7 August 2019
Xerox Focusing on Software and Service
John Visentin CEO of Xerox
John Visentin CEO of Xerox
Xerox CEO John Visentin during the conference call talked about "Growing Xerox’s software and services businesses will be central to stoping the declining revenue sales."  Visentin said that the company "will expand its IT services offerings, selling them through the company’s Xerox Business Solutions "(previously known as Global Imaging Systems). Xerox expects that about a third of those locations will begin offering IT services by the end of 2019.
Changing direction
Changing direction
Xerox started reorganizing Xerox Business Systems (XBS) at the beginning of  this year, beginning with closing about half of XBX branches and laying off associated employees. It’s gone from 186 XBS locations to less than 100. Lower Supplies Revenue reflects lower page volume trends, Visentin also stated that, starting in 2020, HP will make DocuShare Flex, Xerox’s cloud-based content management platform, available on PCs and tablets sold to SMBs. He also said that another part of the newly expanded Xerox-HP Inc. relationship will “allow us to source toner, which will add volume to our toner plants.”
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