Xerox' Third-Quarter Results Get Boost from ACS Acquisition

NORWALK, CT—Oct. 21, 2010—Xerox Corp. announced today third-quarter 2010 results that include revenue of $5.4 billion, up 48 percent, and net income of $250 million, compared to $123 million in the third-quarter of 2009.

“Building on our solid first-half results, we delivered steady revenue and earnings growth in the third quarter, keeping us on track to close the year strong,” said Ursula Burns, Xerox chairman and CEO. “We’ve transformed our company into the world’s leading enterprise for business process and document management. In doing so, we’ve been successful in leveraging our brand, global scale and innovation to win multi-year contracts for business process, IT and document outsourcing. As a result, we are raising our guidance for both this year and 2011 to reflect the positive momentum we’re building in the marketplace and the efficiencies we’re driving across the business.