Friday, April 20, 2007

Xerox quarterly profit higher, beats forecast

(Reuters) - Excluding costs related to restructuring, profit was 26 cents a share, 5 cents better than analysts' average forecast as compiled by Reuters Estimates.

Revenue rose 4 percent to $3.84 billion, fueled by strength in "post-sale" and financing revenue, which represent more than 70 percent of total sales. Analysts were expecting revenue of $3.81 billion.


Read more at Reuters.com Business News

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