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Article: Xerox document processing shows strong performance; lower capital gains in insurance, plus real estate write down, reduce net income.
- Article from:
- PR Newswire
- Article date:
- January 31, 1991
CopyrightCOPYRIGHT 1991 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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XEROX DOCUMENT PROCESSING SHOWS STRONG PERFORMANCE; LOWER CAPITAL GAINS
IN INSURANCE, PLUS REAL ESTATE WRITE DOWNS, REDUCE NET INCOME
STAMFORD, Conn., Jan. 31 /PRNewswire/ -- Xerox Corporation's (NYSE: XRX) document processing business posted solid revenue and profit gains in 1990, although the company's income for the year declined because of the results from its insurance and other financial services businesses.
Paul A. Allaire, president and chief executive officer, said: "1990 was a year of strong performance in document processing. While income from insurance and other financial services was down, we made progress in positioning these ...