Xerox acquires Canada-based IT services provider Powerland

  • Xerox (XRX) acquired Canada-based IT services provider Powerland in a cash deal.
  • The acquisition strengthens Xerox 's IT services offerings in North America, which include cloud, cyber security, end user computing and managed services.
  • Powerland serves customers in Canada and provides technology solutions including cloud, hybrid cloud, cyber security, and end-user computing solutions.
  • Xerox said the acquisition continues its commitment to expand its IT services business. Xerox acquired U.K.-based ITEC Connect Group , and Canada's Digitex in March 2020, and Vermont-based Competitive Computing (C2) in October 2021.

    For this year Xerox 's (located in Norwalk) revenue will be around 7.04 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2021's revenue of 7.04 billion USD.

    Historical revenues and results Xerox plus estimates 2021

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    The analysts expect for 2021 a net profit of 261 million USD. For this year the consensus of Xerox 's result per share is a profit of 1.58 USD. So the price/earnings-ratio equals 12.63.

    Huge dividend Xerox

    For this year the analysts expect a dividend of 1 USD per share. Thus the dividend yield equals 5.01 percent. The average dividend yield of the hardware & equipment companies equals a limited 1.41 percent.

    Xerox 's market capitalization is based on the number of outstanding shares around 3.96 billion USD. -16

    Historical stock prices Xerox

    historical stocks xerox

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