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Xerox printer sales fall

Xerox saw slower demand in its printing business as revenues dropped 2% in the third quarter.

The American giant's services business saw growth of less than one percent, failing to compensate for sluggish sales of printers and copiers, which were down by 6%.

 “This quarter we delivered earnings at the high end of our range. Profits from our Document Technology business came in above expectations while Services results were lower than planned,” said Ursula Burns, Xerox chairman and chief executive officer. “Our Document Technology business continues to provide strong profitability, and we are continuing to invest in our Services business for revenue and profit improvement by strengthening leadership and evolving our operating model to better leverage our scale and drive efficiency and customer value. These activities will position us well for the future."

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