Xerox reports last quarter’s earnings
Total revenue up 9.2% to $1.94 billion
- Hardware revenue of $554 million
- Color A4 MFP installs up 59%
- B/w A4 MFP installs down 35%
- Color A3 MFP installs up 56%
- b/w A3 MFP installs up 68%
- PPS color installs up 1%
- PPS b/w installs down 8%
- Post sale revenue of $1.387 billion
- Operating income up to $178 million
- Net income of $121 million
- Gross margin of 34.8%
- R&D now 3.6% of revenue
- Operating margin down to 3.9%
- $246 million order backlog
- Total debt $3.7 billion