Printing Industry News for Canada | RSS | 

29 July 2020
Xerox Sales Down By 35%
ROCHESTER . NEW YORK—
John Visentin , CEO of Xerox
|
Covid-19 has hit Xerox wirh second-quarter sales at Xerox fell by nearly $800m. Sales in the three months to 30 June were down 35.3% at $1.47 billion of revenue, a decrease of 35.3 percent year-over-year. Operating profits slumped by nearly 78% to $62m. Gross margin held up, slipping from 39.1% to 38.5%.
Having a rough year with failed bid for HP and partnership with Fujifilm coming apart
|
“I am proud of our employees who did what was necessary during this unprecedented disruption to support our business and clients, especially those delivering essential services. While the bulk of our markets were fully or partially shut down during the quarter, our team’s financial discipline enabled us to deliver positive earnings and cash flow while continuing to invest in key areas of growth,” said Xerox Vice Chairman and CEO John Visentin.
Post a Comment
Comments:
NEW ON THE JOB BOARD | RSS
CLICK HERE to post your job opening
LATEST USED EQUIPMENT | RSS
CLICK HERE to list your equipment
![]() |
|
![]() |
|
![]() |
Total Used Equipment Listings: 33
CLASSIFIED | RSS
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
![]() |
|
Shane says: | |
Most Read Stories
THE PRINT WIRE
Other news from the industry