In its third-quarter 2020 earnings call held earlier this week, Xerox executives discussed the company’s third-quarter financial results, as well......
Tagged: John Visentin
“At this point, we’re predicting a slow gradual recovery the rest of the year.”
Xerox also noted that it does not consider the stock market decline, and the temporary suspension of trading in HP shares, a failure of any condition to its offer to acquire HP..
Xerox expects that about a third of its XBS locations will begin offering IT services by the end of 2019.
Xerox stated that its Project Own It cost-cutting program contributed some $640 million of savings thus far in 2019.
“Our transformation initiatives are yielding results, which give us confidence to raise our full-year earnings guidance despite revenue declines.”
Visentin assures employees that Xerox will continue “to run the business well” and support its thousands of customers.
Xerox also announced that it will hold its 2018 Annual Meeting of Shareholders on July 31, 2018.
According to Icahn, Visentin had the skills that would help Xerox shareholders understand why the proposed merger with Fuji Xerox was a bad idea, and that a new management team would be better for Xerox.