• Xerox outlines three-year strategy at Investor Day

        • Xerox held an Investor Day on Tuesday (5th February) to provide the investment community and other stakeholders details on its strategic initiatives and financial plans.

          John Visentin, Vice Chairman and CEO, Xerox said, “with a history of designing breakthrough technologies, Xerox is ‘made to think.’ We are taking a disciplined approach to creating the next generation of innovative technologies and intelligent work solutions to meet our clients’ evolving needs.

          “By simplifying our operations, instilling a culture of continuous improvement, investing in growth areas and capitalising on new and adjacent market opportunities, we anticipate that we can achieve flat to growing revenue by 2021, while driving continued annual adjusted earnings per share expansion over the next three years.”


          The event featured:

          Review of Xerox’s financial plans and three-year roadmap highlighting:

          o   Expected annual improvements in its revenue trajectory that result in flat to growing revenue by 2021;

          o   Expected adjusted operating margin expansion of more than 200 basis points over the next three years;

          o   Expected adjusted EPS expansion of at least 7 per cent annually;

          o   Expected cumulative free cash flow over the next three years; and

          o   Delivering greater than 50 per cent of free cash flow back to shareholders through dividends and share repurchases in each of the next three years.


          A detailed review of Project Own It, the company’s enterprise-wide transformation program to simplify its business and drive greater operational efficiency while establishing a culture of continuous improvement. Project Own It is expected to generate:

          o   An increasingly frictionless, high-velocity business for clients;

          o   More significant investments, including funding of longer term innovation, to support the company’s revenue roadmap; and

          o   Bottom-line annual profit growth.


          Presentation of a comprehensive strategy to improve the company’s revenue trajectory. Elements of the strategy include plans to:

          o   Improve the company’s Core Technology business;

          o   Expand Services and Software;

          o   Capitalise on the opportunity in SMB;

          o   Transform the client digital experience; and

          o   Drive innovation and new business growth.


          Details on how the company plans to re-energise innovation by leveraging its intellectual property in adjacent areas, exploring opportunities where it can gain traction in high-growth markets. 

          A replay of the webcast is available at https://webinars.on24.com/xerox/Investor2019  

        • Stay up to date - Click here and register for FREE Channel Info online membership and enjoy unlimited access to a host of benefits including the exclusive members area of the website, downloadable business tools, current and back issues archive, priority breaking news alerts, weekly e news summary and the Channel Info app

        • Related Articles

        • Fellowes announces new auto feed shredder for SMEs

          Fellowes announces new auto feed shredder for SMEs

          Wednesday 17th Apr 2019
          As security breaches continue to rise across many industries, Fellowes has launched the new AutoMax 100M mini-cut shredder, offering first-line defense for small businesses looking to destroy paper documents on-site.  The AutoMax100 is a hybrid...Read More...
          PFU EMEA registers 400 new partners to join channel program

          PFU EMEA registers 400 new partners to join channel program

          Monday 15th Apr 2019
          PFU (EMEA) Limited, a Fujitsu company, has registered almost 400 new partners in the region within the last 12 months. Offering partners the support they need to effectively sell and incorporate marketing leading image capture devices into their solu...Read More...
          Alaris launches next-generation scanners for SMEs

          Alaris launches next-generation scanners for SMEs

          Wednesday 10th Apr 2019
          Designed after consulting with channel partners, the Alaris E1025 and E1035 desktop scanners promise to deliver speed, ease of use and reliability that customers demand.  Packing all the intelligence of a larger device into a streamlined, deskt...Read More...
                • About Us

                  Channel Info is the leading source of business news and information for the office dealer and reseller market. Our multi-platform approach delivers relevant, engaging and focussed content via our main printed magazine, supplements, website, digital editions, apps, newsletters and bespoke communications with an unrivalled reach across the industry. A highly trusted and respected brand for many years, the team behind Channel Info has over 60 years experience collectively in the office products, furniture, equipment and technology markets Channel Info continues to develop and adapt in order to meet the changing information needs of its readers.

                  For our latest Media packs and more details on our range of services click here

                • View Latest Issue