One of Xerox Corporation NYSE:XRX businesses Affiliated Computer Services (ACS) announced a $200 million, five-year agreement with MGM Resorts International to provide managed information technology services.
Moreover, ACS will bring high-tech expertise to Las Vegas when it establishes a locally -based Center of Excellence. The center will work by applying the latest technological innovation to support MGM Resorts International by using best practices that have been successful in other industries.
Affiliated Computer Services’ Centers of Excellence serve as flagship delivery centers that attract multiple clients seeking applied innovation and expertise.
Xerox Corporation NYSE:XRX on April 01, 2011 increased 2.16% to the closing price of $10.88. The overall volume in the last trading session was 23.56 million shares. Its fifty two week range was $7.67-$12.08. The total market capitalization remained $15.23 million.
XRX is forward from its 52 week low with 43.47% and going behind from its 52 week high price with 9.25%. XRX last month stock price volatility remained 2.42%. In its share capital XRX has 1.40 billion outstanding shares and among them 1.35 billion shares have been floated in market exchange. XRX stock institutional ownership included 84.51% while the insider ownership included 0.14%.
The stock price of XRX is moving forward from its 20 days moving average with 5.24% and remote positively from 50 days moving average with 2.17%. XRX current year earnings per share decreased with 21.62% while its current quarter performance remained -5.14%. Company’s beta coefficient included 1.58. Beta factor measures the amount of market risk associated with market trade.
Xerox Corporation is a $22 billion leading global enterprise for business process and document management. Through its broad portfolio of technology and services, Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their real business. Headquartered in Norwalk, Conn., Xerox provides leading-edge document technology, services, software and genuine Xerox supplies for graphic communication and office printing environments of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive business process outsourcing and IT outsourcing services, including data processing, HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide. The 136,000 people of Xerox serve clients in more than 160 countries
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