As Xerox announced its quarterly earnings Thursday morning, its new CEO also announced he’s charting his course for the company. John Visentin says it’s to return Xerox to the forefront as a leading tech company, building on his base of software and printing technologies.
Visentin says Xerox will not auction off any of its assets, but will push to turn research into new technologies and products. The company announced it will buy back $1 billion of its stock, buying up to $500 million this year
The company reported revenue of just over $2.5 million, down about two percent from last year. Revenue from sales was up slightly