Xerox expands share repurchase authorization by $1B Building on its share repurchase plan, the company’s board of directors approved a $1Bincrease to the current authorization. Xerox expects to allocate at least $400M in cash for share repurchase next year, adding to the $900M to $1.1B in stock buyback planned for this year.
Xerox selected by New York for $564.9M Medicaid system contract Xerox announced it will work with the state of New York to update its Medicaid claims processing system under a $564.9M, five-year contract with the New York State Department of Health. Under the pact , Xerox will implement its Health Enterprise solution to help manage expanding Medicaid rolls. New York Medicaid currently serves over 6M people, the company noted.