Xerox Quarterly Earnings Exceed Expectations

2013-01-28 09:30:19

Published on 2013-01-28 09:30:19

Xerox has recorded quarterly earnings marginally above expectations as it carries out work to offer more varied technology.

Reuters has reported the toner cartridge specialist's chief executive Ursula Burns as saying that the company is undergoing a "seismic shift", adding that 2012 was a "year of alignment".

During 2012's fourth quarter, Xerox began a restructuring program on its services business.

Lynn Blodgett, who heads the services unit, told Reuters that progress has been made, but cost cutting still needs to be done.

"I am upbeat, I am very confident in the guidance we have. The environment hasn't changed that dramatically to make it that much better," Ms Blodgett explained.

She concluded that she is optimistic about the company meeting its targets.

In recent weeks, Xerox partnered with PrintWeek Media to release the third edition of The 1000 publication.

It lists the top 1000 print companies and will be sent out to an exclusive database of buyers of printing services, brand managers and key clients.

Posted by Barry Ashmore.

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