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OKI Printer and MFP Business Enjoys ‘Drastic Improvement’ in Latest Quarter

OKI Electric of Tokyo reported results for its latest fiscal quarter, with sales up 8.7 percent, net income flat, but operating income up by 3.2 billion yen, all compared to the same quarter a year ago. Net sales for OKI’s printer and MFP business were 31.2 billion yen, an increase from the 28.0 billion yen […]

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Xerox’s Earnings Down for Second Quarter Due to Lower MFP and Printer Sales

Xerox today reported a 2-percent slip in earnings for its second quarter, due to lower revenues from its MPF-and-printer Document Technology Business. Net income for the second quarter was  $266 million, versus $271 million for the second quarter a year ago. Revenue declined to $5.29 billion, versus $5.39 billion for the second quarter a year […]

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Top News for the Week of 7/21/2014 – Strong Quarters for Lexmark, Canon; Epson Invests Big in Inkjet; More

Both Lexmark and Canon Inc. continue to report strong financial results. In the case of Lexmark (which has been all quiet on the hardware front lately), revenue from its Perceptive Software division and managed print services (MPS) continues to drive growth. In particular with Lexmark, MPS revenue grew 14 percent compared to the same quarter […]

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Strong Sales of Office Multifunctionals Drive Income Growth for Canon in Latest Quarter

Although sales were down 4.1 percent for Canon Inc.’s fiscal quarter ending June 30, 2014, net income was up 21.1 percent (both compared to the same quarter a year ago). The firm says gains in net income were driven by strong sales of office MFPs and industrial equipment. Net income for the quarter was 80.8 billion […]

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Strong Quarter for Lexmark; Growth in MPS; Increases Full-Year Outlook

Lexmark International today reported financial results for the second quarter of 2014, with revenue and earnings per share exceeding its April forecast. Revenue was $892 million compared to $887 million for second-quarter 2013. Net earnings were $37 million compared to second-quarter 2013 net earnings of $94 million – but this was due however to Lexmark benefit from the sale of its inkjet […]

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Top News for the Week of 5/27/2014 – Ink Still Flowing at HP; Ricoh Goes Retail; More

Last week, the big news was about Hewlett-Packard, which reported essentially flat revenue growth for its first quarter. versus its first quarter a year ago. However, in a May 22nd conference call, HP executives provided a deeper look at revenue (HP: Printing, Ink, Continues to Bolster Revenue). Interestingly, while HP’s total printer-hardware revenue was down […]

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HP: Printing, Ink, Continues to Bolster Revenue

Last Thursday, May 22nd, Hewlett-Packard reported results for its second-quarter 2014, with total revenue for the quarter $27.3 billion, down 1 percent versus second-quarter 2013 (see story here). The company also announced that it expects up to another 16,000 in employee layoffs, bringing the total number of layoffs previously announced under its 2012 restructuring program […]

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HP Revenue Flat for Second Quarter; More Layoffs

Hewlett-Packard today announced financial results for its fiscal 2014 second quarter ended April 30th with earnings per share (EPS) of $0.66, up from $0.55 in second-quarter 2014, and within its previously provided outlook of $0.62 to $0.66. However, HP also announced that it will eliminate some 11,000 to 16,000 positions than it had previously planned. […]

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Top News for the Week of 5/12/2014 – More Good News from Japan, Western Europe, Mopria

Good news this week from Japan and Western Europe. This week in news from Japan, Sharp finally returns to a profitable year, Konica Minolta reports a stellar year, boosted by sales of bizhub MFPs, while OKI also reports a profitable year, with sales of its office MFPs up. Previously in the last several weeks, Epson reported a sharp improvement for its fiscal year, with sales of its […]

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Sharp Returns to Profitability After Two Years of Losses

Sharp Corporation of Japan reported today that it had returned to profitability in its fiscal year ending March 31, 2014. After two years of large losses, the company reported a 11.56 billion yen ($114 million) profit for its fiscal year – a sharp improvement over its loss of 545.35 billion yen in the previous year. […]

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Loss for Nuance’s Second Quarter, but Sales are Up

Nuance Communications reported that for its second quarter ended March 31st, revenue was $475.7 million, compared to $451.0 million in second-quarter 2013, but the company reported a loss of $39.2 million, compared with a loss of $25.8 million in second-quarter 2013. Nuance reported non GAAP revenue of $490.0 million, which includes $14.3 million in revenue lost […]

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Stellar Fiscal Year for Konica Minolta and bizhub MFPs

For its fiscal year ended March 31, 2014, Konica Minolta of Japan reported net sales of ¥943.8 billion, a 16 percent year-over year increase, and net income of ¥21.9 billion, a 45-percent year-over-year increase. The firm says its Business Technologies Business drove performance for the entire company, and that a significant improvement in profitability in the Business Technologies […]

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Top News for the Week of 5/5/2014 – Konica Minolta, Lexmark, Forge Ahead; Setback for Kodak, More

Though this was a bit of a slow week in the industry, two things stood out: both Konica Minolta and Lexmark continue to forge ahead. Konica Minolta, which was the largest exhibitor at the IPEX production-printing trade show in February, and acquired French production-printing company MGI Digital Graphic Technology in January, continues to bolster its […]

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Kodak Reports Loss for First Quarter, Sales Down

Eastman Kodak reported a loss of $36 million for its first-quarter 2013 versus $283 in net income for first-quarter 2013. Sales for first-quarter 2014 were $482 million, compared to $594 million in first-quarter 2013, a decline of 19 percent, with Kodak attributing more than half of that to continuing declines in its film and consumer-inkjet products. Non-recurring licensing […]

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Top News for the Week of 4/28/2014 – Xerox Upgrades Print Security, Mopria Certification Soon; Sharp Improvement for Ricoh, Epson; More

This week, Xerox was in the spotlight, introducing several new products and solutions for virtually everyone. For enterprises, there was the Xerox Secure Print Manager Suite, with everything from user accounting to print rules. For commercial printers, there’s the new 100-ppm Versant 2100 Press, and for small and mid-size businesses, the 65-ppm Phaser 4622. Along […]

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Epson Reports Sharp Improvement for Fiscal Year; Sales of High-Capacity Inkjets Lift Revenue

Seiko Epson of Japan reported net sales of 1,003 billion yen ($9.7 billion U.S.) for its fiscal year 2014 ending March 31, 2014, a 17.9 increase over the previous year. It also reported net income of 83 billion yen ($813 million U.S.) versus a loss for the previous fiscal year. Epson reports that sales of […]

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Mixed Results for Samsung’s First Quarter, Lower Display Panel Revenue

Samsung Electronics of South Korea reported revenue of 53.68 trillion Korean won for its first quarter ended March 31, 2014. The firm says its revenue slipped 9 percent quarter-over-consecutive quarter due to “weaker seasonality,” but says its saw gains compared with the same quarter last year. For the quarter, the company posted consolidated operating profits […]

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Ricoh Reports Robust Financial Results for Fiscal Year

Ricoh Company of Japan reported robust financial results for its fiscal year 2014 ending March 31, 2014, with net sales of 2,236.9 billion yen, a 16.2 percent year-over-year increase, and net income of 72.8 billion yen, a 124.3 percent increase. The company said it enjoyed higher sales of color MFPs, color production-printing systems, managed document […]

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