Xerox Corp (XRX)
18 Dec 2014
|Market Cap (Mil.):||$15,365.34|
|Shares Outstanding (Mil.):||1,141.56|
(Corrects second paragraph to remove ranking of IT outsourcing business within Xerox, adds dropped word "ended"; in last paragraph adds dropped word "adjusted")
* Xerox says for q4 2014, Xerox expects GAAP earnings per share from continuing operations of $0.24 - $0.26
* Xerox to sell information technology outsourcing business to Atos for $1.05 billion
- Xerox Corp said it agreed to sell its IT outsourcing (ITO) arm to French IT services firm Atos SE for $1.05 billion.
Dec 18 - Xerox Corp said it agreed to sell its IT outsourcing (ITO) arm to French IT services firm Atos SE for $1.05 billion.
(The following statement was released by the rating agency) CHICAGO, December 03 (Fitch) Fitch Ratings has affirmed the ratings for Xerox Corp. (Xerox) and its wholly-owned subsidiary, Affiliated Computer Services, Inc. (ACS), including the long-term Issuer Default Rating (IDR) at 'BBB'. The Rating Outlook is Stable. Fitch's actions affect $9.8 billion of debt, including Xerox's undrawn $2 billion revolving credit facility (RCF). KEY RATING DRIVERS Xerox's ratings and Stable Outlook reflect:
- Xerox Corp reported a 2 percent fall in third-quarter revenue due to tepid growth in its services business and slowing demand in the printing business.
Oct 22 - Xerox Corp reported a 2 percent fall in third-quarter revenue due to tepid growth in its services business and slowing demand in the printing business.
(Corrects company name in 1st paragraph to Xerox Corp from Xerox Inc. Previous version of the story was corrected to say company reported adjusted earnings of 27 cents per share, not 22 cents, and compare with analysts' estimate in paragraph 4)
(Corrects company name in 1st paragraph to Xerox Corp from Xerox Inc)
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