
Ricoh Europe Implements Measures for Accelerated Transformation and Growth
Description
This IDC Market Perspective reviews Ricoh’s FY24 financial results and performance against strategic goals, as well as assesses the impact of recent major announcements on Ricoh’s European business. It updates Ricoh Aligns European Initiatives to Corporate Strategy for Value Improvement (IDC #EUR152728624, November 2024).“Ricoh working to boost its profitability through accelerated sales growth and continually improving its operational efficiency as the market evolves, subject to increasing disruptive global factors,” said Jacqui Hendriks, associate research director, European Print Vendor Transformation Strategies, IDC. “Ricoh’s recent European announcements mark a rebalancing of internal and external resources as well as talent, setting the groundwork for building momentum. However, Ricoh must more easily facilitate leveraging synergies across its operating companies and acquired companies, having fallen short of corporate targets.”
Table of Contents
11 Pages
Executive Snapshot
New Market Developments and Dynamics
Corporate Value Improvement Project Update
FY24: Challenges in Balancing Transformation with Healthy Financial Performance
Focus on Europe
New Channel Partner Program and ServiceNow Alliance Set to Transform Ricoh in Europe
Ricoh Europe Set to Launch Channel Program
Ricoh Europe’s Strategic Alliance with ServiceNow to Provide an AI-Enabled Seamless Customer/Employee Experience
Business Outlook
Advice for RICOH
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