Xerox Total Revenue Down

- Xerox announced its second quarter earnings this morning.  Total revenue was 5.3 billion dollars, down 2%.  The company's shrinking document technology business, now 40% of total revenue, was $2.1 billion, down 6%.

George Conboy of Brighton Secuties commented on the numbers. He says despite the decline, Xerox is in good shape, "With Xerox, the idea of copiers slowly fading is happening every day. Xerox gets more sales from providing services then they do for making copiers."

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