Net sales fell short due to prolonged impact of COVID-19, but company has ample cash reserves.
Category: Financial News
Despite challenges, Brother noted that sales revenue was almost on par with that of the previous year, due to strong demand for All-in-Ones and printers for work-from-home.
The firm stated that pandemic effects peaked in April and May 2020, leading to a gradual recovery beginning in June.
Report results for Lexmark, Pantum, Apex, and consumables’ businesses.
Epson attributed its gains to increased printer ink-supply sales due to sustained at-home printer demand, a rise in selling prices, and cost-cutting.
Kyocera Corporation of Kyoto, Japan, today reported financial results for its fiscal year that ended on March 31, 2021. Net......
Canon noted that it achieved year-over-year net sales growth for the first time in 11 quarters.
OKI had expected that the impact of the COVID-19 pandemic on its business would ease in the second half of its fiscal year.
Equipment sales up, but post-sales revenue down.
Seiko Epson Corporation of Japan recently announced a new corporate strategy plan that it calls Epson 25 Renewed. Under the......
Company forecasts strong printer consumables’ growth for first quarter.
One key takeaway: Because of HP’s strong presence with home printers, when companies re-open, they may opt for HP printing in the office as they may also want HP to secure and manage HP printers at employees’ home offices.
“HP is outperforming its printing peers and remain uniquely well positioned given our leadership across both consumer and commercial print.”
Strong consumer printer and PC sales drive revenue growth for the firm’s latest quarter.
Moody’s expects a decline in the overall office copier/printer market will continue to weigh on Canon’s profits and margins over the coming years.
These past two weeks were notable for a lot of things, but in the office printer/MFP industry, one thing stood......