*NEWS*MEAGRE 4TH Q. FOR XEROX

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*NEWS*MEAGRE 4TH Q. FOR XEROX

 user 2006-01-30 at 9:50:00 am Views: 91
  • #14283

    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.