Investor Relations - Xerox Newsroom

Xerox (NYSE: XRX), the company built on innovating the way the world works, is leading another workplace revolution – today launching 29 ConnectKey^®-enabled printers and multifunction devices with simple and secure on-the-go capabilities, cloud connectivity, and access to productivity boosting features and apps.

The new ConnectKey portfolio transforms traditional printing devices into smart, connected workplace assistants that reflect the evolving needs of today’s businesses. Personalized workflows, one-touch access to the cloud and multi-layered security features are the new print, copy and fax.

The family of products includes a variety of sizes, speeds and capabilities to match the needs of small- and medium-sized businesses as well as large enterprises, with a consistent user experience across the portfolio.

“We understand the changes that are occurring in the workplace,” said Jeff Jacobson, chief executive officer, Xerox. “The process of getting work done has moved from the desktop to your pocket. It’s very personal, and we’ve built a portfolio of true workplace assistants tightly connected to the mobile and cloud technology environment that accommodates this evolution.”

The new products will be identified as the Xerox VersaLink^® and Xerox AltaLink^® series. The VersaLink devices are designed for small workgroups and distributed teams, and include 19 printers and multifunction printers (MFPs). The AltaLink series includes 10 MFPs designed for larger workgroups or print volume needs. Key attributes include:

Streamlined business processes – Off-the-shelf or created by channel partners, built-in apps from the Xerox App Gallery help organizations create workflows tailored to their specific operations. For example, patient records filing, real estate contract management and retail invoicing can be streamlined into fewer, faster steps using digital workflows enabled right from the device.
Industry-leading intuitive user experience – Benefiting from years of Xerox research in this area, all 29 products share a similar, customizable user interface, which is unique to Xerox workplace solutions and allows the user experience to move with you. The tablet-like touch screen interface can be personalized for different work environments or individual users.
Mobile and cloud ready – Information flows easily from the device to cloud repositories like Dropbox, Office 365 or Google Drive. Mobile workers can print wirelessly from any computing device.
Total security for both the device and your information – ConnectKey technology ensures comprehensive safety for system components and points of vulnerability. It offers protection from unauthorized access to devices; keeps confidential communications and information safe with encryption and image overwrite; audits device access attempts and protects both data and device from malicious intent.

By working with industry leaders in network security, ConnectKey-enabled devices offer added security – ensuring they are monitored and trusted in even the most security-conscious environments. AltaLink MFPs feature an added layer of security through our partnership with McAfee.

User proof point: Xerox ConnectKey a win for global manufacturer
CLIMAX is a global portable manufacturing company that offers on-site machining, welding and valve testing to its customers in the oil and gas, mining, heavy construction, power generation, shipbuilding and transportation industries. The company turned to the new Xerox devices because its employees need simple, secure and often on-the-go access to digital files for printing, sharing and storing.

“Xerox’s VersaLink C405 devices fit perfectly in our highly-secure, highly-mobile work environment,” said David Richardson, network administrator, CLIMAX. “Our engineers only work on the most complex manufacturing and repair jobs, so it’s critical that our workflows are as streamlined as possible.”

Availability
The 29 Xerox AltaLink and Xerox VersaLink devices are available worldwide in the second quarter.

About Xerox
Xerox Corporation is an $11 billion technology leader that innovates the way the world communicates, connects and works. Our expertise is more important than ever as customers of all sizes look to improve productivity, maximize profitability and increase satisfaction. We do this for small and mid-size businesses, large enterprises, governments, graphic communications providers, and for our partners who serve them.

We understand what’s at the heart of work – and all of the forms it can take. We embrace the increasingly complex world of paper and digital. Office and mobile. Personal and social. Every day across the globe – in more than 160 countries – our technology, software and people successfully navigate those intersections. We automate, personalize, package, analyze and secure information to keep our customers moving at an accelerated pace.

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Xerox Declares Dividend on Common and Preferred Stock

Fri, 24 Feb 2017 19:07:00 GMT

Xerox's (NYSE: XRX) board of directors today declared a quarterly cash dividend of 6.25 cents per share on Xerox common stock. The dividend is payable on April 28, 2017 to shareholders of record on March 31, 2017.

The board also declared a quarterly cash dividend of $20 per share on Xerox Series B Convertible Perpetual Preferred Stock. The dividend is payable on April 1, 2017 to shareholders of record on March 15, 2017.

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Xerox Reports Third-Quarter 2016 Earnings

Fri, 28 Oct 2016 10:45:00 GMT

News Release Related Earnings Documents Webcast and Multimedia

Xerox Reports Third-Quarter 2016 Earnings

(PDF, 484KB)

8K Filing

Xerox Q3 2016 Earnings Presentation

(PDF, 680KB)

Xerox Q3 2016 Earnings Non-GAAP Measures

(PDF, 744KB)

Xerox Q3 2016 Financial Model

(PDF, 159KB)

Xerox Q3 2016 Earnings Summary

(PDF, 202KB)

Audio Replay: Conference Call

Q3 2016 Conference Call Transcript

www.XeroxPathForward.com

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Conduent to Trade on New York Stock Exchange Following Separation from Xerox

Mon, 03 Oct 2016 10:30:00 GMT

Following the separation of Xerox (NYSE: XRX) into two companies, Conduent Incorporated, the new business process services company, will trade on the New York Stock Exchange (NYSE) under the symbol CNDT. Xerox will continue to trade on the NYSE as XRX.

“Our separation into Xerox and Conduent will create two independent, Fortune 500-scale, publicly traded companies with distinct and compelling investment propositions and differentiated financial profiles, growth drivers and business prospects,” said Ashok Vemuri, recently appointed CEO of Conduent. “The New York Stock Exchange has long provided the premiere venue for the world’s best companies to drive shareholder value. We believe this is the best exchange for each of these industry leaders to build its long-term shareholder base.”

“We’re delighted to welcome Conduent to the NYSE’s community of esteemed companies and thank Xerox, an iconic global leader, for its continued listing since 1961,” said Tom Farley, President, NYSE Group. “The NYSE is pleased to be the listing venue for Xerox and Conduent, and we look forward to delivering the superior market quality, global visibility and best-in-class issuer services that are associated with the NYSE’s proven model and value proposition.”

The company expects to complete its separation by year-end 2016. At the separation, Xerox shareholders will own all stock in both companies. The separation of Xerox and Conduent is intended to be tax-free to Xerox shareholders for U.S. Federal income tax purposes. The transaction is subject to final approval by Xerox’s board of directors, among other conditions.

With approximately $7 billion in 2015 revenue and 93,000 employees worldwide, Conduent will be a Fortune 500 scale business process services company with expertise in transaction-intensive processing, analytics and automation. Conduent’s differentiated offerings touch millions of lives, including two-thirds of all insured patients in the U.S. and more than half of all mobile phone subscribers in the U.S.

Following the separation, Xerox will continue to be a trusted partner to its customers, helping them improve productivity, workflow and business performance through its deep understanding of how, why and where people work. With approximately $11 billion in 2015 revenue, Xerox will be well positioned to build on its long-standing global leadership positions and pursue select growth opportunities with a focus on operational excellence, cost discipline, technology and innovation.

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Xerox Adds New Director to its Board

Mon, 27 Jun 2016 20:30:00 GMT

Xerox (NYSE: XRX) and Carl C. Icahn announced today that they have entered into an agreement under which Jonathan Christodoro has been appointed to the Xerox board of directors effective immediately. Mr. Christodoro will also join the board’s corporate governance committee and finance committee. With the addition, the Xerox board is now comprised of nine directors. Additional details regarding the agreement will be included in a Form 8-K to be filed by Xerox later today.

Jonathan Christodoro is Managing Director of Icahn Capital LP, a subsidiary of Icahn Enterprises L.P., Xerox’s largest shareholder. He currently serves as a director on the boards of American Railcar Industries, Inc., Cheniere Energy, Inc., Enzon Pharmaceuticals, Inc., Herbalife Ltd., Lyft Inc., and PayPal Holdings, Inc.

On January 29, 2016, Xerox announced its plans to separate into two independent, publicly traded companies – Xerox Corporation, which will be comprised of the company’s Document Technology and Document Outsourcing businesses, and Conduent Incorporated, a business process services company. The company is on track to complete the separation by the end of 2016.

Forward-Looking Statements
This release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “should” and similar expressions, as they relate to us, are intended to identify forward-looking statements. These statements reflect management’s current beliefs, assumptions and expectations and are subject to a number of factors that may cause actual results to differ materially. Such factors include but are not limited to: changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters in the United States and in the foreign countries in which we do business; changes in foreign currency exchange rates; our ability to successfully develop new products, technologies and service offerings and to protect our intellectual property rights; the risk that multi-year contracts with governmental entities could be terminated prior to the end of the contract term and that civil or criminal penalties and administrative sanctions could be imposed on us if we fail to comply with the terms of such contracts and applicable law; the risk that our bids do not accurately estimate the resources and costs required to implement and service very complex, multi-year governmental and commercial contracts, often in advance of the final determination of the full scope and design of such contracts or as a result of the scope of such contracts being changed during the life of such contracts; the risk that subcontractors, software vendors and utility and network providers will not perform in a timely, quality manner; service interruptions; actions of competitors and our ability to promptly and effectively react to changing technologies and customer expectations; our ability to obtain adequate pricing for our products and services and to maintain and improve cost efficiency of operations, including savings from restructuring actions and the relocation of our service delivery centers; the risk that individually identifiable information of customers, clients and employees could be inadvertently disclosed or disclosed as a result of a breach of our security systems; the risk in the hiring and retention of qualified personnel; the risk that unexpected costs will be incurred; our ability to recover capital investments; the risk that our Services business could be adversely affected if we are unsuccessful in managing the start-up of new contracts; the collectability of our receivables for unbilled services associated with very large, multi-year contracts; reliance on third parties, including subcontractors, for manufacturing of products and provision of services; our ability to expand equipment placements; interest rates, cost of borrowing and access to credit markets; the risk that our products may not comply with applicable worldwide regulatory requirements, particularly environmental regulations and directives; the outcome of litigation and regulatory proceedings to which we may be a party; the possibility that the proposed separation of the Business Process Outsourcing (BPO) business from the Document Technology and Document Outsourcing business will not be consummated within the anticipated time period or at all, including as the result of regulatory, market or other factors; the potential for disruption to our business in connection with the proposed separation; the potential that BPO and Document Technology and Document Outsourcing do not realize all of the expected benefits of the separation; and other factors that are set forth in the “Risk Factors” section, the “Legal Proceedings” section, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section and other sections of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2016 and our 2015 Annual Report on Form 10-K filed with the Securities and Exchange Commission. Xerox assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law.

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Xerox Announces New Business Process Outsourcing Company Will Be Named “Conduent Inc."

Thu, 16 Jun 2016 13:00:00 GMT

Xerox (NYSE: XRX) today announced the names of the new companies that will be created following the completion of its separation into two publicly traded companies. The Business Process Outsourcing company will be named “Conduent Inc.” and the Document Technology company will continue to be called Xerox Corporation.

Conduent
The name Conduent is inspired by the new company’s expertise in connecting clients and their constituents through seamless transactions at massive scale in areas such as customer care, transportation solutions, and healthcare payer and provider services. Conduent reflects the company’s position as a partner to businesses and governments, delivering experiences that drive satisfaction and retention among consumers, patients, commuters and employees.

“Conduent will begin its next chapter as a standalone company with a name that conveys the vital business we conduct every day,” said Ursula Burns, chairman and chief executive officer of Xerox. “Conduent is well-positioned to build on its strong heritage as a leader in business process services and will carry forward the values and culture of innovation, diversity and integrity from Xerox.”

With approximately $7 billion in 2015 revenue and 96,000 employees worldwide, Conduent will be a Fortune 500 scale business process services company with expertise in transaction-intensive processing, analytics and automation. Conduent’s differentiated offerings touch millions of lives, including two-thirds of all insured patients in the U.S. and more than half of all mobile phone subscribers in the U.S. It will have the second-largest market share in the business process outsourcing industry.

Xerox
The company also announced that the Document Technology company will retain the Xerox brand name, which is known globally for revolutionizing the way the world communicates – originally through copying, now through digital technology, software and services.

“With unparalleled brand equity in printing and imaging, there is no better name for our document technology and document outsourcing businesses than Xerox. Building on its deep understanding of how the world works, communicates and shares content, the new Xerox will continue to help clients improve their workflow, productivity, and business performance, no matter where they are on their digital journey,” said Burns.

With approximately $11 billion in 2015 revenue and approximately 39,000 employees, Xerox will be a Fortune 500 scale company with a diverse portfolio of hardware, software and services supporting governments and commercial enterprises from small to large. It will continue to be a global leader across document and content technology and applications, managed print services and workflow solutions.

About Xerox
Xerox is helping change the way the world works. By applying our expertise in imaging, business process, analytics, automation and user-centric insights, we engineer the flow of work to provide greater productivity, efficiency and personalization. Our employees create meaningful innovations and provide business process services, printing equipment, software and solutions that make a real difference for our clients and their customers in a 180 countries. On January 29, 2016, Xerox announced that it plans to separate into two independent, publicly-traded companies: a business process outsourcing company and a document technology company. Xerox expects to complete the separation by year-end 2016.

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