Moody’s Revises Xerox Credit Ratings
“We expect revenue and EBITDA to continue declining for the remainder of 2020 followed by a return to growth in 2021.”
Category: Xerox
Fitch Ratings Revises Xerox Credit Rating
The firm noted that Xerox equipment sales, which fell 38 percent, may recover as postponed demand is ultimately fulfilled, but that lost post-sale revenue, which declined 34 percent, will likely not be recovered.
Canon, Xerox Appear to be Hit by Ransomware Attacks
Canon Inc. and Xerox and both appear to have been hit by ransomware attacks launched by the notorious group Maze.......
Xerox Leadership Discusses Revenue Recovery, Work-at-Home
“At this point, we’re predicting a slow gradual recovery the rest of the year.”
This Week in Imaging: Rocky Earnings Week, but Kodak Shares Soar
This week saw the beginning of quarterly earnings releases from office-imaging vendors, with Canon, Kyocera, Konica Minolta, Kyocera and Xerox......
Revenue, Net Income Tumble for Xerox’s Second Quarter
Xerox today reported results for its second quarter ending on June 30, 2020, with revenue declining to $1,465 million, a......
Xerox Withdraws from Drupa 2021 Trade Show
According to PrintWeek, Xerox has pulled out of the drupa commercial- and production-printing trade show that will be held April......
This Week in Imaging: COVID-19 May be Accelerating A4 Adoption
If ever there was a time for A4 vendors to take on A3 now appears to be exactly that time.......
Xerox Launches Next-Gen ConnectKey-Enabled AltaLink MFPs
Xerox today announced two next-generation AltaLink MFP product families, the new Xerox AltaLink C8100 Series and Xerox AltaLink B8100 Series. Both MFP......
This Week in Imaging: How Not to Consolidate – Lessons from the Failed HP-Xerox Merger
With the HP Inc. Board of Directors’ announcement this week that it’s ended its Shareholders’ rights program that was designed......
Xerox May Be Victim of Ransomware Attack
Multiple sources report that Xerox may have been compromised by a Ransomware attack. Under such an attack, hackers gain access......
HP, Partners Express Relief that Xerox Has Withdrawn Bid
Amid the daily anxiety brought on by the global spread of COVID-19 – a strange virus that researchers still don’t......
HP Ends ‘Poison Pill’ Shareholders’ Rights Plan
On June 26th, the HP Inc. Board of Directors approved an amendment to its shareholders’ rights plan to accelerate the......
Survey: Office Workers Missing Office Printers and MFPs
Plus, most organizations plan on expanding IT budgets to accommodate remote working.
New Xerox Team Availability App for Attendance, Health Monitoring
Xerox today launched its new Team Availability App, which it says is a quick-to-deploy, real-time solution for organizations that need......
COVID-19 to Result in Sharp Decline in Global Office and Home Page Volumes
Page volumes for North America and Asia/Pacific (excluding China and Japan) are expected to decline most dramatically,
