Xerox Profit Rises 28 Percent on Service-Segment Growth
Xerox Corp.’s third-quarter profit jumped 28 percent on strength in its technology services and color-printers businesses.
Service offerings, such as managing E-ZPass highway-toll systems and supporting outsourced finance and accounting operations, continue to drive the Norwalk, Conn., company’s growth. Xerox also saw color-printer and supplies sales climb 9 percent, helped by the company working through a pile of orders that had mounted after Japan’s March earthquake and tsunami disrupted its supply chain.
