Lower Printer Sales Hurt Xerox's Revenue

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Lower Printer Sales Hurt Xerox's Revenue

by Wochit 0:40 mins

Lower Printer Sales Hurt Xerox's Revenue

by Wochit 0:40 mins

Xerox Corporation reported a 2 percent fall in second-quarter revenue, hurt by lower demand in its printing business. Net income attributable to Xerox fell to $266 million, or 22 cents per share, for the quarter ended June 30, from $271 million, or 21 cents per share, a year earlier. Revenue fell to $5.29 billion from $5.39 billion a year earlier. Revenue from its printing business, which accounts for 40 percent of total revenue, fell 6 percent.

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