Xerox's First-Quarter Revenue Continues Decline, While Cost-Cutting Boosts EPS; Maintaining $30 FVE
Xerox reported first-quarter results with significant revenue declines countered by improving profitability. The mixed earnings are in line with our thesis that the company’s seemingly ambitious cost-cutting initiatives are obtainable, but flat or growing revenue is not in the queue for Xerox over the next five years--counter to the company’s outlook. As a result of cost-cutting initiatives significantly hitting the bottom line, Xerox improved its EPS outlook for 2019. Accounting for the improve...Xerox is a provider of digital print technology and intelligent work solutions. The company operates in three main areas: Intelligent Workplace Services, which includes a continuum of solutions and services consisting of managed print services, industry digital solutions, personalization and communication software, content management solutions, and digitization services; Workplace Solutions, which is made up of two product groups, Entry and Mid-Range, which share common technology, manufacturing and product platforms; and Production Solutions, which enable full-color, on-demand printing of a range of applications, including variable data for personalized content and one-to-one marketing.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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