Xerox CFO Kathryn Mikells tells TheStreet's James Rogers how the technology giant is planning to boost its services business, which now accounts for 55% of the company's total revenue. Speaking at Xerox's simple@work event in New York, Mikells cites growth in areas such as document outsourcing and managed printing, transportation and healthcare, which generates over $2 billion of Xerox's revenue. Xerox's "highly profitable" technology business will fuel the services push, she adds.

More from Video

TheStreet Rewind: How to Make 'New Fashioned Wall Streeter'; Twist on a Classic

TheStreet Rewind: How to Make 'New Fashioned Wall Streeter'; Twist on a Classic

Thankfully Our Favorite #FearlessGirl is Not Going Anywhere

Thankfully Our Favorite #FearlessGirl is Not Going Anywhere

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?

It's Dumb to Think Legalizing Weed Is Still a Political Issue

It's Dumb to Think Legalizing Weed Is Still a Political Issue

Video: How to Select Mutual Funds in Your 401(k)

Video: How to Select Mutual Funds in Your 401(k)