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The Latest Breaking News from Xerox

Xerox Names COO Steve Bandrowczak As Interim CEO After John Visentin Dies Due To Ongoing Illness

Xerox Holdings Corp (NASDAQ:XRX) CEO John Visentin abruptly passed away on June 29 due to complications from an ongoing illness. Since joining Xerox in May 2018, John has been known for his "One Boat, One Team" call to action and mentality. COO Steve Bandrowczak will serve as interim CEO. Xerox registered a first-quarter FY22 sales…

Executives Buy Around $65M Of 3 Stocks

Executives Buy Around $65M Of 3 Stocks

Although US stocks closed higher on Monday, there were a few notable insider trades.

Why Are Xerox Shares Plunging Today

Why Are Xerox Shares Plunging Today

Xerox Holdings Corp (NASDAQ:XRX) reported a first-quarter FY22 sales decline of 2.5% year-on-year to $1.67 billion, beating the consensus of $1.64 billion. Equipment sales declined 17.6%, while Post sale revenue improved 1.9%. Sales in the Americas declined 0.5% Y/Y, and EMEA fell 5.6%. Gross margin contracted 390 basis points Y/Y to 31.8%. The…

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Lessons For Elon Musk: 5 Notorious Failed Hostile Takeovers

As any student of industry knows, Elon Musk is hardly the first person to attempt a hostile takeover.

Michael Hiltzik: Is this the beginning of Facebook's downfall?

If there's a single immutable law in human biology, it's that no one lives forever. The same goes for corporations.

Los Angeles Times

Xerox Registers 7.9% Revenue Decline In Q4; Sees Top-Line Growth In FY22

Xerox Holdings Corp (NASDAQ:XRX) reported a fourth-quarter FY21 sales decline of 7.9% year-on-year, to $1.78 billion, missing the consensus of $1.82 billion. Adjusted EPS of $0.34 beat the consensus of $0.33. Equipment sales declined 24.7% Y/Y, while Post sale revenue decreased 1.9% Y/Y. Sales in the Americas declined 9.3% Y/Y, and EMEA decreased…

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