Industry News

Xerox Reports 2Q 2013 Earnings

Revenue of $5.4 billion, up 1%

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox announced second-quarter 2013 adjusted EPS of 27 cents, which excludes 4 cents related to the amortization of intangibles. GAAP EPS from continuing operations was 23 cents. Revenue was $5.4 billion, up 1%. Revenue from the company’s services business was up 5%, which includes 4% growth from business process outsourcing, 6% growth in document outsourcing and 13% growth from IT outsourcing. Services revenue represents 55% of Xerox’s total revenue. “Through the breadth...

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