Thread regarding Xerox Corp. layoffs

Great Q2 financial results!

I hope that Q2 financial results will be outstanding with strong revenue improvement given disappointing Q1 decline of ~9%. All the revenue growth initiatives in service, software, etc. that Joanne is leading should start paying off - or at least pipeline should be growing nicely. Maybe new offerings will be announced? Profit will benefit from the aggressive selling, admin and general cost cutting . Q1 was disappointing because all the profit upside was driven by Fuji Xerox results, recovering from disastrous 2018.

Gross margin should improve as well now that FX must be totally afraid of competitive threats (i.e., HP) and cutting their costs to the bone.

So looking forward to exceptional revenue and profit ($ not just margin) results. Otherwise, I will start to think that Johnny V. is selling us phantom cost savings and smoke and mirror revenue growth. Hoping that Q2 results will be in line with the Technology Powerhouse story lie.

by Anonymous
| 2612 views | | 14 replies (last July 27, 2019) | Reply
Post ID: @OP+107642EE
Comment! It's anonymous!

14 replies (most recent on top)

revenue debacles past four quarters is they are completely self inflicted wounds. Sure, there were systemic challenges prior to 2018. The fact is revenue is now declining much faster than the market...

xerox market share and profit prior to this sr mgt was generally equal or better than other brands.

Xerox is outperforming share, market in the past four quarters DOWNWARD.

by Share down
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Post ID: @8lzr+107642EE

Expect the usual Xerox financial double speak that no one can understand or make sense out of.Bottom line will be more cut backs to keep the sinking ship above water.

by Anonymous
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Post ID: @8qdn+107642EE

Tuesday is the earnings call. Anyone care to counter my prediction that revenue will be down again more than XRX estimated, for the fourth quarter in a row? Yet the street will love it if the spin is EPS up again beyond expectations for the fourth q, based on “productivity” (really the world s—s when that’s the word to describe cost cutting and layoffs). I’d love to see EPS drop, margins fail, and someone out the company to the street that no substantive revenue strategy exists.

by Anonymous
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Post ID: @6uud+107642EE

I've only heard about revenue, but I've heard it was bad for equipment and really bad for Supplies. So I'm making an assumption that profit won't make plan either.

by Eyes Open
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Post ID: @5akf+107642EE

LOL, really??? Those of us rebadged to HCL on 4/1 hope the results S—. Screw Xerox for what they did to us.

by Anonymous
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Post ID: @4fqw+107642EE

To eyes open: only revenue or profit as well?

by Anonymous
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Post ID: @3wge+107642EE

I've seen preliminary numbers. Not good.

by Eyes Open
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Post ID: @3suq+107642EE

Sadly many will not see the sarcasm and irony in your post but I do. I suspect what we will hear is “just wait for Q3” along with adjusted guidance. With the Webster exit by year end and the XDX final bloodbath coming up, Xerox will be able to report huge SAG reductions.

by Anonymous
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Post ID: @2eam+107642EE

Lol....wake up....

by Anonymous
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Post ID: @2xet+107642EE

Whistling in a graveyard. Yup ... everything is gonna be okay ... gonna be okay .. yup.

by Anonymous
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Post ID: @1uei+107642EE

Fake news determined.

by Anonymous
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Post ID: @1jfr+107642EE

If what is happening with your HCL debacle at your XBS cores is any example - your House of Cards is going to tumble. What a mess!

by Anonymous
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Post ID: @ntq+107642EE

I hope the results s—.

by Anonymous
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Post ID: @ryr+107642EE

Keep hoping.......

by Anonymous
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Post ID: @aay+107642EE

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