Xerox Reports Increases in First-Quarter Results

NORWALK, CT—April 21, 2011—Xerox Corp. reported first-quarter revenue of nearly $5.5 billion, up 2 percent on a pro-forma basis with ACS in the company’s results. Revenue from technology, representing the sale of document systems, supplies, technical service and financing of products, was flat. Revenue from services was up 5 percent on a pro-forma basis, and represents the company’s business process, IT and document outsourcing offerings.