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.
During the second quarter, sales of office copier/MFPs were up compared with second-quarter 2017, due to expanded sales of color models.
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HP Inc. CEO and President Dion Weisler commented: “We delivered another quarter of double-digit year-over-year revenue and profit growth, strong EPS (earnings per share) and impressive free cash flow and performed well across segments and regions.”
Toshiba’s memory-chip business brought in about 90 percent of Toshiba’s operating profit for the first six months of its fiscal year.
In the company’s Office Business group, in addition to strong sales of color copier/MFPs in North America, sales in China grew significantly.
Toshiba Tec’s other business group, its Retail Solutions group, recorded net sales of 324.5 billion yen, up 3.7 percent versus the previous fiscal year, and operating income of 17.3 billion yen, up 6.0 percent versus the previous fiscal year.
Kodak CEO Jeff Clarke commented: “Kodak had continued strong performance in SONORA Process-Free Plates, FLEXCEL NX Packaging and PROSPER Inkjet annuities. We are on plan to deliver full-year revenue and Operational EBITDA performance within the expected guidance range.”
Nuance CEO Mark Benjamin commented: “In just a few weeks, my conviction about the potential of this company has been affirmed. There is real momentum in the core business, making it an exciting opportunity to step in at this pivotal moment.”