Several months after the resignation of much of the Xerox board and resignation of former Xerox CEO Jeff Jacobson, Xerox reported today that revenue had dropped 5.8 percent to $2,352 million, versus the third quarter a year ago.
Category: Financial News
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HP for its part, has hedged its bets with toner and ink, offering both HP LaserJet and Samsung toner-based copiers, and PageWide inkjet copiers.
In the area of office copier/MFPs, overall unit sales increased slightly year-over-year, as a decline of monochrome copier/MFPs was offset by an increase of color copier/MFPs.
HP stated that its Printer group generated strong year-over-year revenue growth in hardware and supplies, particularly in these strategic areas: A3 copier/MFPs, graphic-arts printers, managed print services (MPS), and the HP Instant Ink program.
Kodak also reported that it had retained UBS Investment Bank as its financial adviser for its proposed sales of its Flexographic Packaging Division.
Total sales for the quarter were up 2.0 percent, while sales for Brother’s Printing and Solutions segment were up 0.7 percent.
Nuance also announced a $500-million share-repurchase program, and a $150-million debt repayment.
Toshiba reported net profits of ¥1.02 trillion ($9.16 billion) for the quarter, up from ¥50.33 billion a year before, as it received ¥966 billion in gains from the sale of the memory business.
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In Konica Minolta’s office-products business unit, sales of monochrome A3 copier/MFPs declined year-over-year, but sales of color models “grew considerably,” resulting in an overall increase.
Sales in the Document Solutions Group increased.
Net sales were higher year-over-year for six consecutive quarters beginning in the fourth quarter of Sharp’s fiscal-year 2016.
For it second quarter that ended June 30, 2018, EFI reported record revenue of $261.1 million, up 6 percent compared to second-quarter 2017 revenue of $247.0 million.
Ricoh says the decline was due to losses in its overseas market, particularly in the Americas, where sales fell 6.8 percent.
The increase in revenue came from continued strong growth in sales of high-capacity ink tank printers in both emerging and advanced economies.