Xerox reports last quarter’s earnings
Total revenue down 2.5% to $1.67 billion
o Hardware revenue down 17.6% to $314 million
b/w A4 MFP units down 39%
Color A4 MFP units flat
Color A3 MFPs units down 9%
B/w A3 MFPs units down 61%
Color PPS units down 29%
B/w PPS units down 15%
o Post sale revenue up 1.9% to $1.354 billion
- Operating margin down to negative 0.2%
- Loss of $0.12 per share or $56 million
- Claims to have added 24 new dealers
- Research & development down to 4.7% of revenue
- Total debt of $4.3 billion