Lexmark Releases Mixed Results
Ink company Lexmark International has released a mixed quarterly report, with the printing and ink specialist seeing a year-on-year drop in revenue.
The company earned $992.5 million (£616 million) in sales during the time period, which represents a drop from the $1.03 billion that it generated in the same time frame 12 months ago.
Lexmark chief executive Paul Rooke said: "We were down on revenue from a year ago. Our core growth wasn’t enough to counter the legacy [printer] business, but we do expect growth overall in the second half of the year."
The company also estimates that its revenue will drop year-on-year by between seven and nine per cent in the second quarter.
Despite these latest mixed results, Lexmark performed strongly in the market last year and was acknowledged as a leader in the MPS market by IT market research organisation IDC.
It also picked up an honour in the 2012 Manufacturing Leadership 100 Awards.
Posted by Johnny McMaster.