Xerox reports Q3 earnings



24 October 2006 — Stamford (CT): Xerox has announced a sharp rise in Q3 net income to $536 million or EPS of $0.54, compared to $448 million or EPS of only $0.05 in Q3 2005.


Q3 earnings include a previously announced tax benefit of $0.45 per share.


Adjusted EPS for the quarter was $0.23, up 28 percent on EPS of $0.18 a year earlier.


Total revenue was up 2 percent to $3.8 billion, compared to $3.7 billion in 2005.


During the quarter, the company also completed its $175 million cash acquisition of Amici.