) recently secured a five-year contract worth $100 million from
The Texas Department of Transportation (TxDOT) to provide
customer service and toll operations to the state of Texas. The
business process and document management company will also assume
responsibility for the physical maintenance of the toll plaza
buildings and will provide roadway assistance.
Xerox will establish a new customer service operation in Austin,
Texas. It will be required to process approximately 8 million
monthly toll transactions and manage over 750,000 accounts at the
same time. Xerox was handed the contract to ensure efficient and
accurate transaction processing in TxDOT while providing a safe
and pleasant trip to the travellers.
The customer service operations likely to be offered by Xerox
will include transaction processing, license plate image review,
invoicing, collections, transponder sales and management. Also,
Xerox will have to maintain the toll plaza buildings while
working on Courtesy Patrol on the TxDOT toll roads in Austin.
Headquartered in Norwalk, Conn., Xerox is a leader in the
development, manufacture, marketing, servicing and financing of
document equipment across the world. The company has three
operating segments - Technology, Services and Others. Xerox
serves clients in 160 countries, providing business services,
printing equipment and software for commercial and government
Xerox is looking forward to expand its offerings through
inorganic measures and new acquisitions to add more clients to
its portfolio. In the last reported quarter, Xerox reported total
revenue of $5.4 billion.
Xerox currently has a Zacks Rank #3 (Hold). Other stocks that
look promising in the industry and are worth a look now include
Nitto Denko Corporation
), with a Zacks Rank #1 (Strong Buy), and
), both carrying a Zacks Rank #2 (Buy).
CANON INC ADR (CAJ): Free Stock Analysis
HARRIS CORP (HRS): Free Stock Analysis Report
NITTO DENKO CP (NDEKY): Get Free Report
XEROX CORP (XRX): Free Stock Analysis Report
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