The fax security vulnerability was identified by researchers at Check Point Software Technologies earlier this month.
A Ricoh spokesperson stated that 97-percent of Ricoh copier/MFPs are not vulnerable to the fax hack, and that Ricoh is investigating the remaining three percent.
Ricoh says the decline was due to losses in its overseas market, particularly in the Americas, where sales fell 6.8 percent.
It seems more than ironic that Xerox’s decision in May to scrap a complicated deal under which Fujifilm would take...
According to both The New York Times and The Wall Street Journal, China has offered to purchase nearly $70 billion...
Ricoh has some “revolutionary products we’re looking to bring to market in both channels,” including the AnaJet wide-format textile printers.
One of the key goals of the current U.S. government administration has been to equalize trade between the United States...
Ricoh Americas executive sees “chaos” in printer/copier market as opportunity for Ricoh to wrest market share from rivals.
A private-equity deal may also be in the works: on May 2nd Reuters reported that buy-out firm Appollo Global is approaching Xerox with possible acquisition in mind. Meanwhile, Fujifilm said it will appeal the court order blocking the deal.
For its fiscal year that will end in March 2019, Ricoh is forecasting that sales will be down slightly (-1.1 percent) and net income of ¥47 billion.
Last year, in February, Ricoh had announced that it was eliminating the position of a chairman and CEO for Ricoh Americas, which resulted in the departure of Ricoh Americas Chairman and CEO Martin Brodigan.
The report valued the global managed print services market at $28.63 billion in 2016.
At first it seemed the acquisition of IKON would only be a boon for Ricoh. After all, IKON was said to be the world’s largest independent provider of copier/MFPs, printers, and related services, with over 400 offices in North America and Western Europe, regional sales and service training facilities, a roster of Fortune 500 customers, and revenues of $4,167 million for its fiscal year before it was purchased by Ricoh.
Ricoh had previously forecast an operating profit of 20 billion yen, and had expected to break even for its fiscal year.
Last month, Ricoh had forecast operating profit of 20 billion yen for its fiscal year, but is now stating that its operating profit will be a loss of 160 billion yen.
Ricoh USA today announced that it’s expanding its industrial-printer portfolio with the addition of partner Electronics for Imaging’s Pro 24f...