Q1 slip for Xerox

22 April 2005 – Stamford (CT): Xerox has posted a drop in its Q1 sales and income.

Net income fell to $196 million, or EPS of $0.20, compared to $224 million, or EPS of $0.25 registered 12 months ago. Total sales slipped 1 per cent to $3.8 billion.

Despite the decline, Xerox said it expects figures to improve this year, fuelled by demand for new models and improvement in sales of ink and toner.