Despite global supply chain conditions and ongoing COVID-related factors, Xerox reported Q3 remained flat year-over-year.
Xerox announced plans to create three new businesses – Software, Financing, and Innovation – aimed at delivering long-term growth.
Xerox plans to create separate software, financing, and innovation businesses, as well as launch a $250 million corporate venture.
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Xerox reported $106 million of operating cash flow from continuing operations, down $242 million YoY, but up $72 million from Q2.
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AliGraphics will leverage Iridesse’s flexible combination of specialty inks to deliver metallic gold and metallic silver.
Xerox reported $1.47 billion of revenue, a decrease of 35.3% year-over-year or 34.6% in constant currency.
The novel coronavirus has dealt the final blow to Xerox Holdings’ $34.9 billion hostile takeover acquisition attempt of HP Inc.