October 28, 2016 / 10:57 AM / in a year

Xerox's quarterly revenue falls nearly 3 percent

(Reuters) - Xerox Corp’s (XRX.N) quarterly revenue fell nearly 3 percent, the seventh straight quarter of decline, as sales of its printers and copiers continued to fall.

The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo

However, Xerox reported net income attributable to the company of $181 million, or 17 cents per share, in the third quarter ended Sept. 30, compared with a net loss of $34 million, or 4 cents per share, a year earlier.

Total revenue fell to $4.21 billion from $4.33 billion.

Xerox, which said in February it would separate its legacy printer operations from its business-process outsourcing unit, said the separation was on track to be completed by the end of the year.

Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below