Lower Printer Sales Hurting Xerox's Revenue

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Lower Printer Sales Hurting Xerox's Revenue

 user admin 2014-08-03 at 1:15:17 pm Views: 214
  • #29753

    Lower Printer Sales Hurting Xerox's Revenue

    (Reuters) – Xerox Corp reported a 2 percent fall in second-quarter revenue, hurt by lower demand in its printing business.
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    Net income attributable to Xerox fell to $266 million, or 22 cents per share, for the quarter ended June 30, from $271 million, or 21 cents per share, a year earlier.

    Revenue fell to $5.29 billion from $5.39 billion a year earlier. Revenue from its printing business, which accounts for 40 percent of total revenue, fell 6 percent. (Reporting by Soham Chatterjee in Bangalore; Editing by Savio D'Souza)
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