{"id":35579,"date":"2019-08-01T06:42:37","date_gmt":"2019-08-01T13:42:37","guid":{"rendered":"https:\/\/www.enxmag.com\/twii\/?p=35579"},"modified":"2019-08-01T06:42:40","modified_gmt":"2019-08-01T13:42:40","slug":"xerox-announces-second-quarter-results-delivers-increased-cash-flow-earnings-growth-and-margin-expansion","status":"publish","type":"post","link":"https:\/\/www.enxmag.com\/twii\/news\/2019\/08\/xerox-announces-second-quarter-results-delivers-increased-cash-flow-earnings-growth-and-margin-expansion\/","title":{"rendered":"Xerox Announces Second-Quarter Results, Delivers Increased Cash Flow, Earnings Growth and Margin Expansion"},"content":{"rendered":"\n<p><em>Norwalk, CT (July 30, 2019)<\/em> \u2014 Today Xerox (NYSE: XRX) announced its second-quarter 2019 financial results.<\/p>\n\n\n\n<p>\u201cThis quarter we delivered improvements in EPS, adjusted operating margin and free cash flow largely underpinned by our enterprise-wide transformation initiative, Project Own It. These results have enabled us to increase planned investments for the second half of the year to support our revenue roadmap while maintaining our full-year guidance for EPS, adjusted operating margin and free cash flow,\u201d said Xerox Vice Chairman and CEO John Visentin.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"813\" height=\"405\" src=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2019\/08\/Xerox-chart.jpg\" alt=\"\" class=\"wp-image-35580\" srcset=\"https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2019\/08\/Xerox-chart.jpg 813w, https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2019\/08\/Xerox-chart-300x149.jpg 300w, https:\/\/www.enxmag.com\/twii\/wp-content\/uploads\/2019\/08\/Xerox-chart-768x383.jpg 768w\" sizes=\"(max-width: 813px) 100vw, 813px\" \/><\/figure>\n\n\n\n<p>Key Business Highlights:<\/p>\n\n\n\n<ul><li>Investing in revenue-generating initiatives including, but not limited to: <br>\u25e6 Adding new revenue streams for software and services targeting small and medium-sized businesses through partnerships with HP and American Express <br>\u25e6 Expanding Xerox Business Solutions\u2019 (XBS) IT Services capabilities to capitalize on this growing $95 billion market in the United States <br> \u25e6 Acquiring two new multi-brand dealers, Rabbit Office Automation and Heritage Business Systems, to grow XBS\u2019 foothold in key markets  <br>\u25e6 Launching new products such as the Xerox Baltoro HF Inkjet Press and the Xerox Adaptive CMYK Plus Technology to capture incremental production volume <\/li><li> Added and renewed several multi-year contracts with Fortune 500 and public sector clients such as Morgan Stanley, the Commonwealth of Massachusetts and the County of San Diego<\/li><li> On track to drive gross savings in 2019 of at least $640 million under Project Own It, Xerox\u2019s enterprise-wide initiative to simplify operations, drive continuous improvement and free up capital to reinvest in the business   <\/li><\/ul>\n\n\n\n<p><strong>About Xerox<\/strong><br>In the era of intelligent work, we\u2019re not just thinking about the future, we\u2019re making it. <a href=\"http:\/\/www.xerox.com\">Xerox Corporation<\/a> is a technology leader focused on the intersection of digital and physical. We use automation and next-generation personalization to redefine productivity, drive growth and make the world more secure. Every day, our innovative technologies and intelligent work solutions-Powered by Xerox-help people communicate and work better.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norwalk, CT (July 30, 2019) \u2014 Today Xerox (NYSE: XRX) announced its second-quarter 2019 financial results. \u201cThis quarter we delivered improvements in EPS, adjusted operating margin and free cash flow largely underpinned by our enterprise-wide transformation initiative, Project Own It. These results have enabled us to increase planned investments for the second half of the year to support our revenue roadmap while maintaining our full-year guidance for EPS, adjusted operating margin and free cash flow,\u201d said Xerox Vice Chairman and CEO John Visentin. Key Business Highlights: Investing in revenue-generating initiatives including, but not limited to: \u25e6 Adding new revenue streams for software and services targeting small and medium-sized businesses through partnerships with HP and American Express \u25e6 Expanding Xerox Business Solutions\u2019 (XBS) IT Services capabilities to capitalize on this growing $95 billion market in the United States \u25e6 Acquiring two new multi-brand dealers, Rabbit Office Automation and Heritage Business Systems, to grow XBS\u2019 foothold in key markets \u25e6 Launching new products such as the Xerox Baltoro HF Inkjet Press and the Xerox Adaptive CMYK Plus Technology to capture incremental production volume Added and renewed several multi-year contracts with Fortune 500 and public sector clients such as Morgan Stanley, the Commonwealth of Massachusetts and the County of San Diego On track to drive gross savings in 2019 of at least $640 million under Project Own It, Xerox\u2019s enterprise-wide initiative to simplify operations, drive continuous improvement and free up capital to reinvest in the business About XeroxIn the era of intelligent work, we\u2019re not just thinking about the future, we\u2019re making it. Xerox Corporation is a technology leader focused on the intersection of digital and physical. We use automation and next-generation personalization to redefine productivity, drive growth and make the world more secure. Every day, our innovative technologies and intelligent work solutions-Powered by Xerox-help people communicate and work better.<\/p>\n","protected":false},"author":66,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[86],"tags":[362],"_links":{"self":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/35579"}],"collection":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/comments?post=35579"}],"version-history":[{"count":1,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/35579\/revisions"}],"predecessor-version":[{"id":35581,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/35579\/revisions\/35581"}],"wp:attachment":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/media?parent=35579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/categories?post=35579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/tags?post=35579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}