Services Continue to Eclipse Equipment at Xerox

Xerox announced its latest quarterly earnings. For the three months ending Sept. 30, sales were essentially flat at $5.26 billion. Profits, at $291 million, were up 1 percent at 22 cents per share.

And for investors, there were a number of red flags in the numbers, including declines in signings for new services work and a drop in business services profit margins.

While sales of printing equipment were down 3 percent from the same quarter a year ago, to $647 million, one bright spot was higher demand for color digital printing presses. Such presses as the iGen and CiPress lines are