Xerox's 3Q Revenue Falls Nearly 3%

Industries Reuters

The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo (Copyright Reuters 2016)

Xerox's quarterly revenue fell nearly 3 percent, the seventh straight quarter of decline, as sales of its printers and copiers continued to fall.

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However, Xerox reported net income attributable to the company of $181 million, or 17 cents per share, in the third quarter ended Sept. 30, compared with a net loss of $34 million, or 4 cents per share, a year earlier.

Total revenue fell to $4.21 billion from $4.33 billion.

Xerox, which said in February it would separate its legacy printer operations from its business-process outsourcing unit, said the separation was on track to be completed by the end of the year.


(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta)