Edition:
United States

Xerox Corp (XRX.N)

XRX.N on New York Stock Exchange

7.44USD
17 Feb 2017
Change (% chg)

$0.04 (+0.54%)
Prev Close
$7.40
Open
$7.39
Day's High
$7.46
Day's Low
$7.34
Volume
2,163,051
Avg. Vol
2,820,309
52-wk High
$11.38
52-wk Low
$6.47

Latest Key Developments (Source: Significant Developments)

Xerox and EFI partner to give customers best in class digital front ends
Thursday, 2 Feb 2017 08:15am EST 

Xerox Corp : Xerox and EFI partner to give customers best in class digital front ends . Xerox Corp says terms of transaction were not disclosed . Xerox Corp - terms of transaction were not disclosed . Says agreement includes sale of Xerox's freeflow print server dfe business to EFI . Xerox - under terms of deal, EFI will continue to produce and support FFPS so current customers do not experience interruptions in sales or service .Xerox Corp - agreement is for FFPS only and does not impact Xerox workflow solutions that carry a freeflow sub-brand name.  Full Article

Xerox reports Q4 adjusted EPS of $0.25
Tuesday, 31 Jan 2017 06:45am EST 

Xerox Corp : Xerox reports fourth-quarter 2016 earnings . Q4 revenue $2.7 billion versus I/B/E/S view $2.77 billion . Sees FY 2017 adjusted earnings per share $0.80 to $0.88 . Sees FY 2017 GAAP earnings per share $0.44 to $0.52 from continuing operations . Q4 GAAP earnings per share $0.17 from continuing operations excluding items . Q4 adjusted earnings per share $0.25 . Q4 GAAP earnings per share $0.17 from continuing operations . Q4 earnings per share view $0.25 -- Thomson Reuters I/B/E/S . FY2017 earnings per share view $0.88, revenue view $10.35 billion -- Thomson Reuters I/B/E/S .Xerox - sees generating operating cash flow from continuing operations of $700 to $900 million and free cash flow from continuing operations of $525 to $725 million in 2017.  Full Article

Xerox adds two new directors to board
Friday, 27 Jan 2017 06:45am EST 

Xerox Corp : Xerox adds two new directors to board . Xerox Corp - chief executive officer, Jeff Jacobson, joined Xerox's board of directors, effective January 26, 2017. . Says Richard Harrington, who has served on board since 2004, will also retire and will not stand for re-election . Xerox Corp - CEO, Jeff Jacobson, and Greg Brown, chairman and CEO of Motorola Solutions, Inc., have joined Xerox's board of directors . Xerox Corp - appointments are effective January 26, 2017 .Xerox - CEO, Jeff Jacobson, and Greg Brown, chairman and CEO of Motorola Solutions, Inc, have joined Xerox's board of directors (corrects typo).  Full Article

Xerox says completes separation of Conduent
Tuesday, 3 Jan 2017 08:00am EST 

Xerox Corp : Xerox Corp - Xerox completes separation of Conduent . Xerox Corp - in connection with spin-off, Xerox received a cash transfer from Conduent of $1.8 billion .Xerox Corp - intends to use cash transfer, along with cash on hand, to retire approximately $2.0 billion in debt.  Full Article

Xerox says names Steve Hoover chief technology officer
Wednesday, 21 Dec 2016 12:00pm EST 

Xerox Corp - : Xerox names Steve Hoover chief technology officer .Xerox Corp- Hoover succeeds Sophie Vandebroek, who will retire at end of this year.  Full Article

Conduent says enters credit agreement
Friday, 9 Dec 2016 07:39am EST 

Xerox Corp : Conduent says agreement also provides for senior secured term loan 'b' facility of $750 million with a seven-year maturity . Conduent - agreement permits co to incur incremental term loan borrowings, and/or increase commitments under credit facility for not more than $300 million . Conduent says on Dec 7, co entered into a credit agreement among co, its units - sec filing . Conduent- credit agreement provides senior secured credit facilities of term loan 'a' facility in amount of up to $700 million with a 5-year maturity . Conduent- to use proceeds of borrowings under term loan facilities to purchase international subsidiaries from xerox, to pay a distribution to xerox .Conduent- agreement also provides for senior secured revolving credit facility in an aggregate principal amount of $750 million with a five-year maturity.  Full Article

Xerox says expects normalised operating cash flow of $900mln+ by 2019
Wednesday, 7 Dec 2016 07:41am EST 

Xerox Corp : Sees equipment revenue beginning to improve in 2H of 2017 - presentation .Xerox Corp - sees return to normalised operating cash flow of $900mln+ by 2019.  Full Article

Xerox sees complete separation of Conduent on Dec. 31
Wednesday, 7 Dec 2016 06:45am EST 

Xerox Corp - : Xerox outlines strategy at investor conference . Expects to complete separation of Conduent Incorporated on Dec. 31, 2016 . Xerox announced an expected annualized per share dividend of $0.25 after separation . New Xerox expects to expand operating margins to be in range of 12.5 - 14.5 percent in near term . New Xerox expects to increase contribution from strategic growth areas to 50 percent of total company revenue by 2020 .New Xerox sees to deliver at least $1.5 billion cumulative gross productivity, cost savings by 2018 from its strategic transformation program.  Full Article

Xerox says new CFO William Osbourn to receive annual base salary of $625,000
Friday, 2 Dec 2016 08:44am EST 

Xerox Corp - : New CFO William Osbourn to receive annual base salary of $625,000 - SEC filing . Osbourn to receive target 2017 long-term incentive award opportunity under executive long-term incentive program of $2.3 million .In addition, Osbourn will receive restricted stock unit award of $1.1 million.  Full Article

Xerox's largest individual shareholder sues to block split of company - CNBC, citing DJ
Thursday, 13 Oct 2016 10:27am EDT 

: Darwin Deason, Xerox's largest individual shareholder, sues to block split of company - CNBC, citing Dow Jones ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

More From Around the Web

BRIEF-Xerox and EFI partner to give customers best in class digital front ends

* Xerox and EFI partner to give customers best in class digital front ends