Xerox ups outlook

22 November 2004 – Stamford (CT): Xerox has upped its forecast from 2004 through 2006 in the expectation that its focus on colour printers and digital systems will help the company gain market share.

The company said its revenue growth should grow by 3 per cent in 2005, increasing to 5 per cent in 2006. Earnings in 2005, it said, should be in the region of $0.90 to $1 per share, increasing by 15 to 20 per cent in 2006.

The company said revenue growth from colour printers and colour systems rose 20 per cent during its Q3 and that such revenue was expected to grow at the same rate in 2005.