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Slight Revenue Increase for HP; Printing Revenue Down, but PC Revenue Up

Hewlett-Packard reported results for its third quarter, with net revenue of $27.6 billion, up 1 percent from the previous year. Third-quarter GAAP earnings per share were $0.52, down 27 percent from the third quarter a year ago, and down from HP’s previously provided outlook of $0.59 to $0.63 per share. Earnings were $1 billion, down 29 […]

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Top News for the Week of 8/11/2014 – Printer, MFP Shipments Up; Key Legal Rulings for MPHJ Technology, Kodak; More

This week, some of the most interesting news came from market-research firm International Data Corporation (IDC) with its Worldwide Quarterly Hardcopy Peripherals Tracker (which covers printers, MFPs, and copiers that print on and/or scan A2- to A4-size media). According to IDC, the Western Europe market for printers/MFPs/copiers enjoyed its fifth consecutive quarter of growth, with shipments […]

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Improved Earnings for Kodak in Second Quarter, Smaller Loss

Eastman Kodak has reported a net loss of $62 million for its second-quarter 2014; however, this loss is a $162 million improvement from the $224 million net loss that Kodak reported for second-quarter 2013. The firm says that key products in packaging, digital plates, digital printing, and workflow software are helping it increase revenue growth. […]

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Revenue up for Nuance’s Third Quarter, but Firm Reports a Loss

Nuance Communications today reported financial results for the third quarter of fiscal 2014, ended June 30, 2014. Revenue was $475.5 million, an increase from the $469.8 million reported for the same quarter a year ago. Nuance also reported bookings of $547.0 million, up 16.7 percent from $468.8 million for third-quarter 2013. Year-to-date, Nuance reported bookings of […]

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Top News for the Week of 8/4/2014 – HP ‘Instant Ink Professional;” Ricoh, Sharp Financials; More

What do you do if the supplies for your product are being made and sold by unauthorized third parties and are cutting into your revenue stream? You either a) enforce your patents through litigation to end the sale of those supplies, and/or b) make your supplies more economical and easier to obtain. Canon Inc. continues […]

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Total Sales and Net Income up at Brother; Sales up for Printers and All-in-Ones

Brother International of Japan recently reported that both sales and net income were up for its fiscal first quarter (April to June 2014), continuing the upbeat results for its latest entire fiscal year (see below). Sales for the first quarter were up 15.2 percent to 160 billion yen, while net income was 29 billion yen, […]

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Lexmark Steps up Bidding War for ReadSoft, Increases Offer Price

Lexmark International reports that it’s increased its offer price for all outstanding shares of Sweden-based ReadSoft. This cash offer is Swedish Krona (SEK) 55.50, an 11 percent increase from Lexmark’s July 14th offer of SEK 50.00 for each Class A and Class B share of ReadSoft, for a price of approximately $248 million. The firm says […]

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Modest Growth for Ricoh in Latest Quarter; Slower Copier/MFP Sales Growth

Ricoh Company of Tokyo reports that for its latest fiscal quarter, sales were up 2.3 percent to 526.4 billion yen compared to the same quarter a year ago, mainly due to an increase in sales in both its Imaging & Solutions and Industrial Products segments. The firm reports that while the Japanese economy continued to […]

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Sharp Reports Smaller Loss for Quarter, On Track for Profit for Full Year

Sharp Corporation of Osaka, Japan, reported a 17.98 billion yen ($17.4 million U.S.) loss for its latest quarter, but says it will deliver a profit for its complete fiscal year. The 1.79 billion yen loss is a sharp improvement versus Sharp’s loss of 17.98 billion yen for the same quarter a year ago. The firm […]

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Top News for the Week of 7/28/2014 – Printer, MFP Revenue Slips at Xerox; OKI, Konica Minolta MFP and Printer Revenue Up; More

In this week’s financial news, Konica Minolta, OKI, Epson, and Kyocera continue to roll along, steadily rebounding from the effects of the recession and appearing poised for future growth now that their customers’ budget restraints appear to be slowly loosening. Of note with most of these vendors is that they offer workflow solutions that can […]

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Revenue and Earnings Exceed Epson’s Expectations for Latest Quarter

Seiko Epson of Japan reported that revenue and earnings exceeded its expectations for its latest fiscal quarter, due to a continuing depreciation of the Japanese yen, steady growth in its information-equipment, devices and precision products, and sensing and industrial-solutions business segments. For the quarter, total revenue was 246.2 billion yen, an increase of 10.9 percent versus […]

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Sales Growth in Konica Minolta’s Copier/MFP Group ‘Drives Growth’ for Entire Company

For its latest quarter, the Konica Minolta Group of Tokyo reported net sales of 228.2 billion yen, an increase of 4.5 percent versus the same quarter a year ago, with the firm noting that “sales growth in the Business Technologies Business drove momentum for the entire Group.” Operating income was 11.6 billion yen, an increase […]

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MFP Sales up at Kyocera, but Total Company Earnings Down

For its latest fiscal quarter, Kyocera of Kyoto, Japan, reported that it recorded its “highest first-quarter consolidated revenue to date,” due to increased sales and earnings in its Information Equipment business segment. However, sales were down in the firm’s Electronic Device business, although earnings were up in the company’s Electronic Device businesses. Net sales for […]

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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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