Xerox Corporation (XRX - Analyst Report)
recently offered an overview of its long-term strategic plans to
increase shareholder value through an optimum mix of margin expansion
and growth in services, focus on vertical markets and innovative
technology and services. The news boosted investor sentiment as the
shares gained 4% to close at $10.69 on Nov 12.
The Key Initiatives
In order to better adapt to the evolving market trends, Xerox has
continually realigned its business model by expanding indirect
distribution channel and streamlining its supply chain and product
portfolio. Going forward, the company expects to increase revenues from the Services segment to 66% of total revenue by 2017 from 56% at present.
To achieve this objective, Xerox is focusing more on vertical markets like healthcare.
The company has already begun to reap huge benefits from Medicaid
Management Information System (MMIS) through the successful
implementation and CMS (Centers for Medicare and Medicaid Services)
Certification in 31 state Medicaid programs.
In addition, proprietary software developed by its subsidiary PARC has
gained wide acceptance in the industry to combat fraud, waste and abuse
in healthcare applications. Xerox has also launched health insurance
exchanges in Nevada, Kentucky and other states to further strengthen its
position in the healthcare services market.
In tune with the increased demand for connectivity and mobility, Xerox is integrating its market-leading Managed Print Services (MPS) with its business process and IT outsourcing capabilities.
MPS enables clients to gain visibility and control of printing to save
money, improve productivity, boost environmental sustainability and
document security. The integration will automate workflow with
technology and consulting services to help clients meet the requirements
of mobile workforce.
At the same time, Xerox is continuing its thrust for leadership in Document Technology
with innovative products in order to meet the demands of customized
communications in digital printing. These include waterless and
inkjet-based solutions that enable print providers to deliver
tailor-made services.
Fiscal Outlook
Xerox also provided its initial guidance for 2014 and reiterated its
guidance for full year 2013. GAAP earnings for 2014 are expected to be
in the range of 93 cents to 99 cents and adjusted earnings are expected
between $1.10 and $1.16. The company expects operating cash flow to
range from $1.8 billion to $2.0 billion in 2014.
Xerox increased its authorization for share repurchases by $500 million
to bring the tally to approximately $1.5 billion. The company
anticipates spending up to $500 million on acquisitions and $300 million
on dividends in 2014.
Headquartered in Norwalk, CT, Xerox is a leader in the development,
manufacture, marketing, servicing and financing of document equipment
across the world. The company also provides extensive leading-edge
document technology, services, software and genuine Xerox supplies for
graphic communication and office printing environments of any size.
Showing posts with label print business. Show all posts
Showing posts with label print business. Show all posts
Wednesday, November 20, 2013
Tuesday, January 10, 2012
Take Steps in 2012 to Keep Your Printing Environment Secure
Take Steps in 2012 to Keep Your Printing Environment Secure
by Andy Jones, director and general manager, Global Document Outsourcing, Xerox Europe
All of us know that information is a key corporate asset that should be protected, yet no one these days seems too surprised when high-profile data breaches via lost laptops or USB sticks make the news. These stories have drawn attention to flimsy security policies as well as the unreliability of human behaviour. While many organisations have taken steps to limit data loss from devices such as laptops and smart-phones, a more hidden security risk still prevails: the printing environment.
The risks involved with printing documents do not always make headlines, but the fact that a printer offers a connection to an organisation’s entire network should give any business pause for thought.
Understanding the Print Security Gap
Employees use printers to print, fax, copy, scan and send valuable company information across the enterprise network every day - often without a second thought. Today’s multifunction printers (MFPs) offer more data-handling features than ever, including hard drives for storing documents and scan-to-e-mail services, making them as sophisticated as desktop PCs. Enterprises routinely attach MFPs to networks, giving them all the flexibility, and security vulnerability, of any computer on a network. Ultimately today’s MFPs pose the same risk as any unprotected device.
At Xerox, we work with companies to protect their ideas and reduce the chance of theft through a document breach. One manufacturer contacted us after discovering that highly confidential research and development documents were stolen. The company told us that an investigation suggested that the leak occurred in the printing environment. While unfortunate, we helped the company take the necessary steps to secure its environment, and prevent this type of incident from happening again.
By working with many clients to successfully mitigate these types of risks, we have developed a system to help our clients quickly identify specific needs. Using a layered model, we walk clients through a series of questions to determine how best to secure their particular environment. The model’s first layer addresses the security aspects of the IT environment. For example, we carefully review what steps need to be taken to secure the IT environment in order to protect networks and devices from unauthorised network access. As mentioned above, MFPs should be treated like any other device with storage capability.
Remember, today’s MFPs can store print image data which presents a security risk if they’re not wiped before disposal.
The model’s second layer tackles the security of the physical workspace. Conventional wisdom suggests that the best security is to educate users. However most users don’t pay much attention to security, especially when they find it a hindrance to doing their job. Therefore it’s important to put in place a transparent and easy-to-use security solution, which includes measures such as secure print. With secure print, a job is only printed when the user physically types in their unique PIN number and releases the job.
In more extremes ecurity environments there may be a need to physically isolate devices and use operators to handle highly sensitive or secure output. To increase security even further, print governance tools, which add banners and watermarks to printed pages, may also be used. For some of our clients, we have been able to control some of our printing devices to mark pages in a way which can include unique codes. This enables operators to individually identify pages and also prevents copying.
As these examples demonstrate, there is a wide array of security measures available to meet a company’s needs. Whilst requirements vary dramatically across industries (an investment bank’s needs are different from a healthcare provider or manufacturer) we’ve seen an increase in the number of companies that are aware of the risk, and have begun taking some level of action to make their print environment and company secure.
Securing the Print Environment with Managed Print Services
As we entered the millennium, businesses realised that the internet age brought with it more end-user printing. Due to increasingly large volumes, many global businesses looked for ways to radically reduce printing costs. For some, this meant handing over all or part of the print management challenge to a third party. In addition to reducing printing costs, boosting productivity and supporting environmental targets, these companies discovered that managed print services can play an important role in securing confidential and sensitive information.
Here’s why:
When they outsource their printing, businesses engage a partner to assume the potential risk involved with printing. To do so, the print partner must maintain a trustworthy and secure print environment – after all security is one of the things the print vendor is selling to its customers.
Xerox has facilitated this type of secure outsourced printing environment with many organisations, including a major U.S. government customer. In this particular project, the client worked on 17 campus locations across the United States from Florida to California. The customer was required to maintain a high-security deployment environment with several unique constraints including:
• the campuses were co-located on military bases
• the environment faced ongoing attempts at infiltration by agents of foreign governments to obtain technology secrets
• the environment required restricted facility access to U.S. citizens
• the customer faced continuous auditing for compliance with security.
We offered a multi-pronged approach to security, incorporating people, which included a dedicated security analyst, as well as standards and technology. To date all security audits have passed; 95 percent of devices are in secure state; there have been no violations of customer facility policies; and, most impressively, there have been no security incidents resulting in the loss or compromise of data.
These days all organisations, whether in the public or private sector, need to make sure they have processes to support security protocols. They need secure print practices across the board and should certify that every printing device is at the correct, custom level of security for their organisation.
Xerox can help deliver this through our managed print services. We’ve watched our customers gain visibility, control their spending, and enhance document security. This helps them free up budget for innovative projects that can improve efficiency and drive competitive advantage.
Quocirca analyst Louella Fernandes has written a very comprehensive report on closing the print security gap, and it’s definitely worth a read if you’re interested in learning more about this topic.
by Andy Jones, director and general manager, Global Document Outsourcing, Xerox Europe
All of us know that information is a key corporate asset that should be protected, yet no one these days seems too surprised when high-profile data breaches via lost laptops or USB sticks make the news. These stories have drawn attention to flimsy security policies as well as the unreliability of human behaviour. While many organisations have taken steps to limit data loss from devices such as laptops and smart-phones, a more hidden security risk still prevails: the printing environment.
The risks involved with printing documents do not always make headlines, but the fact that a printer offers a connection to an organisation’s entire network should give any business pause for thought.
Understanding the Print Security Gap
Employees use printers to print, fax, copy, scan and send valuable company information across the enterprise network every day - often without a second thought. Today’s multifunction printers (MFPs) offer more data-handling features than ever, including hard drives for storing documents and scan-to-e-mail services, making them as sophisticated as desktop PCs. Enterprises routinely attach MFPs to networks, giving them all the flexibility, and security vulnerability, of any computer on a network. Ultimately today’s MFPs pose the same risk as any unprotected device.
At Xerox, we work with companies to protect their ideas and reduce the chance of theft through a document breach. One manufacturer contacted us after discovering that highly confidential research and development documents were stolen. The company told us that an investigation suggested that the leak occurred in the printing environment. While unfortunate, we helped the company take the necessary steps to secure its environment, and prevent this type of incident from happening again.
By working with many clients to successfully mitigate these types of risks, we have developed a system to help our clients quickly identify specific needs. Using a layered model, we walk clients through a series of questions to determine how best to secure their particular environment. The model’s first layer addresses the security aspects of the IT environment. For example, we carefully review what steps need to be taken to secure the IT environment in order to protect networks and devices from unauthorised network access. As mentioned above, MFPs should be treated like any other device with storage capability.
Remember, today’s MFPs can store print image data which presents a security risk if they’re not wiped before disposal.
The model’s second layer tackles the security of the physical workspace. Conventional wisdom suggests that the best security is to educate users. However most users don’t pay much attention to security, especially when they find it a hindrance to doing their job. Therefore it’s important to put in place a transparent and easy-to-use security solution, which includes measures such as secure print. With secure print, a job is only printed when the user physically types in their unique PIN number and releases the job.
In more extremes ecurity environments there may be a need to physically isolate devices and use operators to handle highly sensitive or secure output. To increase security even further, print governance tools, which add banners and watermarks to printed pages, may also be used. For some of our clients, we have been able to control some of our printing devices to mark pages in a way which can include unique codes. This enables operators to individually identify pages and also prevents copying.
As these examples demonstrate, there is a wide array of security measures available to meet a company’s needs. Whilst requirements vary dramatically across industries (an investment bank’s needs are different from a healthcare provider or manufacturer) we’ve seen an increase in the number of companies that are aware of the risk, and have begun taking some level of action to make their print environment and company secure.
Securing the Print Environment with Managed Print Services
As we entered the millennium, businesses realised that the internet age brought with it more end-user printing. Due to increasingly large volumes, many global businesses looked for ways to radically reduce printing costs. For some, this meant handing over all or part of the print management challenge to a third party. In addition to reducing printing costs, boosting productivity and supporting environmental targets, these companies discovered that managed print services can play an important role in securing confidential and sensitive information.
Here’s why:
When they outsource their printing, businesses engage a partner to assume the potential risk involved with printing. To do so, the print partner must maintain a trustworthy and secure print environment – after all security is one of the things the print vendor is selling to its customers.
Xerox has facilitated this type of secure outsourced printing environment with many organisations, including a major U.S. government customer. In this particular project, the client worked on 17 campus locations across the United States from Florida to California. The customer was required to maintain a high-security deployment environment with several unique constraints including:
• the campuses were co-located on military bases
• the environment faced ongoing attempts at infiltration by agents of foreign governments to obtain technology secrets
• the environment required restricted facility access to U.S. citizens
• the customer faced continuous auditing for compliance with security.
We offered a multi-pronged approach to security, incorporating people, which included a dedicated security analyst, as well as standards and technology. To date all security audits have passed; 95 percent of devices are in secure state; there have been no violations of customer facility policies; and, most impressively, there have been no security incidents resulting in the loss or compromise of data.
These days all organisations, whether in the public or private sector, need to make sure they have processes to support security protocols. They need secure print practices across the board and should certify that every printing device is at the correct, custom level of security for their organisation.
Xerox can help deliver this through our managed print services. We’ve watched our customers gain visibility, control their spending, and enhance document security. This helps them free up budget for innovative projects that can improve efficiency and drive competitive advantage.
Quocirca analyst Louella Fernandes has written a very comprehensive report on closing the print security gap, and it’s definitely worth a read if you’re interested in learning more about this topic.
Friday, February 19, 2010
HP Sees Resurgence In PC And Printer Sales
Thursday, 18 February 2010
By Peter Lavelle
Electronics brand HP has encountered a resurgence in PC and printer sales, generating a 25% leap in net profit for 2010’s 1st fiscal quarter, which closed in January.
PC sales for Hewlett Packard rose 20% to $10.6bn, while printer shipments increased 16% - compared to the same period in 2009. The figures suggest the technology market is recovering, having fallen flat during the global recession.
Hewlett Packard reported net profits of $2.3bn for the first quarter – more than $0.4bn more than last year. Net revenue was up 8% from last year and totalled $31.2bn.
Given this, the company has raised its fiscal forecast for 2010, from $118bn revenue to $121.5bn.
Speaking in the press release, HP CEO Mark Hurd said: "The strength of our portfolio, leaner cost structure and accelerating market momentum give us the confidence to raise our full-year outlook.”
However, revenues were not up across all Hewlett Packard’s portfolio. The Services sector – largely responsible for bolstering HP’s finances in the recession – saw a 1% fall in revenue. Revenues at HP Software were stable at $878m.
Sources
Austine Modine, ‘HP’s PC and Printer Sales Back from the Depths,’ TheRegister.co.uk, 17 February 2010.
Antone Gonsalves, ‘HP Profits Jump 25%,’ InformationWeek.com, 18
By Peter Lavelle
Electronics brand HP has encountered a resurgence in PC and printer sales, generating a 25% leap in net profit for 2010’s 1st fiscal quarter, which closed in January.
PC sales for Hewlett Packard rose 20% to $10.6bn, while printer shipments increased 16% - compared to the same period in 2009. The figures suggest the technology market is recovering, having fallen flat during the global recession.
Hewlett Packard reported net profits of $2.3bn for the first quarter – more than $0.4bn more than last year. Net revenue was up 8% from last year and totalled $31.2bn.
Given this, the company has raised its fiscal forecast for 2010, from $118bn revenue to $121.5bn.
Speaking in the press release, HP CEO Mark Hurd said: "The strength of our portfolio, leaner cost structure and accelerating market momentum give us the confidence to raise our full-year outlook.”
However, revenues were not up across all Hewlett Packard’s portfolio. The Services sector – largely responsible for bolstering HP’s finances in the recession – saw a 1% fall in revenue. Revenues at HP Software were stable at $878m.
Sources
Austine Modine, ‘HP’s PC and Printer Sales Back from the Depths,’ TheRegister.co.uk, 17 February 2010.
Antone Gonsalves, ‘HP Profits Jump 25%,’ InformationWeek.com, 18
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