Recharger : OEMs Report Weak 3Q 2012 Financials

Xerox Reports Decline in 3Q12 Financials

On October 23 Xerox announced third-quarter 2012 financial results. Total revenue of $5.4 billion was down 3 percent compared to last year. Equipment sales totaled $664 million, declining 17 percent from the year-ago quarter. Supplies business also dropped in 3Q12, reaching $540 million this year, representing an 8 percent decline from the $584 million in supplies business Xerox reported last year. The bright spot in Xerox’s financial results was in its services business, which increased by 6 percent. According to the company’s statement, it generated $594 million in cash from operation and is on track to deliver full-year operation cash flow of $2 billion to $2.3 billion.

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Lexmark Reports Weak Third-Quarter Financials

Nearly two months after Lexmark announced it would exit the inkjet business, the OEM released its third-quarter 2012 financial results. Lexmark reported 3Q12 revenue of $919 million, down from $1.035 billion last year, and net earnings of $65 million compared to $74 million in 2011. Lexmark’s Imaging Solutions and Services (ISS) revenue of $879 million declined 13 percent compared to the same period last year, and hardware and supplies revenue declined 24 percent and 10 percent, respectively. According to the company’s statement, "Lexmark’s focus continues to be on growing workgroup laser hardware and supplies, MPS and software revenue as inkjet continues to become a less significant portion of the company’s revenue mix." In the fourth quarter of 2012, the company expects revenue to decline between 10 and 12 percent year over year.

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Gartner Identifies the Top 10 Strategic Technology Trends for 2013

Gartner, Inc. highlighted the top 10 technologies and trends that will be strategic for most organizations in 2013. Five of these technologies and trends include mobile device battles, the "Internet of Things," hybrid IT and cloud computing, strategic Big Data and integrated ecosystems. According to Gartner’s statement, "these technologies are emerging amid a nexus of converging forces – social, mobile, cloud and information. Although these forces are innovative and disruptive on their own, together they are revolutionizing business and society, disrupting old business models and creating new leaders. As such, the Nexus of Forces is the basis of the technology platform of the future."

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Industry Pulse

What’s your current state of mind when thinking about the state of the industry? Are you feeling optimistic, pessimistic or something in between? Share your thoughts with us and the rest of the industry. Cast your vote in our latest poll and look for the results both online and in Recharger Magazine’s December’s issue.