Last $12.55 USD
Change Today -0.23 / -1.80%
Volume 11.1M
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As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

xerox corp (XRX) Snapshot

Open
$12.60
Previous Close
$12.78
Day High
$12.81
Day Low
$12.39
52 Week High
09/4/14 - $14.15
52 Week Low
10/25/13 - $9.59
Market Cap
14.5B
Average Volume 10 Days
12.7M
EPS TTM
$1.00
Shares Outstanding
1.2B
EX-Date
12/29/14
P/E TM
12.5x
Dividend
$0.25
Dividend Yield
1.95%
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, including administrative and care management solutions to state Medicaid programs and federally-funded government healthcare programs; healthcare payer and pharmaceutical services; healthcare provider solutions for hospitals, doctors, and other care providers; human resources services; finance, accounting, and procurement services; customer care services; technology-based transactional services for retail, travel, and non-healthcare insurance companies; and communication and marketing services, as well as government and transportation services. It also provides information technology outsourcing services comprising managed IT services consisting of administration, database administration, systems monitoring, batch processing, data backup, network and infrastructure management, and capacity planning; end-user computing services to manage platforms and devices; and IT solutions covering cloud, utility computing, desktop virtualization, and other solutions. In addition, this segment offers document outsourcing services, such as managed and centralized print services. The company’s Document Technology segment provides 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, as well as toners, inks, and Xerox replacement cartridges. Its Other segment sells paper, wide-format systems, network integration solutions, and electronic presentation systems. The company sells its products and services through its sales force, as well as through a network of independent agents, dealers, value-added resellers, systems integrators, and the Web. Xerox Corporation was founded in 1906 and is headquartered in Norwalk, Connecticut.

143,100 Employees
Last Reported Date: 02/21/14
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: $766.7K
Executive Vice President and President of Cor...
Total Annual Compensation: $714.0K
Corporate Executive Vice President
Total Annual Compensation: $716.6K
Vice President of Finance and Corporate Contr...
Total Annual Compensation: $363.0K
Compensation as of Fiscal Year 2013.

xerox corp (XRX) Key Developments

Xerox Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Xerox Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income attributable to the company of $266 million or $0.22 per diluted share on total revenues of $5,120 million compared to net income attributable to the company of $286 million or $0.22 per diluted share on total revenues of $5,235 million a year ago. Income before income taxes and equity income was $300 million compared to $334 million a year ago. Income from continuing operations was $273 million compared to $292 million a year ago. Net income was $272 million compared to $291 million a year ago. Net income from continuing operations was $267 million or $0.22 per diluted share compared to $287 million or $0.22 per diluted share a year ago. Net cash provided by operating activities was $595 million compared to $961 million a year ago. Cost of additions to land, buildings and equipment was $91 million compared to $84 million a year ago. Third-quarter 2014 adjusted earnings per share was 27 cents. Third quarter 2014 total revenues decreased 2% as compared to third quarter 2013, with no impact from currency. The decline in Revenue was primarily driven by lower sales in entry products due to product launch timing and overall price declines that were within the historical range of 5% to 10%. On an adjusted basis, net income from continuing operations attributable to the company was $320 million, or $0.27 per diluted share. Third quarter 2014 adjustments to net income reflect the amortization of intangible assets. On an adjusted basis, net income from continuing operations attributable to the company was $339 million or $0.26 per diluted share for the third quarter of 2013. Third quarter 2013 adjustments to net income reflect the amortization of intangible assets. As expected, cash flow in the quarter was lower than prior year, due to the positive impact of $316 million last year from the finance receivable sales, versus a net negative impact of $102 million this year, due to the loss of collections from previous sales. The company spent $112 million on CapEx. For the nine months period, the company reported net income attributable to the company of $813 million or $0.67 per diluted share on total revenues of $15,500 million compared to net income attributable to the company of $853 million or $0.67 per diluted share on total revenues of $15,793 million a year ago. Income before income taxes and equity income was $916 million compared to $967 million a year ago. Income from continuing operations was $833 million compared to $890 million a year ago. Net income was $830 million compared to $868 million a year ago. Net income from continuing operations was $816 million or $0.68 per diluted share compared to $875 million or $0.68 per diluted share a year ago. Net cash provided by operating activities was $1,206 million compared to $1,407 million a year ago. Cost of additions to land, buildings and equipment was $277 million compared to $253 million a year ago. For the fourth-quarter, the company expects 2014 GAAP earnings per share to be 26 to 28 cents per share. Fourth-quarter adjusted EPS is expected to be 30 to 32 cents. Excluding the effects of intangibles amortization, the company anticipates effective tax rate for fourth quarter 2014 will be approximately 23% to 27%. GAAP and adjusted EPS guidance includes anticipated restructuring. The company expects full-year 2014 GAAP earnings per share of 93 to 95 cents and full-year adjusted EPS of $1.11 to $1.13. Excluding the effects of intangibles amortization, the company anticipates effective tax rate for the full year will be approximately 24% to 26%. The company’s full year cash flow guidance of $1.8 billion to $2 billion of operating cash flow, which equates to $1.3 billion to $1.5 billion of free cash flow.

Allegion plc Selects Xerox to Support its Infrastructure as Part of Five-Year Agreement

Allegion plc selected Xerox to support the company's IT infrastructure as part of a five-year agreement. Xerox will support Allegion's infrastructure by managing IT services 24/7, allowing Allegion to continue keeping people safe wherever they live, work or visit through their core offerings of security products and services. Allegion's information will be hosted in a Xerox's global data centers, providing resiliency to Allegion's business. Xerox's managed network services will continuously monitor the company's network, providing a swift response to issues with capacity, load balancing and security. Xerox will also integrate Allegion's chosen Information Technology Service Management (ITSM) software with Xerox's service desk solution, as well as provide cloud and disaster recovery services.

Xerox Declares Quarterly Cash Dividend on Common and Preferred Stock, Payable on January 1, 2015

Xerox's board of directors declared a quarterly cash dividend of 6.25 cents per share on Xerox common stock. The dividend is payable on January 31, 2015 to shareholders of record on December 31, 2014. The board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock. The dividend is payable on January 1, 2015 to shareholders of record on December 15, 2014.

 

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