Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Xerox CEO Anticipates Increased Market Share
Jun 11, 2004
 Printable format
 Email this Article
 Search

Business appliance maker Xerox Corp. said it sees increased market share and brisk equipment sales boosting earnings in the next few quarters. According to the company, strong sales of copiers and printers helped the Stamford, CT, U.S.-based company report better than expected first-quarter earnings in April.

"We've had five quarters of equipment sale revenue increases, so we're on a good roll," chief executive Anne Mulcahy said. Ms. Mulcahy said sales growth would be across the board, and not just in copiers and printers. "We sell a lot of integrated solutions, managed services that have our technology embedded in them; we sell lots of multi-function devices and we are gaining share in just about all the key categories we participate in," she said.

Ms. Mulcahy, who was appointed Xerox CEO in 2002, has guided the company through scandal and financial losses and steered it back to profitability. Along the way, it trimmed billions in costs by shedding more than 15,000 jobs, moving major manufacturing overseas and cutting unprofitable assets. She said the industry needed to focus more on solutions to customer problems, rather than pushing products, and reducing the cost and complexity of hardware.

"The focus was always on the technology. We're changing that. We've been living in a world where we keep upgrading and replacing devices, and I think that world is coming to an end," she said. "It's about optimizing your infrastructure and managing your assets, multi-function versus single function…it's something a lot of our customers are thinking about." (Reuters)

Back to Daily News

 

Daily News

...........................................................

Aug 22, 2014: Could Quirky Acquire GE Appliances?

Aug 22, 2014: Existing Home Sales Up in July

Aug 21, 2014: Miele Annual Sales Up 2.2%

Aug 21, 2014: TTI Reports Record Sales

Aug 21, 2014: Stihl Annual Cycling Event Raises $539,000 So Far in 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows