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Last $11.77 USD
Change Today +0.25 / 2.17%
Volume 10.6M
XRX On Other Exchanges
Symbol
Exchange
New York
Sao Paulo
Frankfurt
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

xerox corp (XRX) Snapshot

Open
$11.55
Previous Close
$11.52
Day High
$11.83
Day Low
$11.52
52 Week High
12/8/14 - $14.36
52 Week Low
04/30/15 - $11.28
Market Cap
13.0B
Average Volume 10 Days
17.1M
EPS TTM
$0.92
Shares Outstanding
1.1B
EX-Date
03/27/15
P/E TM
12.8x
Dividend
$0.28
Dividend Yield
2.19%
Current Stock Chart for XEROX CORP (XRX)

xerox corp (XRX) Details

Xerox Corporation provides business process and document management solutions worldwide. The company’s Services segment offers various business process outsourcing services, such as customer care, transaction processing, human resources, communication and marketing, and consulting and analytics services, as well as finance, accounting, and procurement services. This segment also provides business process outsourcing services in the healthcare, transportation, financial services, retail, and telecommunications areas; and document outsourcing services, including managed and centralized print services. Its Document Technology segment offers desktop monochrome and color printers, multifunction printers, copiers, digital printing presses, and light production devices; and production printing and publishing systems for the graphic communications marketplace and large enterprises. The company’s Other segment sells paper, wide-format systems, global imaging systems network integration solutions, and electronic presentation systems. Xerox Corporation sells its products and services directly to its customers; and through its sales force, as well as through a network of independent agents, dealers, value-added resellers, systems integrators, and the Web. The company was founded in 1906 and is headquartered in Norwalk, Connecticut.

135,800 Employees
Last Reported Date: 05/1/15
Founded in 1906

xerox corp (XRX) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.0M
Executive Vice President and President of Cor...
Total Annual Compensation: $714.0K
Corporate Executive Vice President and Presid...
Total Annual Compensation: $662.5K
Executive Vice President and President of Xer...
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2014.

xerox corp (XRX) Key Developments

Xerox Corp. Plans to Cut Webster Trucking Jobs

Xerox Corp. plans to eliminate close to three dozen unionized trucking and loading dock jobs at its Webster campus in coming weeks. The company filed a Worker Adjustment and Retraining Notification Act warning with the state Labor Department indicating it planned to eliminate 35 trucking and dock operations positions. The layoffs are to be done by the end of July. According to Xerox, the jobs are represented by Local 14A of the Rochester Regional Joint Board.

Bruce Jones Joins Xerox as Group President of Financial Services Business

Xerox announced the appointment of Bruce W. Jones as group president of its Financial Services Business. Reporting to Bob Zapfel, president of Xerox Services, Jones will lead Xerox's global financial services industry business group, which serves clients in the banking and capital markets, professional services and insurance industries.

Xerox Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revises Earnings Guidance for the Full Year of 2015

Xerox Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income attributable to the company of $225 million or $0.19 per diluted share on total revenues of $4,469 million compared to net income attributable to the company of $281 million or $0.23 per basic and diluted share on total revenues of $4,771 million a year ago. Income before income taxes and equity income was $201 million compared to $271 million a year ago. Income from continuing operations was $196 million compared to $271 million a year ago. Net income from continuing operations attributable to the company was $191 million or $0.16 per diluted share compared to $266 million or $0.22 per basic and diluted share a year ago. Net cash provided by operating activities was $113 million compared to $286 million a year ago. Cost of additions to land, buildings and equipment was $75 million compared to $84 million a year ago. Decrease in operating cash from first quarter 2014 was primarily due to: $79 million decrease in pre-tax income before depreciation and amortization, gain on sales of businesses and assets and restructuring; $66 million decrease primarily due to the timing of purchases, the impact from lower than expected sales volume in certain product lines and post sale consumables, as well as higher levels of in transit inventory; $48 million decrease from accounts receivable primarily due to the timing of collections; $25 million decrease from accounts payable and accrued compensation primarily related to the timing of accounts payable payments; $30 million increase from finance receivables primarily related to a lower impact from prior period sales of receivables; $14 million increase from lower spending from product software and up-front costs. Adjusted net income was $239 million or $0.21 per diluted share compared to $314 million or $0.26 per basic and diluted share a year ago. Adjusted pre-tax income was $278 million compared to $348 million o a year ago. Adjusted operating profit was $338 million compared to $413 million o a year ago. Adjusted net income from continuing operations available to common shareholders was $185 million compared to $260 million a year ago. Adjusted net income available to common shareholders was $219 million compared to $275 million a year ago. Investing cash flows were a $98 million use, including $95 million spent on capex in the quarter and $28 million on acquisitions. The company revised earnings guidance for 2015. For the year, the company expects GAAP EPS from continuing operations $0.77 to $0.83 against $0.83 to $0.89 expected earlier. Adjusted EPS is expected to be $0.95 to $1.01 against $1.00 to $1.06 expected earlier. The company continues to expect cash flow from operations of $1.7 billion to $1.9 billion and free cash flow from operations of $1.3 billion to $1.5 billion. The company continues to expect to use its strong free cash flow and anticipated proceeds from the pending ITO divestiture to repurchase up to $1 billion in shares this year, return approximately $300 million to shareholders in dividends, and to spend up to $900 million on acquisitions. Total company revenue now expected to be down about 1 point year-over-year. The company provided earnings guidance for the second-quarter 2015. For the second-quarter 2015, the company expects GAAP earnings of 17 cents per share to 19 cents per share and adjusted EPS of 21 cents per share to 23 cents per share.

 

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Price/Sales 0.7x
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