This Week in Imaging: Canon, Xerox Financials, New Green Initiatives

by Kathleen Wirth · Published April 26, 2019 · Updated May 6, 2019

This week, two of the big players in the printer/MFP industry reported earnings, with Xerox’s first-quarter earnings reflecting the impact of cost reductions, and Canon’s reflecting lower sales of cameras and industrial equipment. On the bright side for Canon, sales of copier/MFPs “remained firm,” and on the not-bright side for Xerox, equipment installations were down for the quarter – except for A4 color machines, as was revenue. Xerox management has said however that it doesn’t expect to see significant revenues for about three years.

Meanwhile, it’s beginning to look a lot greener out there – not just in the Northern Hemisphere, but also in the document-imaging industry. Notable companies that have stepped up with eco-friendly initiatives recently include Canon (see here), Lexmark (see here), and HP Inc. (see here). Xerox and others have also initiated eco-friendly programs that should also be noted.

Last, this week Xerox again appointed another former executive to its C-suite. Two other former HP execs are also members of Xerox’s management, and current CEO John Visentin is also formerly of HP.

This Week in Imaging:

Double-Digit Decline in Sales, Net Income for Canon’s First Quarter

Earnings Soar, but Revenue Down for Xerox’s First Quarter

Kyocera Posts Record Revenue High for Fiscal Year

HP Enters Textile-Printing Market with New HP Stitch Printers

Aster Graphics Files Libel Lawsuit

Former HP Inc. Executive Appointed Xerox Chief Technology Officer

Sharp Expands Advanced, Essentials MFP Lineup

Konica Minolta Europe Previews Next-Gen bizhub i-Series

Mopria Print Service Now Available for Integration with UEM

HP Files New Patent-Infringement Lawsuit in China

New Appointments Said to Underscore Epson’s Commitment to Dealer Channel