Key Developments: Xerox Corp (XRX.N)

XRX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Xerox Research Centre Canada signs agreement with Authentix to provide secure materials research services
Monday, 31 Mar 2014 10:00am EDT 

Xerox Corp:Signs multi-year materials research services agreement with Dallas-based Authentix Inc.Provider of anti-counterfeiting, brand protection and program integrity solutions for oil and gas industry, currency, branded products and tax stamp markets.Scientists at XRCC specialize in design and development of electronic materials and specialty components, environmentally-friendly processes; coatings, applied nanotechnology, polymer science, engineering and pilot plant scale-up.  Full Article

Xerox Corp issues Q1 2014 EPS guidance below analysts' estimates; reaffirms FY 2014 EPS guidance
Friday, 24 Jan 2014 07:00am EST 

Xerox Corp:Expects Q1 2014 GAAP earnings of $0.19 to $0.21 per share and adjusted EPS of $0.23 to $0.25 per share.Reaffirmed FY 2014 guidance.Expects FY 2014 GAAP EPS in the range of $0.93 to $0.99 and adjusted EPS of $1.10 to $1.16.Q1 2014 EPS of $$0.24 - Thomson Reuters I/B/E/S.FY 2014 EPS of $1.14 - Thomson Reuters I/B/E/S.  Full Article

Xerox Corp declares increase in quarterly dividend on common stock
Friday, 24 Jan 2014 06:45am EST 

Xerox Corp:Says Directors has declared an 8.7 pct increase in the company`s quarterly cash dividend to $0.0625per share on Xerox common stock.Says dividend is payable on Apr. 30 to shareholders of record on Mar. 31.Says Board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock.Says dividend on Series A Convertible Perpetual Preferred Stock is payable on April 1, 2014 to shareholders of record on Mar. 15.  Full Article

Xerox Corp expands european customer care with acquisition of invoco
Friday, 20 Dec 2013 04:00am EST 

Xerox Corp:Says an agreement to acquire German-based Invoco Holding GmbH, expanding its European customer care services.Says transaction is expected to close following the completion of customary closing conditions.  Full Article

Strike ends at Xerox Corp's French subsidiary-Agence France Presse
Tuesday, 10 Dec 2013 11:10am EST 

Xerox Corp:Repair technicians at Xerox Corp's French subsidiary have called a halt to an eight-day strike over proposals to fit their vehicles with geolocation devices-Agence France Presse.A trade union source told Agence France Presse that the company had assured unions that it had acquired an additional solution which destroys personal data transmitted by GPS trackers.Workers had also been striking over a proposal to introduce bonuses based on individual rather than team performance and because their salaries have been frozen for two years.According to the trade union source, the company has assured them there will be a salary review in 2014 and that the introduction of individual bonuses will be postponed until 2015.  Full Article

Xerox Corp's French subsidiary faces strike action-Agence France Presse
Tuesday, 3 Dec 2013 07:00pm EST 

Xerox Corp:Repair technicians at Xerox Corp's French subsidiary started an indefinite strike on Dec. 2-Agence France Presse.The technicians are striking because of a plan to fit their vehicles with geolocation devices, which they believe will mean they are constantly tracked.Trade unions put the rate of participation in the strike at 76 percent, while the company's management put the figure at 65 percent.A representative of the CFDT union said that the workers were also striking because the management want to introduce bonuses based on individual rather than team performance and because their salaries have been frozen for two years.  Full Article

Xerox Corp Issues FY 2014 EPS Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 EPS Guidance
Tuesday, 12 Nov 2013 07:30am EST 

Xerox Corp announced that for fiscal 2014, it expects GAAP earnings per share (EPS)to be in the range of $0.93 to $0.99 and Adjusted EPS to be $1.10 to $1.16. For fiscal 2013, expectations remain unchanged with GAAP EPS from continuing operations to be in the range of $0.93 to $0.95, and adjusted EPS of $1.08 to $1.10. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.14 for fiscal 2014; EPS of $1.09 for fiscal 2013.  Full Article

Xerox Corp Issues Q4 2013 EPS Guidance; Lowers FY 2013 EPS Guidance
Thursday, 24 Oct 2013 06:54am EDT 

Xerox Corp announced that fourth quarter of 2013, it expects GAAP earnings from continuing operations of $0.24 to $0.26 per share (EPS) and adjusted EPS of $0.28 to $0.30. The Company's guidance includes approximately $0.02 per share of restructuring charges and $0.02 from higher pension settlement expenses. For fiscal 2013, it expects GAAP EPS from continuing operations in the range of $0.93 to $0.95 and adjusted EPS of $1.08 to $1.10. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.12 for fiscal 2013.  Full Article

Xerox Corp Secures U.S. Navy Office Equipment Deal
Wednesday, 23 Oct 2013 10:00am EDT 

Xerox Corp announced that continuing a long-term relationship, the U.S. Navy has awarded Xerox a ten-year contract worth $94 million for the onboard document needs of its vessels worldwide. The Navy will look to Xerox for the installation, training and supplies procurement of the multifunction printers (MFPs) and production devices across its fleet. Eighteen Xerox technicians will be deployed with the ships to provide onboard document management services and support.  Full Article

Xerox Corp Declares Dividend on Common and Preferred Stock
Wednesday, 16 Oct 2013 04:21pm EDT 

Xerox Corp announced that its board of directors declared a quarterly cash dividend of $0.0575 per share on Xerox common stock. The dividend is payable on January 31, 2014 to shareholders of record on December 31, 2013. 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, 2014 to shareholders of record on December 15, 2013.  Full Article

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Xerox cuts profit forecast again as revenue slide continues

- Xerox Corp , which has been shifting its focus to IT services from making printers and copiers, cut its profit forecast for 2015 for the second time after reporting its sixth-consecutive drop in quarterly revenue.

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