Xerox CEO expects profit lift for 2006


21 November 2005 – Stamford (CT): Xerox CEO Anne Mulcahy has said she expects the firm’s profits to rise 10 to 15 per cent next year on growth in colour printing sales.

In a statement read prior to the company’s investor day, Mulcahy predicted profit of between $1 and $1.07 a share for 2006. Analysts expect earnings of $1.05 a share for the period.
Mulcahy also revealed she expects to see a revenue rise of 3 percent in 2006, matching analysts’ forecasts of $16.4 billion for the year.