Date: Monday January 30, 2006 09:50:00 am
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Meagre Q4 for Xerox
January 2006 – Stamford
(CT): Xerox has announced a 2 per cent Q4 revenue drop to $4.25 billion
from $4.33 billion last year, largely due to declining use in
traditional copying technology, which offset gains in digital copiers
and printers.
Net income rose 18 per cent to $282 million, or EPS of $0.27, from $240
million, or EPS of $0.24, last year on cost-cutting and lower taxes and
interest expense.
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