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Xerox and State of Victoria (AU) Announce Joint Venture to Solve the Global Problem of Aging Infrastructure

Announcing the launch of Eloque, a groundbreaking Joint Venture (JV) with the State of Victoria (Australia) to commercialize our industrial IoT offering for remote-monitoring of the structural health of bridges. While the initial focus is on bridges, this technology is versatile and the JV plans to adapt it to other critical infrastructure. This announcement is consistent with our enhanced focus on productization of our PARC innovation, which we communicated earlier this year. Read more ...

Xerox Releases First-Quarter Results, Affirms Guidance

“In the first quarter, in an environment where many offices remained closed, we grew equipment sales and IT Services revenue year-over-year. I am proud of how our employees have continued to deliver for our customers during the pandemic. We made progress toward standing up XFS, Xerox Software and PARC Innovation as separate businesses, which we now expect to complete in calendar year 2021.” - Xerox Vice Chairman and CEO John Visentin

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