Xerox registers 6% drop in printer sales
| 28 July, 2014
Xerox announced total revenue of $5.3 billion in the second quarter, down 2 percent or 3 percent in constant currency .
“The second quarter demonstrates progress in executing on our strategy. In our Services business, revenue growth and margin are trending well in commercial services, document outsourcing and internationally. Services segment margin improvement was muted by continued pressure in our government healthcare business including unplanned impairment charges. Our Document Technology business continues to deliver strong profitability through a disciplined and effective approach to operations,” said Ursula Burns , Xerox chairman and chief executive officer. “As we enter the second half of the year, we are focused on improving on our progress and capitalizing on opportunities that will shape the success of our business.”
Revenue from the company’s Services business, which represented 57 percent of total revenue, was $3.0 billion, up 2 percent year - over - year or 1 percent in constant currency .
Revenue from the company’s Document Technology business, which represente d 40 percent of total revenue, was $2.1 billion, down 6 percent or 7 percent in constant currency.