Xerox Reports Long-term Financial Goals - Quick Facts

(RTTNews) - Xerox (XRX) announced long-term financial model as a standalone company, as it expects to complete the separation of Conduent Incorporated on Dec. 31, 2016. The new Xerox expects to: expand operating margins to be in the range of 12.5 - 14.5 percent in the near term by delivering at least $1.5 billion cumulative gross productivity and cost savings by 2018 from its strategic transformation program; and increase contribution from strategic growth areas to 50 percent of total company revenue by 2020 and to outperform the market over the long term.

Xerox also provided details on its business strategy. The company continues to drive its three-year strategic transformation program to deliver at least $1.5 billion in productivity gains and cost savings for the standalone entity. Xerox will invest in areas of strength and growth such as document outsourcing and color production, and will execute strategies to increase its participation in underpenetrated markets, including small- and medium-sized businesses. As a result, the company will shift its revenue mix toward growing markets to increasingly offset declines in mature areas.