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Xerox Corp. engages in the integration of paper and digital products. It operates through the following segments: Document Technology, Services, and Other. Read More The Document Technology segment focuses on strategic products groups, which share common technology, manufacturing, and product platforms. The Services segment comprises solutions and services such as managed print services, workflow automation services, communication and marketing solutions, and revenues from partner print services offerings. The Other segment includes paper sales in its developing market countries, licensing revenues, global imaging system network integration solutions, and electronic presentation systems, and non-corporate items. The company was founded in 1906 and is headquartered in Norwalk, CT.
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Why Xerox (XRX) Intends to Sell Customer Financing Business?
Xerox Corporation XRX announced on Monday that it is exploring a potential deal for the customer financing business. The unit accounted for $3.4 billion or more than 65% of the company’s total debt in 2018 and contributed 4% to total revenues. The announcement comes on the heels of the company unveiling its plan to reorganize its structure as a wholly-owned subsidiary of a new holding company. The potential sale is part of Xerox’s efforts to streamline its operations, which it believes will help it achiev...
HCL Technologies wins $1.3 billion contract from Xerox
New Delhi: HCL Technologies Ltd expects to generate $1.3 billion in revenue over the next seven years from its contract with Xerox Corp.
Expected May 1, Pre-Market