Xerox acquires IT services provider Powerland

Xerox acquires IT services provider Powerland

Xerox Holdings Corporation announced it has acquired Powerland, an IT services provider in Canada, for cash. The company said that the acquisition strengthens its IT services offerings in North America, which include cloud, cyber security, end user computing and...
Xerox’s Q4 revenue depressed 7.9% YoY

Xerox’s Q4 revenue depressed 7.9% YoY

Xerox records a loss for the year, Q4 revenues down 7.9% and hardware sales down 24.7%, but shareholders receive $1 billion (€0.88 billion). The Xerox fourth quarter and full year results recorded full year revenues of $7.038 billion (€6.246 billion) a 0.2% increase...
DARPA awards PARC $5.8 million contract

DARPA awards PARC $5.8 million contract

PARC, a Xerox company, announced it has been awarded a $5.8 million (€5.1 million) contract by the Defense Advanced Research Projects Agency (DARPA) to work with the University of California at Santa Barbara, the University of Rostock and Patched Reality, an Augmented...