{"id":48883,"date":"2022-02-24T08:32:28","date_gmt":"2022-02-24T16:32:28","guid":{"rendered":"http:\/\/www.enxmag.com\/twii\/?p=48883"},"modified":"2022-02-24T08:32:31","modified_gmt":"2022-02-24T16:32:31","slug":"now-and-next-xerox-outlines-strategy-at-investor-day","status":"publish","type":"post","link":"https:\/\/www.enxmag.com\/twii\/news\/2022\/02\/now-and-next-xerox-outlines-strategy-at-investor-day\/","title":{"rendered":"\u2018Now and Next\u2019: Xerox Outlines Strategy at Investor Day"},"content":{"rendered":"\n<p><em>Norwalk, CT (Feb. 23, 2022)<\/em> \u2014 Xerox Holdings Corporation (NASDAQ: XRX) is hosting an Investor Day today to share plans for creating long-term shareholder value, including strategies to grow the Print &amp; Services business and specific growth and commercialization strategies for new businesses and innovations. Xerox will also provide a long-range financial forecast for each of its businesses, encompassing plans for growth in print and beyond. The event is being hosted at the Nasdaq Marketsite in New York, New York.<\/p>\n\n\n\n<p>&#8220;At Xerox, innovation is the core of what we do and who we are. We\u2019ve continued investing in innovation throughout the pandemic and global supply chain disruptions, and today we are pleased to share our progress,\u201d said John Visentin, vice chairman and CEO, Xerox. \u201cWe are using innovation to drive growth in Print &amp; Services, IT and Digital Services, as well as in our new disruptive businesses, CareAR and FITTLE, and in several transformative endeavors at PARC.&#8221;<\/p>\n\n\n\n<p>As part of its Investor Day, Xerox will introduce FITTLE, a rebrand of Xerox Financial Services (XFS), a leading provider of innovative business financing solutions to help organizations of all sizes adapt and grow. The evolution to FITTLE reflects Xerox\u2019s breadth of offerings and expansion into new market segments.<\/p>\n\n\n\n<p>The event also includes:<\/p>\n\n\n\n<p><strong>Review of Xerox\u2019s three-year financial outlook:<\/strong><\/p>\n\n\n\n<ul><li>Revenue of at least $7.1 billion in actual currency in 2022, with expected low to mid-single digit annual growth through 2024<\/li><li>Adjusted operating margin expansion of more than 200 basis points<\/li><li>Free cash flow generation of at least $400 million in 2022, and $450 million to $500 million annually through 2024<\/li><li>Expected return of at least 50% of free cash flow to shareholders<\/li><\/ul>\n\n\n\n<p><strong>A detailed review of newly stood up businesses and their respective growth strategies:<\/strong><\/p>\n\n\n\n<ul><li>FITTLE \u2013 Introduction of a new name for this business, which will increasingly target financing opportunities beyond Xerox equipment and services.<\/li><li>CareAR \u2013 Will play a leading role in developing the Service Experience Management market, which is expected to grow to $80 billion by 2028, with its AR\/VR and AI-driven visual support platform.<\/li><li>PARC \u2013 Venture ecosystem that drives commercial applications of PARC\u2019s research efforts across the IoT, additive manufacturing and cleantech industries.<\/li><\/ul>\n\n\n\n<p><strong>Financial outlooks<\/strong> for Print &amp; Services, FITTLE, CareAR and PARC, along with KPI\u2019s and financial metrics to enable a sum-of-the-parts valuation of Xerox.<\/p>\n\n\n\n<p><strong>Investment strategy<\/strong> for driving long-term growth, including an expansion of IT Services, deployment of Digital Services that fulfill clients evolving workplace needs and investments to scale, commercialize and eventually monetize our new businesses.<\/p>\n\n\n\n<p>A live webcast of today\u2019s event along with the relevant presentation material will be available on Xerox\u2019s Investor Relations website <a href=\"http:\/\/news.xerox.com\/investors\">here<\/a>. A replay of the Investor Day presentation and presentation material will be accessible for at least 90 days.<\/p>\n\n\n\n<p>###<\/p>\n\n\n\n<p><strong>About Xerox Holdings Corporation (NASDAQ: XRX)<\/strong><br>For more than 100 years, <a href=\"http:\/\/xerox.com\">Xerox<\/a> has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we&#8217;ve expanded into software and services to sustainably power today&#8217;s workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients \u2014 no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norwalk, CT (Feb. 23, 2022) \u2014 Xerox Holdings Corporation (NASDAQ: XRX) is hosting an Investor Day today to share plans for creating long-term shareholder value, including strategies to grow the Print &amp; Services business and specific growth and commercialization strategies for new businesses and innovations. Xerox will also provide a long-range financial forecast for each of its businesses, encompassing plans for growth in print and beyond. The event is being hosted at the Nasdaq Marketsite in New York, New York. &#8220;At Xerox, innovation is the core of what we do and who we are. We\u2019ve continued investing in innovation throughout the pandemic and global supply chain disruptions, and today we are pleased to share our progress,\u201d said John Visentin, vice chairman and CEO, Xerox. \u201cWe are using innovation to drive growth in Print &amp; Services, IT and Digital Services, as well as in our new disruptive businesses, CareAR and FITTLE, and in several transformative endeavors at PARC.&#8221; As part of its Investor Day, Xerox will introduce FITTLE, a rebrand of Xerox Financial Services (XFS), a leading provider of innovative business financing solutions to help organizations of all sizes adapt and grow. The evolution to FITTLE reflects Xerox\u2019s breadth of offerings and expansion into new market segments. The event also includes: Review of Xerox\u2019s three-year financial outlook: Revenue of at least $7.1 billion in actual currency in 2022, with expected low to mid-single digit annual growth through 2024 Adjusted operating margin expansion of more than 200 basis points Free cash flow generation of at least $400 million in 2022, and $450 million to $500 million annually through 2024 Expected return of at least 50% of free cash flow to shareholders A detailed review of newly stood up businesses and their respective growth strategies: FITTLE \u2013 Introduction of a new name for this business, which will increasingly target financing opportunities beyond Xerox equipment and services. CareAR \u2013 Will play a leading role in developing the Service Experience Management market, which is expected to grow to $80 billion by 2028, with its AR\/VR and AI-driven visual support platform. PARC \u2013 Venture ecosystem that drives commercial applications of PARC\u2019s research efforts across the IoT, additive manufacturing and cleantech industries. Financial outlooks for Print &amp; Services, FITTLE, CareAR and PARC, along with KPI\u2019s and financial metrics to enable a sum-of-the-parts valuation of Xerox. Investment strategy for driving long-term growth, including an expansion of IT Services, deployment of Digital Services that fulfill clients evolving workplace needs and investments to scale, commercialize and eventually monetize our new businesses. A live webcast of today\u2019s event along with the relevant presentation material will be available on Xerox\u2019s Investor Relations website here. A replay of the Investor Day presentation and presentation material will be accessible for at least 90 days. ### About Xerox Holdings Corporation (NASDAQ: XRX)For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we&#8217;ve expanded into software and services to sustainably power today&#8217;s workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients \u2014 no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech.<\/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\/48883"}],"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=48883"}],"version-history":[{"count":1,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/48883\/revisions"}],"predecessor-version":[{"id":48884,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/48883\/revisions\/48884"}],"wp:attachment":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/media?parent=48883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/categories?post=48883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/tags?post=48883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}