Xerox Corp. (XRX) Tops Q4 EPS by 4c; Will Separate into Two, Publicly-Traded Companies

Xerox Reports Fourth-Quarter 2015 Earnings

Delivers GAAP EPS of 27 cents, adjusted EPS of 32 cents and sequential increase in operating margin to 9.2% Generates strong cash flow of $878 million in the quarter, $1.6 billion full-year Services segment delivers revenue of $2.6 billion and double-digit growth in signings in the quarter Document Technology continues to deliver strong operating margin and remains the industry equipment share revenue leader Announces annual cash dividend increase of 11% to 31 cents per share Announces full-year 2016 guidance of $0.66 to $0.76 in GAAP EPS and $1.10 to $1.20... More

Xerox to Separate into Two Market-Leading Public Companies Following Completion of Comprehensive Structural Review

Transaction to create $11 billion Document Technology company and $7 billion Business Process Outsourcing company in tax free structure Separation, expected to be complete by end of 2016, will maximize return to shareholders and align with current market dynamics Announces strategic transformation program anticipated to deliver $2.4 billion in savings over next 3 years across both companies

NORWALK, Conn.--(BUSINESS WIRE)--... More

Xerox and Carl Icahn Announce Agreement

NORWALK, Conn.--(BUSINESS WIRE)-- Xerox (NYSE: XRX) and Carl C. Icahn announced today that they have entered into an agreement related to the governance of the Business Process Outsourcing (BPO) company that will be created as a result of the planned separation of Xerox into two independent, publicly-traded companies, which was announced earlier today.

Under the agreement, when the... More