Xerox reports $15B in revenues for 2009

Share this content:

Document management and printing and production company Xerox reported fourth-quarter 2009 total revenues of $4.22 billion, down 3% year-over-year from 2008's $4.37 billion, on January 21. The company's full-year 2009 revenue was $15.18 billion, down 14% from $17.61 billion for all of 2008.

Xerox's full-year net income for 2009 was $485 million, up form the $230 million reported in 2008.

Xerox also disclosed acquisition-related costs of about $63 million for the fourth quarter for its pending acquisition of Affiliated Computer Services. The company also said it cut its worldwide employment by 3,500 jobs from year-end 2008.

Ursula Burns, CEO of Xerox, said in a statement that the company had a “strong close” to 2009 and that it “saw signs of improvement in several areas, including developing markets.”

“However, we believe revenue will continue to be under pressure until there is a more sustainable economic recovery,” she added.

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here