide real-time insights across finance, supply chain, and sales functions, enabling greater agility and cost reduction. Additionally, Xerox will leverage SAP's digital supply chain solutions to optimize operations and improve inventory visibility across nearly 145 countries.

Xerox Holdings (NASDAQ: XRX) has announced its latest dividend declarations. The board of directors has approved a quarterly dividend of $0.25 per share on Xerox Holdings Common Stock, payable on October 31, 2024, to shareholders of record on September 30, 2024. Additionally, a quarterly dividend of $20.00 per share has been declared on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock, set to be paid on October 1, 2024, to shareholders of record on September 15, 2024. This announcement demonstrates Xerox's commitment to providing regular returns to its shareholders.

Xerox has unveiled its new AltaLink C8200 and B8200 Series multi-function printers (MFPs), featuring AI-assisted technology to automate complex tasks and adapt to evolving workplace needs. These MFPs come pre-loaded with AI-enabled applications for document summarization, handwritten note conversion, and automatic redaction. The series includes Xerox Adaptive Learning, which uses AI algorithms to analyze usage patterns and optimize device settings.

The AltaLink 8200 series also serves as a platform for AI-assisted workflows, including Intelligent Document Processing. To address security concerns, Xerox has implemented advanced threat protection through collaborations with Trellix and Cisco, and integration with leading Security Information and Event Management (SIEM) platforms. The MFPs are designed for heavy workloads, offer seamless connectivity to mobile and cloud applications, and are ENERGY STAR, EPEAT, and Blue Angel certified for sustainability.

Xerox Holdings (NASDAQ: XRX) released its Q2 2024 results, showing sequential improvements despite year-over-year declines. Revenue was $1.58 billion, down 10% YoY. GAAP net income increased to $18 million ($0.11 per share), while adjusted net income decreased to $41 million ($0.29 per share). The company lowered its 2024 guidance, projecting revenue decline of 5-6% in constant currency and adjusted operating income of at least 6.5%. Xerox maintains its three-year target of $300 million incremental adjusted operating income above 2023 levels by 2026. CEO Steve Bandrowczak expressed confidence in the new operating model's ability to drive improvements and return to revenue growth in H2 2024.