Xerox gives out last quarter’s earnings info
Claims to have $350 million on backorder for equipment
- Total revenue down 7.9% to $1.78 billion
- Earnings per share were a loss of $3.97
- Net loss of $675 million
- Operating income down 53.3% to $86 million
- Equipment sales revenue down 24.7% to $384 million
o Color A4 MFPs down 10%
o b/w A4 MFPs up 24%
o Color A3 MFPs down 22%
o b/w A3 MFPs down 28%
o b/w production print down 5%
o color production print flat
- Post sales revenue down 1.9% to $1.393 billion
- Research & development is 4.2% of revenue
- Total liabilities = $8.6 billion