Xerox Corp. said its profit rose 79% in the fourth quarter on a mix of cost controls and growth in equipment financing and services. The company posted net income of US$382 million, compared to a year-earlier profit of $214 million. Net income in 2007 was $1.14 billion, or $1.19 a share, down from $1.21 billion, or $1.22 a share, in 2006. For the year, Xerox reported revenue of $17.2 billion, up by more than 8% from $15.9 billion the previous year.
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