Xerox revenue falls 9.6 percent; says to review operations
NEW YORK – Xerox Corp reported a 9.6 percent fall in quarterly revenue, hurt by lower printer sales and a strong dollar, and said it would review its operations.
The company reported net loss attributable to shareholders of $34 million, or 4 cents per share, in the third quarter ended Sept. 30, compared with a profit of $266 million, or 22 cents per share, a year earlier.
Revenue fell to $4.33 billion from $4.80 billion.
Xerox also said on Monday its board had authorized a review of its business portfolio and capital allocation options. -Reuters