Xerox news

Here are some recent news articles and updates about Xerox:

Recent News

  1. Xerox to Acquire HP's Printing Business: In November 2020, Xerox announced that it would acquire HP's printing business for $18.5 billion. The deal is expected to create a new company with a combined revenue of $18 billion. (Source: Bloomberg)
  2. Xerox Reports Q3 Earnings: In October 2020, Xerox reported its third-quarter earnings, which showed a net loss of $1.4 billion. The company cited the impact of the COVID-19 pandemic on its business. (Source: CNBC)
  3. Xerox Partners with Microsoft to Offer Cloud-Based Printing Services: In September 2020, Xerox announced a partnership with Microsoft to offer cloud-based printing services to businesses. The partnership aims to help companies streamline their printing processes and reduce costs. (Source: CRN)

Recent Developments

  1. Xerox's CEO Steps Down: In August 2020, Xerox's CEO, John Visentin, stepped down due to health reasons. The company's board of directors named Steve Bandrowczak as his interim replacement. (Source: The Wall Street Journal)
  2. Xerox's Restructuring Efforts: In recent years, Xerox has been undergoing a major restructuring effort to reduce costs and improve its competitiveness. The company has sold off several of its businesses and reduced its workforce. (Source: Forbes)
  3. Xerox's Focus on Digital Transformation: Xerox has been investing heavily in digital transformation, including the development of artificial intelligence and machine learning technologies. The company aims to use these technologies to improve its printing and document management services. (Source: InformationWeek)

Industry Trends

  1. The Shift to Digital Printing: The printing industry is undergoing a significant shift towards digital printing, which allows for on-demand printing and reduced waste. Xerox is investing in digital printing technologies to stay competitive in this market. (Source: Printing Impressions)
  2. The Rise of Managed Print Services: Managed print services (MPS) are becoming increasingly popular as companies look for ways to reduce their printing costs and improve their document management processes. Xerox offers MPS solutions to help businesses streamline their printing operations. (Source: Channel Futures)
  3. The Impact of COVID-19 on the Printing Industry: The COVID-19 pandemic has had a significant impact on the printing industry, with many companies experiencing a decline in demand for their services. Xerox has been affected by the pandemic, but the company is working to adapt to the new market conditions. (Source: Printing News)