Fox Business - The Power to Prosper
Search Site

IT Services

Xerox Profit Falls 5% in the First Quarter

Xerox Corp cut its full-year earnings forecast as growth stalled in its services business and margins contracted due to higher investment on U.S. health insurance exchange platforms, sending its shares down about 5 percent in premarket trading.The company, which has been diversifying away from its printers and copiers, lowered its full-year adjusted profit forecast to $1.07-$1.13 per share from $1.10-$1.16.Gross margin fell to 30.2 percent in the first quarter from 30.5 percent a year earlier, hurt by a 0.7 percentage point drop in services margin.Services, which includes businesses ranging from toll systems to healthcare programs, accounts for more than half of the company's revenue.Xerox forayed into the services business with its $5.5 billion purchase of Affiliated Computer Services Inc in 2009 to counter dropping sales in its printers and copiers business.The company reported a 5 percent fall in first-quarter profit, hurt by dwindling revenue from its printing business.Net income a...

Read More

  1. Looking Ahead: 3 Under-the-Radar Stocks to Watch in 2014

    It has been a great year for investors. Stock indices are up close to 30%, with many individual names up even more. As we get ready to flip the calendars to 2014, th...

  2. What 2014 Will Bring to Your Business

    What will the New Year hold for small businesses? Here are five predictions.

  3. Cognizant to hire 10,000 in US in next 3 years

    Cognizant Technology Solutions Corp will hire at least 10,000 people in the United States over the next three years, the IT services firm's president, Gordon Coburn,...

  4. How to Hire and Retain Executive Talent

    Shares of Microsoft are trading at a 13-year high on rumors that the software giant's board has narrowed the list of possible candidates to succeed CEO Steve Ballmer...

  5. Cognizant beats estimates as demand for outsourcing grows

    IT services firm Cognizant Technology Solutions Corp reported a better-than-expected 22 percent rise in quarterly revenue as businesses, especially financial firms a...

  6. SEC Probes Accounting Practices at Xerox's ACS

    Xerox (NYSE:XRX) disclosed on Tuesday that the Securities and Exchange Commission is investigating the accounting practices at Affiliated Computer Services, its larg...

  7. Xerox says SEC investigating accounting practices at ACS

    Xerox Corp said the U.S. Securities and Exchange Commission is investigating certain accounting practices at Affiliated Computer Services, which it bought in 2010 fo...

  8. Work-Life Balance Requires Streamlining Internet Use

     If work follows you home on your smartphone when you leave the office, outside issues can certainly spill over into the workday. Here's how to improve your work-life balance. 

  9. Work-Life Balance Requires Streamlining Workday Internet Use

    Whether it's a job requirement or just a clandestine click-over when no one's looking, checking social networks and surfing the Web during work hours have become almost ubiquitous.

  10. Drama aside, Dell is a quality tech stock

    Despite all the drama, PC maker Dell ( DELL ) turned out to be a good addition to my portfolio this yearIn the last quarter of last year, I took a position in DELL. ...

  11. Hackers Target Corporations in Historic Attack

    A federal indictment unsealed on Thursday alleges that five Russian and Ukraine nationals conspired in a worldwide hacking and data breach dating back to 2007 that t...

  12. IT Spending Growth Less Than Projected

    Companies looking to stay up-to-date on the newest technologies will be spending less money in that area than experts originally expected, a new study shows.

  1. IBM Leads Tech Losses After Disappointing Results

    Big losses from IBM Corp. highlighted what was mostly a negative trading session for tech stocks Thursday, as the computer-services giant's shares fell more than 4% ...

  2. Warning: Your XP Has a Red Neon Bull's Eye on it

    While moving to a new OS that is made for today’s Internet is the best thing small business owners can do, security experts have advice for the many who can’t or won’t give up XP.

  3. Rackspace Gains Pace Tech-sector's Early Advance

    Tech stocks came to life in early trading Tuesday, with most of the sector heading north and looking to erase the prior-day's wide losses. Advancers included bellwet...

  4. Cyprus Students Fed Up

    FBN's Rich Edson breaks down the latest on Cyprus.

  5. Customer Loyalty: 5 Tips for Sales Reps

    While most sales representatives know how to close a sale, a large number don't know how to keep their customers coming back for more.

  6. Xerox Disappoints on Quarterly Revenue

    Xerox Corp, best known as a maker of printers and copiers, reported weaker-than-expected quarterly revenue as growth in its services business stalled.The company's o...

  7. 5 Key Business Predictions for 2014

    Here's what small business owners can expect in the year ahead.

‹ Prev12345Next ›
Freebase CC-BY
Source: IT Services on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL