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Xerox officials outline growth strategies after split

Dec 7, 2016

Top Xerox officials updated the investment community Wednesday on the status of the company as it gets ready to separate into two businesses, one focusing on document technology, the other on business services.

The conference in New York City focused on the new document technology company, which will keep the name Xerox.  That company is the one that has the bulk of the Xerox jobs in the Rochester area.

Jeff Jacobson is going to be the CEO of Xerox after the company separates into two parts.

He told the attendees at the conference that Xerox will have a lot of potential for growth.

“We participate in an $85 billion market, we are in a leadership position, as we have been the equipment revenue market share leader for 27 consecutive quarters.”

Jacobson says Xerox will continue to look at cost saving measures.

“We have been, and we will continue to be, relentless on cost and productivity initiatives. And we are very good at operating this business. We have driven over $300 to $350 million of productivity each year for the past three years.”

And he says Xerox will also put a renewed focus on growth markets, including document outsourcing for small and medium sized businesses.

“Document outsourcing is 30 percent of our revenue and growing; the market continues to move toward managed print services and we are well positioned in the business.”

After Xerox separates into two parts, the business services company will be called Conduent.  The separation to be complete as of the first of the year.