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Article: XEROX DOCUMENT PROCESSING INCOME UP 43 PERCENT IN FIRST QUARTER; REVENUES INCREASE 15 PERCENT
- Article from:
- PR Newswire
- Article date:
- April 27, 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., April 27 /PRNewswire/ -- Income from Xerox Corporation's (NYSE: XRX) core document processing business increased 43 percent in the first quarter to $187 million, compared with $131 million in the first quarter of 1994. Document processing revenues grew 15 percent in the quarter to $3.8 billion, compared with $3.3 billion last year.
Document processing primary earnings per share were $1.60 in the quarter, a 50 percent increase compared with 1994 first quarter earnings per share of $1.07. Fully diluted earnings per share were $1.54 compared with $1.04 in the first quarter last year.
Pre-currency revenue growth was 11 percent, driven principally ...