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Xerox Earnings Slip But Beat Expectations

 
Posted April 22nd, 2014 @ 10:34am by Todd Halliday

Xerox says first-quarter earnings fell more than five percent . The report still beat analysts' expectations.

Revenue from the Services business was flat. Revenue from the company’s Document Technology business was down.

CEO Ursula Burns said Tuesday that Services is 57 percent of Xerox revenue and will grow to two-thirds by 2017. She said the shift over time will drive revenue growth.

First-quarter adjusted earnings per share were 27 cents. Total revenue in the first quarter was $5.1 billion, down 2 percent.

 

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