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Xerox 3Q Profit Drops
Oct 23, 2007
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Xerox Inc.'s profit dropped 53% in the third quarter from year-ago results boosted by a tax gain, it said. The office equipment maker said it earned US$254 million, or $0.27 per share, for the quarter ended Sept. 30 from $536 million, or $0.54 per share, a year ago.  Revenue grew 12% to $4.3 billion from $3.84 billion a year ago, helped by the weaker dollar, rising post-sale, and financing revenue, and contributions from the acquisition of Global Imaging Systems.

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