Xerox’s profit rose 17 percent in the most recent quarter

Xerox’s profit rose 17 percent in the most recent quarter

Xerox Corp. has come out with their latest revenue report and the company said their profit rose 17 percent. Xerox gained from higher sales of color copiers and supplies.

Their net income climbed to $233 million or 24 cents a share. This is better than what the market expected from them. The sales were up at $3.84 billion.

Xerox reported that their sales from color systems, including printers and copiers along with service and supplies, jumped 17 percent.

The company had recently acquired Global Imaging Systems and this gained them as many as 200,000 more U.S. customers.

Xerox added that they estimate their second quarter profit will be 26 cents to 28 cents a share. The company further said that their full-year earnings will be at the high end of a $1.12 to $1.16 a share range.