Xerox continues to expect to end year with $7.8B of debt

theflyonthewall.com

Expects $300M in dividend payments for the full-year. Continues to expect to do at least $700M in share repurchase in FY14. FY14 cash flow guidance remains $1.8B-$2B. Says drivers to FY14 EPS guidance includes the expectation of FY14 tax rate to be between 24%-26%, fewer shares, and margin upside in Document technology to offset Services pressure. Says Document Technology revenue for FY14 is trending as expected. Says Services growth revenue is anticipated to show low-single digit growth in 2H14. Comments taken from slides of the company's Q2 earnings conference call presentation.

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