NEW YORK - Xerox Corp., the world's largest provider of office printers, copiers and related services, posted lower quarterly net income Tuesday, hurt by restructuring costs, but sales of its digital color systems improved.
The company, whose growth is driven by high-end printing and document-management services, said net income fell to $214 million, or 22 cents a share, from $282 million, or 27 cents a share, a year earlier.
Excluding costs related to restructuring, profit was 38 cents a share. Analysts had expected 37 cents, according to Reuters Estimates.
Over the past three years, Xerox has grabbed market share with new digital printers and office systems, but it still struggles to lift revenue. Xerox expects that over time its digital sales will yield higher profit margins.
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