Xerox is reporting growth in earnings but a decline in sales, in its latest quarterly report.
In the 2nd quarter, the company saw profits of $181 million, compared to $112 million a year ago, but sales were down 8.8%. Without currency fluctuations in the mix, the revenue decline was 7.2%. Adjusted earnings-per-share of $.99 topped Wall Street expectations.
At Brighton Securities, George Conboy says overall, this was a pretty good quarterly report for the company.