Xerox Advances Reinvention with the Integration of Lexmark, Stability in Revenue, and a Change in Executive Leadership

This IDC Market Perspective offers an update on the latest earnings results of Xerox, as well as near-term plans for the recently completed Lexmark acquisition. IDC has observed the continued advancement of Xerox's stated Reinvention in recent weeks. Last, the company has also announced a transition in senior leadership as John Bruno has decided to pursue a CEO opportunity outside of the company. In his place, Louie Pastor will become Xerox's president and chief operating officer, starting as of September 1. This document examines these latest events in the context of what they mean for Xerox and the broader print and document industry. "Change and transformation are the operative themes at Xerox as it continues to execute Reinvention. Reversing its financial trend performance remains gradual, albeit with much work yet to be done," said Keith Kmetz, program vice president, Imaging, Printing, and Document Solutions, IDC. "The company has quickly integrated Lexmark into the Xerox fold, so we should begin to see the benefits of this move in short order. Change also continues in the executive ranks, but Xerox has responded so that the momentum of Reinvention is maintained."