Fuji Xerox Says More than Half of its Revenue to Come From Services, Including MPS, by 2017

Fuji Xerox LogoBusiness World Online reports that Fuji Xerox, a joint venture between Japan’s Fuji and U.S.-based Xerox, says that it expects more than half of its revenues to come from its services and solutions business, including managed print services (MPS), by March 2017.

Last year, Fuji Xerox introduced its New Generation Managed Print Services (NGMPS), marking its evolution into a provider of document services, managed print services, and outsourcing, as well as printers and copiers/MFPs.

“Fuji Xerox intends to derive more than 50 percent from its Services and Solution businesses including MPS (as of the end of FY2014, the ratio was around 40 percent) by the end of FY2016 (March 2017),” wrote Rafael S. Pleno, assistant vice-president at Fuji Xerox Philippines in a recent e-mail interview with Business World Online.

“Our products have continued to evolve from both a hardware and software perspective, the plain-paper 914 copier, to high performance color MFDs (multi-functional device), desktop printers, to production on-demand, and variable-data printers, to document and content-management related software, to now cloud-based workflow solutions.”

According to IT market-research firm International Data Corporation (IDC), Fuji Xerox had 34.4 percent  of the worldwide market share for MPS at the end of 2014. Pleno says Fuji Xerox will offer additional services targeting small and mid-size businesses to increase its share.

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