Industry News

Xerox Reports 4Q 2013 Results

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By: Bridget Klebaur

Director of Performance + Engagement / Chief Performance Officer, Office of the Commissioner, NYC Department of Design and Construction

Xerox announced fourth-quarter 2013 adjusted earnings per share of 29 cents. Adjusted EPS excludes 4 cents related to amortization of intangibles, resulting in GAAP EPS from continuing operations of 25 cents. In the fourth quarter, total revenue of $5.6 billion was down 3% or 4% in constant currency. Revenue from the company’s services business, which represented 55% of total revenue, was $3.0 billion, flat year over year and down 1% in constant currency. Revenue from the company’s document tec...

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