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Xerox Corp (XRX.N)

XRX.N on New York Stock Exchange

32.64USD
22 Jan 2018
Change (% chg)

$0.84 (+2.64%)
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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

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Icahn, Deason join forces to demand Xerox explore options

Hedge fund managers Carl Icahn and Darwin Deason joined forces on Monday to push Xerox Corp to explore strategic options, oust its "old guard", including its CEO, and negotiate better terms for its decades-long deal with Japan's Fujifilm.