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.
Category: Financial News
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.
OKI reported that operating income for its printing business “improved significantly.”
During the second quarter, sales of office copier/MFPs were up compared with second-quarter 2017, due to expanded sales of color models.
“Fuji Xerox remains a partner but they need to earn our business.”
The U.S. government had announced the tariff on June 15th, initially targeting some $50 billion worth of goods.