|
|
 |
| |
|
Home > Fortune 500 Companies > Xerox Corp
Xerox Corp
Xerox Corporation was established in 1906 as The Haloid Company and changed its name to Xerox Corporation in 1961. Xerox Corporation is headquartered in Stamford, Connecticut. The company is a publicly traded company having a good stock performance result. Xerox Corp is a fortune 500 stock listed company trading under XRX.
Xerox Corporation engages in the manufacture, development, marketing, servicing, and financing of document equipment, software, solutions and services worldwide.
Their progress in 2005 provided more confirmation that they are on track and continuing to build momentum Net income of 978 million dollars or 94 cents per share, an increase of 9 percent from full-year 2004. Their gross margin was of 41.2 percent in line with their expectations. Selling, general and administrative expenses of 26.2 percent of revenue down one-half point from the previous year. Debt balance of 7.3 billion dollars, a reduction of 2.8 billion dollars from year-end 2004 and virtually all of what remains is in support of their customer financing activities. Their operating cash flow of 1.4 billion dollars Year-end cash and short-term investments balance was 1.6 billion dollars.
2005 Equipment sales increased 1percent from 2004, primarily reflecting install growth with a negligible impact from currency, partially offset by price declines of approximately 5percent and product mix. Production system install activity for 2005 included the following: 30percent growth in installs of production color products mostly driven by strong iGen3 and DocuColor 240, 250, 7000 and 8000 activity. 9percent growth in installs of black and white production systems, reflecting the success of the 4110 light production system, as well as growth in production publishing systems.
2005 Operating Profit increased 29 million dollars from 2004 and operating margin improved 1.4-percentage points from 2004. These improvements primarily reflect increasing revenues and operating margin contributions from Eurasia and Central and Eastern Europe. 2004 operating profit declined 137 million dollars from
2003, primarily reflecting results in Latin America where the pace of revenue declines have exceeded cost and expense reductions.
Xerox Corporation is a 15.7 billion dollars technology and services enterprise that helps businesses deploys Smarter Document Managements strategies and finds better ways to work.
Back to Fortune 500 Companies
|
|
|
|
|
|
|