What is Xerox Corp. (NYSE: XRX) Up to Now?

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By Erik Waters on November 11, 2014 Company

Xerox Corp. (NYSE: XRX) is the leader in document management and offering their services globally. They are currently serving 180 countries and generating more than $20 billion in annual revenue.

For years, Xerox Corp. (NYSE: XRX) has provided business with IT outsourcing support and the latest technology in software.

The service, expertise and technology offered by Xerox Corp. (NYSE: XRX) allows small and large business to operate globally and to simplify work. The main purpose of Xerox Corp. (NYSE: XRX) is to help businesses run more effectively.

The success of Xerox is through their customer satisfaction, as they are known to deliver quality service on a consistent basis.

Through innovation, earning expansion and a diversified portfolio, Xerox Corp. (NYSE: XRX) plans to deliver a long term value for its shareholders.

In today’s press releases, the company said that the GAAP earnings for 2015 are expected to be between 93 and 99 cents and adjusted earnings are expected to range between $1.11 and $1.17 per share.

Xerox Corp. (NYSE: XRX) expects an operating cash flow of approximately $2 billion in the year 2015. In addition, the company plans to allocate a minimum of $500 million for stock buybacks. They anticipate spending close to $500 million on acquisitions and close to $300 million on dividends.

The board of directors at Xerox Corp. (NYSE: XRX) has already approved at $1.5 billion increase in the current repurchase plan of corporate shares.

One may speculate that Xerox Corp. (NYSE: XRX) is looking to downsize their employee count, which is currently more than 144,000. Historically, restructuring costs are usually excluded from adjusted earnings. Of course there are other possibilities, but cutting jobs is one way to quickly boost prices of share and to keep investors happy by offering higher earnings.

Xerox Corp. (NYSE: XRX) serves Fortune 1000 companies as well as educational intuitions, government agencies and businesses relating to finance, healthcare, insurance and travel. They were founded in 1906 and currently have their headquarters based in Norwalk, CT.

Some of the latest innovations that Xerox Corp. (NYSE: XRX) is getting involved in is the acquisition of Consilience Software Inc. who are a top healthcare software provider. Also, Xerox Corp. (NYSE: XRX) has unveiled JUVO, which is a platform that will help hospitals to analyze and keep track of clinical care.

Xerox Corp. (NYSE: XRX) is connecting their MPS (Managed Print Services) with their IT outsourcing and business processing capabilities to offer the next phase in automated workflow technology.

Digital Alternatives, a product of Xerox Corp. (NYSE: XRX), is a mobile technology that will help reduce the printing of paper in an office and it will allow users to easily read, save, annotate and sign documentation.

Xerox Corp. (NYSE: XRX) opened the market today at 13.40 and at 12:00 pm eastern standard daylight time, it is holding at 13.49. The market capital is 15.41B and the 52 week range is between 10.20 and 14.15. Institutional ownership is at 85%.