Xerox Corp (NYSE:XRX) Subsidiary Signs an Agreement with Authentix

by Eric Jacobson | Tuesday, Apr 1, 2014 | 1529 views

Boston, MA 04/01/2014 (usastockreports) – Xerox Corp (NYSE:XRX) subsidiary, Xerox Research Centre Canada, has entered into an agreement with Dallas based Authentix Inc., a leading provider of anti-counterfeiting solutions for the supply of materials for research services. Authentix provides integrity solutions to the oil and gas industry currency and also provides branded products as well as tax stamp markets.

Xerox Research Centre Canada, vice president and director could not hide his joy of signing the value adding agreement with Authentix, expected to be highly beneficial to the company’s scientist especially in the research world. This marks another milestone for the company as it strives to strengthen its scientific role in the Canadian innovation industry.

XRCC scientists specialize in designing and developing new electronic materials with specialty components that are environmentally friendly. This partnership is set to benefit the company in terms of revenue, adding to its wide range of successful acquisitions.

Xerox Successful Acquisitions

Xerox Corp (NYSE:XRX) has in the recent past acquired a number of entities that have continued to revolutionize the way it carries out its operations while at the same time increasing its channels of revenue collection. February 2010 saw the company acquire Affiliated Computer Service ACS for $6.4 billion and last year it completed the acquisition of DocuShare enterprise content management ECM platform.

Recently the company also announced plans of a possible takeover of German based Invoco Holding GmbH, which will essentially enable it expand its customer care services across Europe.

Xerox Financial Status

Xerox shares currently sell at a trailing P/E ratio of 10.15x essentially trading at a discount, compared to the industry average. Its price to book ratio of 1.14x with a price to sales ratio of 0.65x still trails that of the industry average. Xerox’s earnings per share in its recent quarter dropped to a low of $0.25 per share.

Xerox Corp (NYSE:XRX)’s stock was up and going on Monday trading session moving up by highs of 2.17% to close the day at a high of $11.30.

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