This Week in Imaging: Latest Financial Round-Up: Lower Sales, Profits
This was a significant week in the office-imaging industry, with multiple vendors reporting lower sales and profits, and warning of a slowing economy.
Category: Xerox
Xerox Focusing on Growing Software, Services to Reverse Revenue Trajectory
Xerox expects that about a third of its XBS locations will begin offering IT services by the end of 2019.
Revenue Down but Net Income up for Xerox’s Second Quarter
Xerox stated that its Project Own It cost-cutting program contributed some $640 million of savings thus far in 2019.
Sentencing in Xerox Toner-Fraud Case
The losses for Xerox were at first estimated to be $24 million, but were ultimately decided to be about $9.5 million.
New Budget-Friendly A4 Models from Xerox with WiFi, Mobile Printing
Designed for budget-conscious small and home offices, Xerox today introduced three new lower-priced A4 models.
Moody’s Downgrades Clover Technologies’ Debt Rating
On July 11th, Moody’s Investors Service downgraded its ratings for 4L Technologies Inc., the parent company of Clover Technologies, to......
New Xerox Entry-Level Baltoro HF Inkjet Press Features HD ImageQuality
The firm says the Baltoro is the industry’s only entry-level cut-sheet press that provides automated intelligence and true HD image quality.
HP Inc. Discusses Newly Expanded HP-Xerox Partnership
“The differentiation between the two portfolios is going to stay fairly high.”
Former Xerox CEO Joins Siris
Jacobson will oversee Siris portfolio companies, which will likely include Electronics for Imaging.
Fujifilm Not Worried About Expanded Xerox-HP Relationship
“We continue to maintain a cooperative relationship with Xerox.”
Counterfeit Toner and Ink Supplies Continue to Harm Printer Industry
“For companies like HP, counterfeits undermine decades of focused research and testing aimed at creating superior ink and toner, and reliable, high-quality cartridges for our customers.”
Xerox, HP Inc. Partner Together on PCs, Printers, DaaS Technology
Last year, activist Xerox investor Carl Icahn had proposed that Xerox partner with what he called “under-served PC makers” such as HP Inc.
New York Prosecutors Investigating Icahn Stock Trades
Icahn owns approximately 10 percent of Xerox, and was instrumental in thwarting Fujifilm’s take-over of Xerox last year.
Xerox Previews Latest 3D-Printing Technologies
The firm says it’s leveraging its expertise in digital printing to polymer and metal 3D-printing technologies and will introduce new equipment, materials, services, and design tools to the market.
Fujifilm Posts Upbeat Financial Results; Will Pursue Xerox Take-Over in Court
“Since we still believe the proposal for a business combination structured as announced on 31 January 2018 would be best for both companies and their shareholders, we will thoroughly explain its validity and legitimacy in the courts.”
Xerox Discusses First-Quarter Results, Lay-Offs, 3D Printing
“Next month, we will be exhibiting our 3D (printing) capabilities for the first time at RAPID + TCT, one of the largest additive manufacturing trade shows in North America.”
You must be logged in to post a comment.