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Article: XEROX DOCUMENT PROCESSING REVENUES UP 13 PERCENT, EARNINGS UP SHARPLY IN 4TH QUARTER
- Article from:
- PR Newswire
- Article date:
- January 31, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STAMFORD, Conn., Jan. 31 /PRNewswire/ -- Revenues from Xerox Corporation's (NYSE: XRX) core document processing business increased 13 percent in the fourth quarter of 1994 to $4.6 billion and primary earnings per share increased 33 percent, before 1993 special items, to $2.76. For the full year, revenues were up 6 percent to $15.1 billion and primary earnings per share grew 33 percent, before 1993 special items, to $6.73.
"Our substantially better financial performance in 1994 reflects across-the-board improvements to our business," said Xerox Chairman and Chief Executive Officer Paul A. Allaire.
Excluding the effects of foreign currency translation, revenues ...