Xerox Holdings Corp (XRX)

[Tim71]

Xerox net income rises 62%
7:15a ET July 22, 2010 (MarketWatch)
NEW YORK (MarketWatch) -- XEROX CORP. said Thursday its second-quarter net income rose to $227 million, 16 cents a share, from $140 million, or 16 cents a share, in the year-ago period. Adjusted net income in the latest quarter totaled 24 cents a share. Revenue rose to $5.5 billion, from $3.7 billion. Wall Street analysts expected earnings of 21 cents a share, and revenue of $5.6 billion, according to a survey by FactSet Research. Xerox said it expects to generate full-year, 2010 cash flow of $2.6 billion, after $1.1 billion in the first half. "Demand continues to improve for Xerox technology, especially in developing markets and from small and mid-sized businesses," the company said.