Xerox pencils $355 million as tech spends for 7-year TCS deal

More than a month after signing an IT transformation agreement with Tata Consultancy Services, digital printing company Xerox said it has a $355 million tech spending commitment under the seven-year contract.

In a regulatory filing in the US, Xerox also disclosed its spending commitment with Microsoft at $125 million and with SAP at $45 million for the same period under this multi-party agreement.