Industry News

Xerox Reports 3Q 2013 Earnings

Revenue of $5.3 billion, flat from third quarter 2012

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox announced third-quarter 2013 adjusted EPS of 26 cents, which excludes 4 cents related to the amortization of intangibles, resulting in GAAP EPS from continuing operations of 22 cents. In the third quarter, total revenue of $5.3 billion was flat from the prior year or down 1% in constant currency. Revenue from the company’s services business was up 3% with a segment margin of 9.9%. Services revenue now represents 56% of Xerox’s total revenue. The company’s document tech...

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