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Xerox Corporation

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We appreciate Xerox’s continuous efforts to grow globally through successful acquisitions and disposal of non-core assets. Meanwhile, Xerox reported mixed first-quarter 2018 results, wherein the company’s top line beat the Zacks Consensus Estimate, the bottom line lagged the same. To better adapt to the changing market trends, Xerox continues to expand indirect distribution channels and streamlining its supply chain and product portfolio. It aims to focus on organic improvements and services for the next few quarters. It is reprioritizing investments and accelerating its restructuring actions to improve revenue and margin. However, the company remains exposed to foreign currency movements due to its international presence. Competitive threat from the availability of a large number of substitutes and technological advancements continue to grow. In fact, in the past six months, shares of Xerox underperformed its industry.

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