Key Developments: Xerox Corp (XRX.N)
8.81USD
22 May 2013
$-0.21 (-2.33%)
$9.02
$9.02
$9.11
$8.80
1,822,763
1,931,354
$9.37
$6.10
Latest Key Developments (Source: Significant Developments)
Xerox Corp Comments FY 2013 Revenue Guidance-Conference Call
Xerox Corp announced that it still have high confidence in the revenue growth for fiscal 2013. Full Article
Xerox Corp Lowers Q4 2012 EPS Guidance; Sees Q4 2012 Charge Guidance At Top End Of Prior Range
Xerox Corp announced that for fourth quarter of 2012, it expects restructuring charge to be $100 million or $0.05 a share. The Company also expects GAAP earnings per share of $0.24-$0.26 or adjusted earnings per share of $0.28-$0.30. Full Article
Xerox Corp Declares Dividend On Common And Preferred Stock
Xerox Corp announced that it has declared a quarterly cash dividend of 4.25 cents per share on Xerox common stock. The dividend is payable on January 31, 2013 to shareholders of record on December 31, 2012. The board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock. The dividend is payable on January 1, 2013 to shareholders of record on December 15, 2012. Full Article
Xerox Corp Secures $72 Million Contract
Xerox Corp announced that the state of Nevada has awarded Xerox a $72 million contract to design and implement the state’s Health Insurance Exchange (HIX). By choosing Xerox’s cloud-based HIX Solution Suite, Nevada will meet the Affordable Care Act deadlines to provide an online portal for individuals and small businesses to compare and purchase health plans. In addition to developing and operating the Web portal and online selection tool for healthcare coverage plans, Xerox will also manage a customer contact center to share information with participants about the price and quality of health services. Full Article
Xerox Corp Signs $153 Million Contract With Schneider Electric To Manage IT Infrastructure Capabilities
Xerox Corp announced that Schneider Electric selected Xerox to modernize its IT infrastructure as part of a seven-year, $153 million agreement. Xerox will modernize the Company’s North American IT infrastructure operations by first consolidating its data centers and managing them with cost-effective, automated processes that respond to the fluctuating market demands of the energy sector. Xerox also will assume responsibility for running the Company’s help desk, which Schneider employees rely on to trouble-shoot daily issues with their computers, including assisting remote employees who use mobile devices. Full Article
Xerox Corp investigated By Texas On Medicaid Work-Reuters
Reuters reported that Xerox Corp and a wholly owned unit that contracted with the U.S. state of Texas to process dental claim forms are being investigated to see if they helped allow dentists to submit higher-than-required bills under the state's Medicaid system, the Wall Street Journal (WSJ) reported. The Texas Health and Human Services Commission is concerned that the unit, Affiliated Computer Services Inc, did not dedicate sufficient trained staff to audit the Medicaid requests, letting dentists get paid for procedures not covered by the program, the WSJ said. Karen Arena, a spokeswoman for Xerox, had no immediate comment on the report when contacted by Reuters. Medicaid is a federal-state program that insures lower-income people. Full Article
Xerox Corporation's Global Imaging Systems Acquires Martin Whalen Office Solutions
Xerox Corporation announced that Global Imaging Systems (GIS), A Xerox Company, acquired Illinois-based Martin Whalen Office Solutions, provider of office technology and software solutions for Chicago's southern and western suburbs. Martin Whalen will immediately add Xerox’s full range of office and printing technology and managed print services to its portfolio. The company has distributed Canon and Kyocera copiers, printers and multifunction devices in addition to providing document management and managed print solutions. Whalen will remain as President and CEO; Daniel Whalen will remain as Vice President. The company has locations in Bradley, Tinley Park and Channahon, Ill. Terms of the transaction were not disclosed. Full Article
Xerox Corporation Issues Q3 2012 EPS Guidance; Lowers FY 2012 EPS Guidance
Xerox Corporation announced that considering the economic uncertainty, the Company now expects third quarter of 2012 GAAP earnings of $0.20 to $0.22 per share and adjusted EPS to be $0.24 cents to $0.26 per share. The Company expects fiscal 2012 GAAP EPS of $0.92 to $0.97 and adjusted EPS of $1.07 to $1.12. Full Article
Xerox Corporation Declares Dividend On Common And Preferred Stock
Xerox Corporation announced that the board of directors declared a quarterly cash dividend of $0.0425 per share on Xerox common stock. The dividend is payable on October 31, 2012 to shareholders of record on September 28, 2012. The board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock. The dividend is payable on October 1, 2012 to shareholders of record on September 15, 2012. Full Article
Xerox Corporation Acquires UK Based WDS
Xerox Corporation announced that it has signed a definitive agreement to acquire WDS, a firm that provides technical support, knowledge management and related consulting to wireless telecommunication brands. Financial terms were not mentioned. Full Article
Xerox focuses on services as printer business declines
- Printer and copier maker Xerox Corp forecast current-quarter earnings below estimates as it accelerates efforts to transform itself into a technology services provider.
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