17 March 2021
Xerox Sales Down By 22.5 % for 2020
NORWALK, CONN—
Xerox Versant installs down by 26%
Xerox Versant installs down by 26%
 Sales are  down 22.5 percent year over year $7.022 billion of full year  revenue. $1.930 billion of  revenue in last quarter , up 9.2 percent compared to fourth quarter of 2019. Delivered $450 million of gross savings in 2020 under Project Own It . $450 million of gross savings in 2020 under Project Own It.  A 26% decrease in high-end colour installs reflecting primarily lower installs of Xerox's lower-end Versant devices and of their Iridesse and iGen productions systems, partially offset by
Has had a rough time with unsuccessful bid for HP and a break up with Fuji
Has had a rough time with unsuccessful bid for HP and a break up with Fuji
higher installs of the  Baltoro cut-sheet inkjet press and higher installs in the U.S. of our continuous-feed color systems . The pandemic has significantly impacted their sales of equipment and  supplies as businesses.  Xerox expect  improvement concurrent with office building reopenings and the roll-out of vaccinations, which is anticipated to allow more of our customers' employees to return to the office.  Xerox announced its intention to stand up its Software, Financing and Innovation organizations as separate and distinct businesses by 2022.
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