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Xerox announced their second-quarter 2014 earnings which demonstrated progress in executing their service transformation strategy. This quarter saw a return to growth in Services and the business is well-positioned for sustained improvement. Services is now 57% of revenue and Xerox is on track to reach its target of two-third by 2017. This important shift will drive overall revenue growth. Xerox Reports Second-Quarter 2014 Earnings •Revenue from the company’s Services business, which represented 57 percent of total revenue, was $3.0 billion, up 2 percent year-over-year or 1 percent in constant currency
•The Document Technology business continues to deliver strong profitability through a disciplined and effective approach to operations
•Revenue from the company’s Document Technology business, which represented 40 percent of total revenue, was $2.1 billion, down 6 percent or 7 percent in constant currency
•The business continues to deliver strong cash flow that gives the flexibility to invest in growth, build shareholder value now and in the future, and positions the company well to deliver on expectations
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