Xerox Corp saw stable results in the second quarter, reporting fully-diluted earnings up by 16% to 94 cents, including four cents per share from the acquisition of Rank Group’s remaining interest in the company. Similarly, income increased to $337m, up 15%, and including $13m from the Rank Xerox transaction. Revenues increased by 6% to $4,400m before the effect of currency movements and, after this was accounted for, they crept up by 3%. Xerox says revenue growth was driven by strong growth in equipment sales and document outsourcing. For the six months, fully-diluted earnings per share increased by 16% to $1.69; and profit jumped by 15% to $607m on revenues $8.4bn up by $300,000. Digital product revenues grew by 24%, driven largely by growth in color copiers, printers and high-speed laser printers. Overall, Digital revenues contributed 34% of total second quarter sales.
