Xerox Holdings Corp (NASDAQ: XRX)

Xerox Holdings Corp, commonly known as Xerox, is a company that operates in the document technology industry. It has a rich history dating back to 1906 and has evolved over the years to meet changing market trends and customer needs. Xerox's main business activities involve building and integrating software and hardware for enterprises of all sizes, and it operates in various countries and regions around the world.

The company generates revenue through its primary offerings, which include Workplace Solutions, Production Solutions, Xerox Services, and FITTLE. Workplace Solutions is a strategic product group that offers a range of products, including A4 desktop monochrome and color printers and multifunction printers (MFPs), as well as solutions that deliver flexibility and advanced features. Production Solutions is designed for customers in the graphic communications, in-plant, and production print environments, offering high-speed, high-volume cut-sheet printing, and inkjet presses. Xerox Services provides a continuum of solutions and services that help customers optimize their print and communications infrastructure, apply automation and simplification to maximize productivity, and ensure the highest levels of security.

Xerox has a significant presence in the industry and competes with other companies such as Canon, HP, and Ricoh. Its competitive advantages include its strong patent portfolio, commitment to corporate social responsibility, and a diverse customer base. Xerox's patent portfolio includes 6,471 U.S. utility and design patents as of December 31, 2023, which is a testament to its investment in research and development. The company's commitment to corporate social responsibility is evident in its focus on sustainability, diversity, inclusion, and environmental responsibility. Xerox has set a goal to reduce its Scope 1 and Scope 2 GHG emissions by at least 60% by 2030, and has been recognized for its climate change transparency and performance by the CDP.

Xerox's customer base is diverse and includes small and mid-sized businesses, large enterprises, government entities, educational institutions, and Fortune 1000 corporations. The company's Production Solutions segment caters to customers in the graphic communications, in-plant, and production print environments, offering high-speed, high-volume cut-sheet printing, and inkjet presses. Xerox's Workplace Solutions segment offers a range of products and solutions designed to meet the needs of small and mid-sized businesses. The Services segment provides a continuum of solutions and services that help customers optimize their print and communications infrastructure, apply automation and simplification to maximize productivity, and ensure the highest levels of security.

Xerox's brand names and trade names of its products and services include the Xerox Nuvera and Baltoro production printing presses, which are known for their high-quality prints and reliability. The company's Workplace Solutions include products such as the Xerox iGen and Xerox Nuvera printers, which are designed to provide high-quality prints and reliability. Xerox's Services segment includes services such as managed print services, document management, and IT services.

In recent years, Xerox has undergone significant changes, including the adoption of a business unit-led operating model, a greater focus on partner-led distribution, and the establishment of a Global Business Services (GBS) organization. These changes are expected to strengthen the company's core business and position it to capture new revenue opportunities over time. Xerox has also announced a 15% targeted workforce reduction, which is expected to be implemented in 2024.