Xerox Releases Q1 2012 Report
Xerox has released its first quarter 2012 earnings, which revealed a revenue increase of one per cent.
In the three month period, the ink giant's total revenue stood at $5.5 billion (£3.6 billion), while a growth in services was driven by a 13 per cent jump in business process outsourcing.
As well as this, installations of Xerox products rose by seven per cent in the first quarter.
Ursula Burns, Xerox chairman and chief executive officer, said: "Our first quarter results reflect the successful execution of our strategy: accelerate services, grow our install base of Xerox color products, and efficiently operate our business to deliver strong earnings."
Ms Burns also highlighted that services now accounts for over half of the company's total revenue.
Earlier this month, Xerox introduced its new ColourQube 8700/8900 Colour Multifunction Printers.
The devices make use of solid ink technology and are capable of producing high-quality prints such as brochures, flyers and presentations.
Posted by Johnny McMaster.