Thread regarding Xerox Corp. layoffs

Acquired revenue is not growth

How on earth does Bandy have the cahoonahs to classify the Lexmark revenue as ‘growth’ when reporting the results - is there not something in the SEC rules that stops this.

In Xerox they have classifications for two types of revenue : N&A ( New & Add ) and E&R ( Extend and Renew ).

Take the example of today’s earnings call, a certain UK grocer customer is called out as a great success for ‘New’ business for MPS and Print Room, plus GI in the print space.

However, this grocer was the largest UK customer by revenue until they cancelled the contract last year ( had the contract since mid 2000’s ).

So HOW is the ‘NEW’ business ?

#Revenue #Growth
by Anonymous
| 1664 views | | 11 replies (last February 1) | Reply
Post ID: @OP+1kg67cp59
Comment! It's anonymous!

11 replies (most recent on top)

@n8 not surprised to see this. One of the worst of all time.

by Anonymous
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Post ID: @nx+1kg67cp59

DW

by Anonymous
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Post ID: @n8+1kg67cp59

@db what location are they from

by Anonymous
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Post ID: @ma+1kg67cp59

@db what location is she from?

by Anonymous
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Post ID: @k9+1kg67cp59

@db what location was she from?

by Anonymous
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Post ID: @jh+1kg67cp59

@OP the same Greengrocer who refused to pay Xerox the £2m owed from the previous contract.

by Anonymous
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Post ID: @dc+1kg67cp59

@cw my Manager reported erroneous data all the time. But she talked a good story, sounded convincing and professional. She can put a swing on just about anything (and truly believes she is right). All her peasants wouldn't dare correct her. But that's what you have/had leading the service center. The stuff that goes on is unbelievable.

by Anonymous
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Post ID: @db+1kg67cp59

Our spin doctor is not very good. We keep using spins that a 3 year old can see through. We really need to see FY LEX and FY XRX separate to gain useful information. The fact that it is not available (or I couldn't find it) tells you more than the numbers might. Does anyone know how many times erroneous forward looking guidance can be shared before there is a problem? All we do is miss over and over.

by Anonymous
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Post ID: @cw+1kg67cp59

@cs nobody is paid off to keep their mouths shut. You are an id--t. Anyone with an entry level knowledge of reporting can see what this is.

by Anonymous
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Post ID: @ct+1kg67cp59

It’s called fudge the books and pay people off with incentives to keep their mouths shut. Look here not there. Nothing to see here folks. Move along…

by Anonymous
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Post ID: @cs+1kg67cp59

They do have a term for revenue outside of Lexmark, it’s called proforma.

by Anonymous
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Post ID: @cc+1kg67cp59

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