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Traders should "rethink" one tech stock associated with an old corner of the industry — making printers and scanners, according to one investor. They're expanding in all aspects of net based cloud services for all business enhancements," Blancato said. He added that it's now a tech company trading at valuations "significantly better" than any other tech company. "Rethink the name Xerox, it's going to surprise you what they can do in the next couple of years," he said. In the years before, however, its annual dividend per share was as low as $0.17 in 2012.
Persons: Philip Blancato, CNBC's, Blancato, Steve Bandrowczak, FactSet, Xerox's Organizations: Xerox, Asset Management, Nasdaq
Xerox CEO on company's service offerings and future growth
  + stars: | 2023-07-31 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXerox CEO on company's service offerings and future growthSteve Bandrowczak, Xerox CEO, joins 'Squawk on the Street' to discuss the chief executive's insights into enterprise spending, the company's service offerings, and more.
Persons: Steve Bandrowczak Organizations: Xerox
Steve Bandrowczak, the CEO of Xerox, leaned on company culture to execute his goals. But as economic forecasts began to sour in early 2023, and experts predict a likely recession this year, Bandrowczak began to count on Xerox's company culture to execute his goals. Build a culture of resilienceHow do you build a company culture of resilience? To prepare teams across your organization effectively for constant evolution through technology, be intentional when introducing new systems and strategies. "The biggest hurdle is the culture, the easiest part is the technology side of it," Bandrowczak said.
Xerox — Shares plunged 15% after the seller of print and digital document products and services reported disappointing earnings and cut its full-year revenue guidance. Brown & Brown — Shares of the insurance company dropped 11% after Brown & Brown missed earnings expectations. Brown & Brown posted earnings of 50 cents per share on revenue of $927.6 million. PulteGroup — The home construction company jumped 5.9% despite disappointing earnings expectations. General Motors — Shares of General Motors rose 3.6% after the automaker handily beat third-quarter earnings expectations.
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