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26.04 08:51:14

Xerox derives majority of sales from services - USA

Xerox has seen its first-quarter net profit fall 4 percent after the company spent more on new products.

The printer and copier manufacturer passed a milestone  in its transformation to a services-focused company as revenue growth from services pushed the segment to more than half of its sales.

“We’re making a seismic shift in our business,” CEO Ursula Burns said Monday in a conference call, referring to the move towards services .

Xerox said that for the three months ending March 31 it had sales of $5.5 billion, up 1 percent from the same quarter a year earlier.

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