Company Profile For XEROX CORPORATION

XEROX CORPORATION (XRX.N) (New York Stock Exchange)

sector: Technology · industry: Office Equipment ·

As of 25 Nov 2009

7.91USD

Price Change

-0.01

Percent Change

-0.13%

Analyst Recommendations

Overview

Xerox Corporation (Xerox) is engaged in developing, manufacturing, marketing, servicing and financing a range of document equipments, software, solutions and services. Digital systems include printing and publishing systems; digital presses, advanced and basic multifunctional devices (MFD’s), which can print, copy, scan and fax; digital copiers; laser and solid ink printers, and fax machines. The Company provides software and workflow solutions with which businesses can print books, create personalized documents for their customers, and scan and route digital information. Xerox also offers software, support and supplies, such as toner, paper and ink. The Company operates in three business segments: production, office and other. During the year ended December 31, 2008, the Company completed the acquisition of Veenman B.V. (Veenman) and Global Imaging Systems, Inc. (GIS).

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Xerox Corporation's revenues decreased 17% to $10.96B. Net income increased 33% to $305M. Revenue reflects a decrease in revenues from production, office and other segments. Net income reflects a decrease in cost of sales & services, lower equipment financing interest, a decrease in selling, administrative & general expenses and lower litigation charges.