Skip to main content

The Globe and Mail

Xerox results meet Street, keeps 2013 outlook

Xerox logo on a photocopier is seen in this 2005 file photo.


Xerox Corp. reported fourth-quarter revenue and earnings in line with expectations on Thursday and reiterated its full– year targets as it restructures parts its business.

Revenue was flat at $5.9-billion (U.S.) and earnings per share, excluding items, were 30 cents.

For the first three month of 2013, Xerox expects earnings to be in a range of 23 cents to 25 cents per share. Analysts looked for 24 cents in the first quarter, according to Thomson Reuters I/B/E/S.

Story continues below advertisement

The company reiterated its full-year EPS target of $1.09 to $1.15 and forecast operating cash flow of $2.1-billion to $2.4-billion.

Xerox, which has its roots in the copier and printer business, said quarterly revenue from its services business was up 7 per cent.

Xerox generates more than half of its revenue from its services businesses after its acquisition of Affiliated Computer Services Inc for $5.5-billion in 2009.

Revenue from the document technology business, which includes document systems, supplies, technical services and financing of products, was down 8 per cent due to difficult economic and market conditions, Xerox said.

Report an error

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨