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Xerox Corp (XRX)

XRX on New York Consolidated

25 May 2017
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$-0.03 (-0.43%)
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Latest Key Developments (Source: Significant Developments)

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

U.S. Dept of Agriculture awards Xerox $110 mln contract
Tuesday, 11 Oct 2016 10:00am EDT 

Xerox Corp :U.S. Department of Agriculture has awarded Xerox a 10-year, $110 million contract for managed print services across all USDA agencies.  Full Article

Xerox says Brexit did not have a material impact for period ended June 30
Thursday, 4 Aug 2016 05:50pm EDT 

Xerox Corp : Says it anticipates financial market volatility related to brexit will likely continue into the future . Says brexit did not have a material impact on co's financial statements for period ended june 30, 2016 - sec filing .Says about 5 percent of co's total revenues are pound sterling-denominated, and about 15 percent are euro-denominated.  Full Article

Xerox Q2 adjusted earnings per share $0.30
Friday, 29 Jul 2016 06:50am EDT 

Xerox XRX.N> : During q2, xerox reported progress on its planned separation into two independent, publicly traded companies . Now expects to incur one-time separation costs of $175 to $200 million pre-tax, which is lower than its previous estimate of $200 to $250 million . Company expects dis-synergy costs of $40 to $50 million in 2017 . Sees q3 2016 adjusted earnings per share $0.26 to $0.28 . Sees q3 2016 gaap earnings per share $0.14 to $0.16 . Q2 revenue $4.4 billion versus i/b/e/s view $4.39 billion . Sees fy 2016 adjusted earnings per share $1.10 to $1.20 . Reaffirms fy 2016 gaap earnings per share view $0.45 to $0.55 . Q2 adjusted earnings per share $0.30 . Q2 gaap earnings per share $0.15 from continuing operations . Q2 earnings per share view $0.25 -- Thomson Reuters I/B/E/S . Q2 revenue from the company's services business was $2.5 billion, a decrease of 2 percent or 1 percent in constant currency . Today provided an update on estimated costs associated with separation . On track to realize approximately $700 million in annualized savings it targeted for 2016 . Estimated restructuring and related charges continue to be approximately $300 million for full-year 2016 . Tax-Related separation costs are estimated to be $40 to $50 million . Fy2016 earnings per share view $1.09, revenue view $17.53 billion -- Thomson Reuters I/B/E/S.  Full Article

Xerox sets quarterly cash dividend of $0.0775/shr
Wednesday, 20 Jul 2016 02:15pm EDT 

Xerox Corp : Sets quarterly cash dividend of $0.0775 per share .Also declared a quarterly cash dividend of $20 per share on Xerox series a convertible perpetual preferred stock.  Full Article

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