Boston, MA 02\/11\/2014 (wallstreetpr) – Towards the tail end of 2013, Xerox Corporation (NYSE:XRX)<\/b> announced that it expected to see an increase in its earnings in 2014. The company gave a number of reasons for its belief that the new year would be much better than what it endured in 2013. XRX is a pioneer when it comes to making printers and photocopiers. It announced that it expects its earnings in 2014 to revolve between $1.10 and $1.16 for every share held. The company believes that this is possible because it will keep seeing an increase in its business services, which will make up a huge chunk of its revenue in the New Year.<\/p>\n
According to analysts, Xerox Corporation (NYSE:XRX)\u2019s profits in 2014 will be around $1.15 in 2014m, which is not far from what the company expects. Xerox has seen a drop in terms of its document printing business and operations. This is significant because the company used to make a lot of money and raise huge amounts in revenue from document printing in the past years. Moving into 2014, and possibly beyond, Xerox now has to think of new sources of revenue, and this is the reason behind its belief that business services will earn more than they have done in the past. What this means is that Xerox has to invest more in business services to reap the rewards it needs.<\/p>\n
Xerox Corporation (NYSE:XRX) announced that it expects to spend a large sum of money on new acquisitions during 2014. The company says that it will spend more than $500 million on acquisitions to help sustain its goal of expanding the business. Currently, Xerox earns close to 56 percent of its revenue from business services. The company\u2019s goal is to increase its revenue from business services to 66 percent by 2017.\u00a0 The fact that the company also intends to spend a further $500 million on stock buybacks is also worth noting. When it finishes with the stock buyback plan, XRX hopes that its repurchase plan will be worth more than $1.5 billion.<\/p>\n
Xerox Corporation (NYSE:XRX) says that it will not ignore the issue of dividends. The printing and photocopier pioneer announced that it expects to spend around $300 million on dividends in 2014, which should make it attractive to investors across the board. The company no longer enjoys higher revenues from the sale of copiers as it used to in the past. It expects that a significant portion of its revenue will come from servicing these copiers and printers that are already in the market. It has also invested heavily in outsourced business services, from where it expects to see an increase in revenue in the next twelve months.<\/p>\n
It is worth noting that Xerox Corporation (NYSE:XRX) has not changed its outlook and predictions for 2014. According to the company, 2014 should be the year when it sees the culmination of the total shift from document printing into business services. The fact that Xerox is not held back to het past, but is actively seeking for new and fresh areas to invest in, is also worth noting.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 02\/11\/2014 (wallstreetpr) – Towards the tail end of 2013, Xerox Corporation (NYSE:XRX) announced that it expected to see an increase in its earnings […]<\/p>\n","protected":false},"author":10,"featured_media":15101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[1444,3771],"stock_ticker":[],"class_list":["post-15100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nysexrx","tag-xerox-corporation-nysexrx","entry"],"acf":[],"yoast_head":"\n