Xerox reports on last quarter’s earnings

Xerox reports on last quarter’s earnings

• Total revenue up 0.4% to $1.75 billion
  • `Total sales of $696 million
    • Hardware sales of $420 million
    • A4 sales of $63 million
    • Color A4 units down 43%
    • b/w A4 units down 5%
    • A3 sales of $270 million
    • Color A3 units up 21%
    • b/w A3 units up 16%
• PPS sales of $82 million
  • Color PPS units up 8%
  • b/w PPS units down 8%
  • Post sales revenue of $1.334 billion
• GAAP loss of -$0.41 per share
  • Operating margin of 6.1%
  • Gross margin of 34%
  • Research & development expense of 3.2%
  • Pre-tax loss of $89
  • Total liabilities of $6.953 billion
    • Short term debt of $891 million
    • Long term debt of $2.225 billion