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Company discusses impending split, drop in 3Q revenue
Designing more efficient products while simplifying its organizational structure are key goals at Xerox Corp. as the company prepares to split into two publicly traded companies by year-end.
Company leaders-current and future-spoke about the changing Xerox last week during a conference call to discuss Xerox's third-quarter financial results.
The company plans to be two separate entities: Xerox will comprise the company's document technology business and will be led by Jeff Jacobson; Conduent Inc. will be a business process services company led by Ashok Vemuri.
"Our strategic transformation program and separation are designed to fundamentally strengthen our businesses and align them closely with the demand of our clients and opportunities in the market," said Ursula Bums, Xerox chairman and CEO. "We are embedding productivity and cost efficiency into all areas of our business, which will benefit us for...