Each quarter, Photizo produces a series of financial reports covering select hardware manufacturers. This week, into next week, we will be giving you a sneak peek of these reports. These reports are available for purchase at $499 per individual report, or can be packaged for special pricing (contact Hannah Smith, hsmith@photizogroup.com, +1 859.846.9830 ext. 117).
By Charles LeCompte, Photizo Group
Ricoh turned in mixed quarterly financial results on July 31. For its 2013 first quarter ending June 30, the company’s revenue was down slightly, but its operating income soared. Last quarter, the firm projected a slight increase in revenue for the full year and despite a new expectation that the yen will strengthen against the euro more than it previously anticipated, Ricoh said it is “determined” to achieve its initial projection.
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