On Wednesday, in the course of current trade, Shares of Xerox Corporation (NYSE:XRX), gained 1.68%, and is now trading at $11.51.
At its annual meeting of shareholders held here recently, Ursula Burns, chairman and CEO of Xerox (XRX), highlighted the company’s solid financial position; the benefits of its diverse portfolio; and the steps Xerox is taking to drive long-term profitable growth.
Burns noted that Xerox delivered value for shareholders in 2014 by:
- Growing adjusted earnings per share by 3 percent to $1.07 and GAAP earnings per share by 1 percent to $0.90
- Posting $19.5 billion in full-year revenue
- Delivering $2.1 billion in operating cash flow
- Repurchasing $1.1 billion in Xerox shares and paying over $300 million in dividends
- Increasing the common stock dividend per share by 8.7 percent
- Announcing an agreement to sell its Information Technology Outsourcing (ITO) business to Atos for just over $1.0 billion preceding to closing adjustments, enabling the company to use the funds toward its 2015 capital allocation strategy, which comprises about $1 billion for repurchasing shares.
Xerox Corporation provides business process and document administration solutions worldwide. The company’s Services segment offers various business process outsourcing services, such as customer care, transaction processing, human resources, communication and marketing, and consulting and analytics services, in addition to finance, accounting, and procurement services.
During an Afternoon trade, Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD), dipped -0.48%, and is now trading at $12.32.
Marist College recently declared it selected Brocade Communications Systems, and IBM (NYSE:IBM) to assist prepare its students for careers in computer networking by providing them training on networking technologies ideally suited to cloud computing.
Through the partnership Marist will introduce software-defined networking (SDN) and network functions virtualization (NFV) technologies in the Marist College SDN Lab, two cutting-edge networking architectures optimal for cloud computing that virtualized different networking functions to lower costs and enable new features.
Due to the enhance in mobile devices and the content they serve up, network architects, network specialists and network administrators are the fastest growing professions. According to the U.S. Bureau of Labor Statistics, the network administrator profession alone is predictable to grow 12 percent by 2022. By assisting students build proficiency across networking solutions from multiple vendors and an understanding of the shift from hardware to software-based networking, Brocade and IBM will assist ensure that computer science students are prepared to capitalize on this opportunity.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments.
Shares of Actavis plc (NYSE:ACT), during its Wednesday’s current trading session gained 0.11%, and is now trading at $298.75.
Actavis, declared that NAMZARIC™ (memantine hydrochloride extended-release and donepezil hydrochloride), a once-daily, fixed-dose combination of memantine hydrochloride extended-release (a NMDA receptor antagonist), and donepezil hydrochloride (an acetylcholinesterase inhibitor), is now accessible to patients and healthcare professionals across the United States. NAMZARIC was approved by the U.S. Food and Drug Administration (FDA) in December for the treatment of moderate to severe Alzheimer’s disease in patients stabilized on memantine hydrochloride and donepezil hydrochloride.
“We’re excited to make once-daily NAMZARIC accessible as another treatment option for patients with moderate to severe Alzheimer’s disease,” said Bill Meury, Actavis President, Branded Pharma. “Since the launch of NAMENDA XR® (memantine hydrochloride) in 2013, the two medications, NAMENDA XR and donepezil, have been commonly prescribed in combination with one another to treat the symptoms of moderate to severe Alzheimer’s disease. NAMZARIC offers an option with the benefits of both treatments, while reducing the number of pills a patient and their caregivers need to administer each day, to treat this disease.”
Actavis plc, a specialty pharmaceutical company, develops, manufactures, markets, and distributes generic, branded generic, branded, biosimilar, and over-the-counter (OTC) pharmaceutical products. It operates in three segments: North American Brands, North American Generics and International, and Anda Distribution.
Finally, Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB), gained 2.63% Wednesday.
In celebration of Memorial Day, Red Robin Gourmet Burgers, Inc. is proud to offer all veterans, stepped down, active duty and military spouses, who are also Red Robin Royalty members, a FREE appetizer with any purchase of at least $10 between Saturday, May 23 and Monday, May 25, at participating Red Robin restaurants nationwide. Red Robin’s support for its military guests also extends beyond Memorial Day Weekend with special surprise and delight offers throughout the year in its Red Robin Royalty rewards program.
“Red Robin is committed to honoring the courageous men and women who serve our country,” said Lee Dolan, Red Robin’s chief marketing officer. “This Memorial Day offer is a small token of our appreciation for their bravery and service. We look forward to seeing all of our distinguished military guests and having a chance to serve them this Memorial Day weekend.”
Red Robin Gourmet Burgers, Inc., together with its auxiliaries, develops, operates, and franchises casual-dining and fast-casual restaurants in the United States and Canada. As of December 28, 2014, it had 514 restaurants, counting 415 company-owned restaurants and 99 franchised restaurants. The company was founded in 1969 and is headquartered in Greenwood Village, Colorado.
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