Friday, October 24, 2014

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Xerox Releases Fourth Quarter Earnings

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Xerox released its fourth quarter earnings report Thursday.

Total revenue was down one percent from the third quarter to $5.9 billion. Revenue from Xerox's services business was up seven percent but revenue from the company's document technology business was down eight percent.

The company reported adjusted earnings per share of 30 cents.

Xerox CEO Ursula Burns attributes strong growth in services and consistent profitability to an earnings report that met the company's expectations.

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