24.07.2015 - Earnings report of Xerox disappointed investors
Xerox has reported for the second quarter of this year. Results weakened against the background of changes in exchange rates, as well as weak business results of document technologies. The hope for the company are cloud services, document management and processing. As a result, the company received 12 million of profit, compared with 266 million in the same period of the last year. Revenue has fallen by 7.1% to 4.59 billion dollars. We expect the company's shares fall by 12-15% per annum in the medium term.