- Xerox (NYSE:XRX) has agreed to sell its IT outsourcing unit to French IT services firm Atos for $1.05B.
- "By divesting the slower-growing unit...Xerox can now focus on building up the faster-growing units, business process outsourcing and document outsourcing," said president of Xerox services business Robert Zapfel.
- Xerox also revised its adjusted earnings forecast of $0.28-$0.30 per share for the current quarter ending Dec. 31 from $0.30-$0.32 per share. Analysts were expecting a profit of $0.31.
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XRX +3.7% AH