Industry News, Printers News

Xerox Reports 1Q 2014 Earnings

Revenue of $5.1 billion and operating profit of $442 million, up 13 percent year over year

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox announced first quarter 2014 adjusted earnings per share of 27 cents. Adjusted EPS excludes 4 cents related to amortization of intangibles, resulting in GAAP EPS from continuing operations of 23 cents. Total revenue in the first quarter was $5.1 billion, down 2%. Revenue from the company’s Services business, which represented 57% of total revenue, was $2.9 billion, flat year over year. Revenue from the company’s Document Technology business, which represented 40% of total revenue, was $2.0...

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