US98421M1062 - Common Stock
XEROX HOLDINGS CORP
NASDAQ:XRX (4/25/2024, 7:26:33 PM)
After market: 14.18 0 (0%)14.18
-0.2 (-1.39%)
Xerox Holdings Corp. is a workplace technology company, which builds and integrates software and hardware for enterprises. The company is headquartered in Norwalk, Connecticut and currently employs 20,100 full-time employees. The company has developed the copier, the Ethernet, the laser printer and more. The firm has capabilities in artificial intelligence (AI), augmented reality (AR) driven service experiences, robotic process automation (RPA), sensors and services for Internet of Things (IoT), three-dimensional (3D) printing and Clean Technologies (clean tech). The Company’s segments include Workplace Solutions which is made up of two strategic product groups, Entry and Mid-Range, which share common technology, manufacturing and product platforms; Production Solutions are designed for customers in graphic communications, in-plant and production print environments with high-volume printing requirements; Xerox Services includes a continuum of solutions and services that helps its customers; and FITTLE is engaged in financing for direct channel customer purchases of Xerox equipment.
XEROX HOLDINGS CORP
201 Merritt 7
Norwalk CONNECTICUT 06851
P: 12038495216
CEO: Giovanni Visentin
Employees: 20100
Website: https://www.news.xerox.com/investors
Xerox, Precision Drilling, and Alphabet are three cash flow stocks with strong metrics, positioned as leaders in generating value.
Xerox Holdings Corp (NASDAQ: XRX) reported a fiscal first-quarter 2024 sales decline of 12.4% year-on-year to $1.50 billion, missing the consensus of $1.53 billion. Revenues declined 13.2% at constant currency. Adjusted EPS of $0.06 missed the analyst consensus of $0.35. The stock price declined after the print. Equipment sales decreased by 25.8%, while post-sale revenue declined by 8.5%. Gross margin declined 480 basis points Y/Y to 29.5%. The equipment margin fell by 550 bps to 31.0%. The post
Xerox struggles with an earnings miss amid ambitious cost-cutting. What's next for the printing and documents management company?
Xerox struggles with an earnings miss amid ambitious cost-cutting. What's next for the printing and documents management company?
XRX stock results show that Xerox Holdings missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
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