Anne Mulcahy
Anne Mulcahy
Anne M. Mulcahyis former chairperson and CEO of Xerox Corporation. She was named CEO of Xerox on August 1, 2001, and chairwoman on January 1, 2002. In addition to serving on the Xerox board, she has been a member of the boards of directors of Catalyst, Citigroup Inc., Fuji Xerox Co. Ltd. and Target Corporation...
costs delivered earnings fourth gross increased lower met performance quarter year
Our earnings performance in the fourth quarter met expectations with increased gross margins, lower costs and operational improvements. We delivered another quarter - and another year - of earnings growth.
clearly element improved operations performance plan return stage turnaround
Our performance demonstrates that we have significantly improved our operations and strengthened our liquidity, ... We have consistently and effectively executed on every element of our turnaround plan and have clearly set the stage for a return to full-year operational profitability.
equipment mix product sales shift stronger
Equipment sales were impacted by a more significant shift in product mix with stronger sales of lower-priced systems.
aspiring authors business change conceive create creating digital doors drive leverage opening people program publishing recognizes sea technology xerox
Digital publishing technology is opening new doors to new authors, ... The Xerox Aspiring Authors program recognizes the people who conceive the ideas, create the stories, drive the new business models, and leverage the new technology that is creating a sea change in digital publishing.
direct focus force research sales
direct sales force and the focus of our research and development investments.
costs direct due encouraged gross impact increased largely profit
While encouraged by annuity growth, I am disappointed in our gross profit decline. This was largely due to increased costs and had a direct impact on our first-quarter earnings.
capturing deals fuel share winning
We're capturing share and winning the deals that fuel long-term gains.
accelerate building continue delivering drive efficiency improve momentum products services uncertain xerox
For Xerox to continue building momentum in this uncertain economy, we need to accelerate our drive to improve efficiency while delivering competitive products and services to our customers,
businesses
Businesses need to be 24/7, ... Individuals don't.
bringing complement experience leader leadership maggie proven record serve serving skills solutions strong talent track xerox
Maggie is an exceptional leader with a proven track record of bringing innovative, technology-based solutions to market. Her experience and strong leadership skills will serve Xerox and its shareholders well and complement the outstanding talent serving on our board.
achieving doubt focus found growth last longer operations progress recovery reflect renewed required results reviews situation though time visits
Though disappointing, these results reflect the difficulties found in our visits and reviews of operations around the world over the last two months. There is no doubt that the time required for recovery is longer than previously anticipated. Stabilizing the situation has been our focus and much progress has been made, but achieving renewed growth will take more time.
august despite dramatic driven economic events evidence exceeded expected improved july last loss resulted results revenue since weeks
Despite expected revenue declines, our results in July and August exceeded expectations, evidence of our much improved operations, ... However, the dramatic economic downturn since the events of Sept. 11 resulted in an unprecedented loss in September, driven by disproportionate revenue decreases during the last two weeks of the month.
decision keeps touch
It keeps us in touch with the real world. It grounds us. It permeates all of our decision making.
account actions activity additional balance billion fourth including jobs quarter reduction savings since taken third worldwide yield
We are aggressively implementing our cost-reduction plans, which will yield more than $1 billion in savings by the end of 2001, ... Since the third quarter of 2000, we have taken actions that account for more than one-third of this target, including the reduction of approximately 2,000 jobs worldwide in the fourth quarter. This activity will intensify with the reduction of 4,000 jobs in the first quarter and additional reductions through the balance of the year.