As predicted, the stock price jumped due to expense reductions, not revenue increases. There are a lot more of these opportunities out there as they outsource many of the financial functions currently being redundantly supported in GIS/XBS overseas (AP, AR, customer service). Xerox is a company in a fading market however - increased competition and less people making copies. Revenues will continue to slow and decrease, and they can only go to the expense reduction bucket so many times. Unfortunately, the success of a stock price is often on a separate trend line for employee retention. PS - XRX slow paid invoices all during the fourth quarter of 2018 - we were holding up payments ON EVERYTHING. Sure, that seems ethical. Just ask our vendors how our payments have been coming through lately. I'm sure that had nothing to do with the expense reductions on the results for the quarter......funny.
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Management is ignorant and oblivious to company procedures! This company I dare to say walks alone and by any luck left. Specially with billions of dollars in debt.. I don’t think that lick will be and their management will be enough to save them this time
As one employee from one of of at least 6 consuting firms engaged in telling leadership exactly what the competent mgmt has been telling them, I can attest to the outrageous delays on the A/P side.
My function may be justified since leadership does not fully trust mgmt and in some cases mgmt is incompetent.