Xerox's total costs declined 6 percent to $4.24 billion. This included restructuring and related charges of $71 million, less than the $100 million the company had estimated in April. Xerox said it expected one-time pretax separation costs of $175 million- $200 million, lower than the $200 million- $250 million it had estimated earlier.
The company, which is splitting into two to separate its printer and business process outsourcing businesses, took $71 million in restructuring and related charges in the second quarter, less than the $100 million it estimated in April. The company also cut its estimate for one-time pretax separation costs to $175 million- $200 million from $200 million- $250...
June 23- Xerox Corp said Jeff Jacobson, the president of its technology unit, would take over as chief executive after the company splits its business process outsourcing unit into a separate, publicly listed entity. Its business process outsourcing operations will be held under " Conduent Inc," which will be led by Ashok Vemuri. Xerox, which announced the split in...
The office workplace messaging app debuts new message buttons linked to tasks in third-party applications
But sales fell 3 percent in the quarter, hurt by a strong U.S. dollar and the closure of several stores.
Rival printer maker Lexmark International Inc said last week it agreed to be taken private by a group of investors led by China- based Apex Technology Co Ltd and PAG Asia Capital in a deal valued at $3.6 billion net of cash. Net income attributable to the company fell to $34 million, or 3 cents per share, in the first quarter ended March 31, from $225 million, or 19 cents...
Net income attributable to the company fell to $34 million, or 3 cents per share, in the first quarter ended March 31, from $225 million, or 19 cents per share, a year earlier. On an adjusted basis, the company earned 22 cents per share. Revenue fell to $4.28 billion from $4.47 billion.
CNBC's Diana Olick reports on Cubii, a company getting employees moving while working.
Tim Cook talks iPad Pro and hints at Apple's foray into the health sphere, reports The Telegraph.
Discussing Google's plan to make workplace communication easier, beating Microsoft, and the problem with legacy contracts, with Amit Singh, Google for Work President.
Antonio Neri, senior vice president and general manager at HP Enterprise Group, discusses the announcement that HP will formally divide into two publicly-traded companies by November 1.
Companies – even new ones – appear to be skipping out on capex, but that spending may just not get counted because your kid is playing with it, UBS said.
The virtual office has made communications among far-flung teams tough, but this business app lets people share data from any device.
Phone-based customer service could soon improve, thanks to this company, whose aim is to provide a better, faster call-center experience.
Xerox reported a slightly better-than-expected quarterly profit as expenses declined 4 percent.
Canon reported a slight rise in profit thanks to a weak yen, even as its camera business struggled to attract photographers.
Japan's Canon reported a slight rise in profit thanks to a weaker yen, even as its camera business struggled to attract photographers.
Tim Bajarin, President at Creative Strategies, says the tech giant is is facing very strong competition in servers.
Modems and routers are bigger energy hogs than laptops and cell phone chargers. On a national scale, it’s pretty staggering: $1 billion a year in electricity.
What’s the next economic revolution? According to General Electric Chief Economist Marco Annunziata, it’s the “industrial Internet” — intelligent machines such as jet engines, power turbines and medical devices.