Economic crisis impacts Xerox
Post by (Toner Cartridge)
After Xerox already had to admit to problems in recent months, is now clear that the economic crisis, the company added difficult. Profit from Xerox fell in the second quarter by 35 percent and amounted to $ 140 million thereafter. And revenue, continuing the trend. Here was "only" a drop of 18 per cent recorded at a height of 3.73 billion dollars.
It is especially the reluctance of companies to Xerox, an American printmaker, bothers. Most companies are investing in these times of economic crisis is not ready in new technologies and their belts thus quite narrow. Despite the negative news was expressed surprise with regard to Xerox on Wall Street. The experts expected a much stronger negative.
The actual numbers can mostly the new boss Ursula Burns will be awarded, which holds continue the strict cost-cutting program at Xerox. The road, which is turned by Burns seems these days to be the right solution. The actual prize corresponds to a height of 98.7 million euros, with Xerox announced a few days ago.
Burns confirmed to the media that will continue to be expected with a strong pressure on the sales trend. A real bright spot for Xerox seems not to be in sight. They based this assessment with the current situation of economic markets and thus also with the reluctance of companies. The company expects the current quarter from a profit of about 10 to 12 cents per share. Thus I would have the whole year a sum of 50 to 55 cents arise.
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