Fuji Xerox Australia has made a profit for the year ended 31 March 2020 despite seeing its revenue contract.
The printing giant saw its revenue fall to $608 million, down 6 per cent from $650 million in 2019.
However, having been landed with a $49 million tax bill in 2019, and subsequently posting a loss of $47 million for that year, Fuji Xerox has since returned to the black with a profit of $5.9 million.
Broken down, Fuji Xerox’s revenue from both customer contracts and sales of goods shrank. However, its services arm grew 53 per cent from $5.8 million to $8.8 million. read more here