Welcome to the latest edition of Manic Monday, The Cannata Report’s compilation of document imaging industry news highlights from the previous week that are condensed for a quick read. For more detailed information on a specific news story, please click on the link for each item.
Here are the news highlights from July 25-29.
Xerox announced its 2022 second-quarter results, reporting 1.75 billion of revenue, down 2.6 percent year-over-year or up 1.1 percent in constant currency and GAAP (loss) earnings per share (EPS) of $(0.05), down $0.51 year-over-year, and adjusted EPS of $0.13, down $0.34 year-over-year.
PRINTING United Alliance applauds this week’s Congressional action to pass the CHIPS and Science Act of 2022 so that President Biden can sign the bill into law. This bipartisan consensus addresses the continued supply chain challenges posed by the critical semiconductor chip shortage, which has affected multiple industries, including print.