Printing Industry News for Canada | RSS | 

28 April 2020
Xerox Sales Drop Second Year In A Row
ROCHESTER . NEW YORK—
Xerox has announced first quarter sales fell 14.7% to $1.68bn and said the Covid-19 pandemic had an “immediate impact” on its business globally. Operating profits slumped by 63.6% to $87m from $239m, and the business posted a pre-tax loss of $5m. Adjusted operating margin of 4.7 percent, down 630 basis points year-over-year.
Xerox , which scrapped its $35bn hostile takeover bid for HP at the beginning of this month, also said that it was withdrawing 2020 financial guidance “due to the high level of economic uncertainty and disruption caused by Covid-19”. Earlier this year, HP called Xerox “a company of questionable value” after the business reported a 6.2% revenue drop for 2019.
John Visentin CEO Xerox
|
Xerox failed bid for HP
|
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: 19
CLASSIFIED | RSS
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
![]() |
|
Mr Beastly says: | |
Most Read Stories
THE PRINT WIRE
Other news from the industry