Inkjet Wholesale News aims to provide updates on the latest significant occurrences in the field of printing. Whether it’s the launch of a new technology or volatility of market prices, we’ll be here to give you the lowdown on what happened, when it happened, and what it means!
Xerox Strategic Transformation Expected To Be Wrapped Up By 2016 End
The great HP split has taken the backseat in printing business circles owing to steady but positive moves from HP Inc. and barely any information from HP Enterprise. The new kid on the block designated to receive maximum attention is Xerox because of the on-going Xerox Strategic Transformation. Even though it is technically being called the Xerox Strategic Transformation, the entire process is essentially Xerox Restructure or Xerox Split.
It seems that these discussions will now be slightly more informed as the Original Equipment Manufacturer (OEM) has released information about the on-going Xerox Strategic Transformation. The Xerox Strategic Transformation is, essentially, a process where the printing industry giant is going to split into two separate entities, with each one being traded publicly on an individual basis.
Xerox has recently revealed that the Xerox Strategic Transformation is on track and that it will be complete before the year ends. The split will require the OEM to intimate the Securities and Exchange Commission through a specific form known as Form 10. The OEM has stated that it plans to be done with the early stages of the Form 10 registration before July, 2016.
Up until recently, the nature of the split was still murky. In other words, nobody knew what entities the Xerox Strategic Transformation would result in. However, the OEM revealed that its due diligence shows the best foot forward will be to split off its BPO business through a tax free process. Despite the OEM explaining that the transaction structure for the separation will be tax free, it won’t be completely expense free.
Its estimates show that the Xerox Strategic Transformation will cost the OEM anything between $200 million and a quarter of a million. These expenses will include the $8 million that the OEM has already incurred in the first quarter of the current fiscal.
The reason why the OEM chose to name the entire procedure Xerox Strategic Transformation as opposed to the simple Xerox restructure or split is that it is planning on streamlining its business along with spinning off a division. For instance, the Xerox Strategic Transformation also comprises a three year strategic transformation programme designed to reduce costs and improve productivity across all Xerox operations.
In fact, such is the import of these aspects of the Xerox Strategic Transformation that the OEM has calculated annualised savings worth $700 million from them.
Apart from updating the world on the progress of its Xerox Strategic Transformation initiative, the OEM also revealed its first quarter financial results for the current fiscal. The results show total revenue of about $4.3 billion, which is about four percent short of what the company achieved in the same quarter of the previous fiscal.
The biggest hit, with respect to revenue, was received by the OEM’s Document Technology business. Xerox’s Document Technology division’s revenues fell by 10 percent, coming to rest at $1.6 billion. In contrast, the highest contributor to its bottom line showed improvement in revenue garnered.
Xerox’s Services division contributes about 58 percent to its overall revenue. The numbers of the OEM’s Services division were encouraging as they rose by one percent to arrive at $2.5 billion.
While the OEM’s overall revenues dropped by four percent, its operating margins declined by 7.2 percent.
Samsung Targets SMEs with Its New MFP Series, ProXpress C30
Samsung is categorically going after the Small to Medium Enterprises (SMEs), if its recent printer model launches are anything to go by. The OEM has introduced its brand new ProXpress C30 series of printers designed explicitly for small to medium scale businesses.
The ProXpress C30 consists of three new printer models which are the ProXpress C3010ND, the ProXpress C3060ND, and the ProXpress C3060FR. While they’re targeted at SMEs in general, they will specifically be beneficial for SMEs such as retail and professional services providers. The reason for this is that such businesses often require a unique mix of high print quality, increased productivity, and significantly low operating costs.
The ProXpress C30 series of printers are specifically built to deliver high quality at a lower total cost of ownership. Printers in this series utilise high yield toner cartridges and what is called the Instant Fusing System. Each of the high yield toner cartridges is capable of printing a minimum of 5,000 pages with the larger variants capable of 8,000 pages.
The Instant Fusing System means that the toner is fused with the paper more quickly than what is seen in competing printer models within the same segment. This means lower energy consumption which reduces the total cost of ownership involved with these printers. Additionally, a quicker fusing process also reduces the time a document takes to be printed or copied.
The resolution at which the ProXpress C30 series of printers can print is also above par. These printer models are capable of generating prints at 9600 x 600 dots per inch (dpi). The printers also boast of Samsung’s Rendering Engine for Clean Pages (ReCP). The purpose of the ReCP is to remove details and elements in documents that are not required or unnecessary.
Since these printers are also required to deliver decent volume of prints, they need to print at a good speed. The printing speed of ProXpress C30 series of printers is to the tune of 30 pages per minute (ppm) owing to a 50 percent faster processing system based around 800 megahertz dual core CPU. The paper capacity of these printers is 1,400 sheets.
The launch of the new ProXpress C30 series of printers of Samsung is a part of its concerted effort to compete with other more established players in the enterprise printing sector such as HP, Sharp, and Canon.
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