secwatch.observer — SEC 8-K summary
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Issuer:     XEROX CORP (—)
CIK:        0000108772
Form:       8-K/A
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0001770450-25-000006
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xerox files financial statements for $405M ITsavvy acquisition; ITsavvy revenue $409.6M in 2023
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- Net income of $1.05M on $409.6M revenue for ITsavvy in FY2023.
- Cash consideration $405M; acquisition closed Nov 20, 2024.
- Goodwill $65.9M and intangible assets $111.7M recorded.
- Pro forma data included for nine months ended Sep 30, 2024 and FY2023.
- Change in accounting principle: ITsavvy unwound private company goodwill amortization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108772/000177045025000006/0001770450-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108772/000177045025000006/xrx-20241120.htm
  HTML page:      https://secwatch.observer/filing/0001770450-25-000006

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