Xerox To Deploy Verizon Network As A Service Solutions Framework For IT Modernization
Portfolio Pulse from Benzinga Newsdesk
Xerox Holdings Corporation (NASDAQ:XRX) is adopting Verizon's (NYSE:VZ) Network as a Service (NaaS) Solutions to modernize its IT infrastructure. This move is part of Xerox's broader Reinvention strategy, aiming to create a more efficient IT environment and foster innovation and growth by dynamically scaling network resources.
February 27, 2024 | 9:39 am
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Verizon's partnership with Xerox to provide its NaaS Solutions framework could enhance Verizon's position in the enterprise solutions market and potentially lead to increased revenue from service contracts.
The partnership with Xerox allows Verizon to showcase its NaaS Solutions to a broader audience, potentially increasing its market share in the enterprise solutions sector. This could lead to increased revenue from service contracts and a positive impact on Verizon's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Xerox's adoption of Verizon's NaaS Solutions marks a significant step in its IT modernization efforts, potentially leading to improved operational efficiency and innovation.
Xerox's decision to adopt Verizon's NaaS Solutions is a strategic move to enhance its IT infrastructure, which is crucial for its Reinvention strategy. This partnership could lead to significant improvements in operational efficiency and innovation capabilities, positively impacting Xerox's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90