This Week in Imaging: Latest Financial Round-Up: Lower Sales, Profits
This was a significant week in the office-imaging industry, with multiple vendors reporting lower sales and profits, and warning of a slowing economy.
Canon / Epson / Featured Posts / Financial News / HP / Imaging Supplies / Konica Minolta / OKI / Ricoh / Sharp / Xerox
by Kathleen Wirth · Published August 2, 2019
This was a significant week in the office-imaging industry, with multiple vendors reporting lower sales and profits, and warning of a slowing economy.
by Kathleen Wirth · Published August 1, 2019 · Last modified September 9, 2019
Xerox’s global workforce is now estimated to be 28,000 employees, down from last year’s 35,000 employees.
Xerox expects that about a third of its XBS locations will begin offering IT services by the end of 2019.
Xerox stated that its Project Own It cost-cutting program contributed some $640 million of savings thus far in 2019.
The losses for Xerox were at first estimated to be $24 million, but were ultimately decided to be about $9.5 million.
On July 25th, Xerox announced that it had received all required regulatory approvals for its proposed holding-company reorganization. As previously...
Featured Posts / Imaging Supplies / News
by Kathleen Wirth · Published July 26, 2019 · Last modified August 5, 2019
The aftermarket printer-supplies wars continued this week, with the Daily Monitor reporting that Ughandan government authorities confiscated five tons of...
by Kathleen Wirth · Published July 25, 2019 · Last modified August 5, 2019
Designed for budget-conscious small and home offices, Xerox today introduced three new lower-priced A4 models.
by Kathleen Wirth · Published July 23, 2019 · Last modified August 5, 2019
Electronics For Imaging (EFI) reported today that its acquisition by private-equity firm Siris Capital has been completed, with Siris purchasing...
by Kathleen Wirth · Published July 19, 2019 · Last modified August 5, 2019
While breathtaking stories such as this tend to get the headlines, many enterprises still don’t see the security risks inherent in today’s printers and MFPs.
by Kathleen Wirth · Published July 18, 2019 · Last modified July 29, 2019
Xerox reported today that it’s been awarded a multi-year, multi-million dollar contract administered by the Executive Office of Technology Services...
Featured Posts / HP / Xerox
by Kathleen Wirth · Published July 16, 2019 · Last modified July 29, 2019
On July 11th, Moody’s Investors Service downgraded its ratings for 4L Technologies Inc., the parent company of Clover Technologies, to......
Among the findings of a new 2019 survey is that building a copier sales team has become more challenging because of a tight labor market and high turnover.
by Kathleen Wirth · Published June 28, 2019 · Last modified July 1, 2019
According to Bloomberg, the United States may be willing to suspend the next round of tariffs on an additional $300...
Commercial & Production Printing / Featured Posts / News / Xerox
by Kathleen Wirth · Published June 26, 2019 · Last modified July 15, 2019
The firm says the Baltoro is the industry’s only entry-level cut-sheet press that provides automated intelligence and true HD image quality.
“The differentiation between the two portfolios is going to stay fairly high.”
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