Equipment sales grew 11% in Q4, with colour installations up 19%, reflecting strong sales of the Xerox DocuColor 6060 and DocuColor iGen3 digital colour presses, as well as the DocuColor 5252, launched in October last year.
Xerox chairman and chief executive Anne Mulcahy said some 60% of all products sold within the fourth quarter had been generated from products launched in the past two years.
She said Xerox would continue to lead the new business of printing by helping commercial printers make the transition from offset to digital.
It also reported a 22% rise in Q4 for its monochrome print devices, as demand increased for its competitively priced products.
Xerox saw a slight rise in fourth quarter total revenues to 2.3bn ($4.2bn), while net income jumped from 10.4m to 122m on the same period in 2002.
During the fourth quarter Xerox reported a restructuring charge of 66m, comprising severance payments and pension settlements relating to restructuring within the group.
Have your say in the Printweek Poll
Related stories
Latest comments
"I have worked in quite a few print sectors, including Walstead in the past. It is all tough, but most will not be surprised that the packaging sector is still growing. However, the service in the..."
""longer run litho work had “now returned to the Far East”?
Is this happening a lot?"
"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
Up next...
Variety of contracts available
Electoral, signage and design and print tenders open
Firm shut down earlier this month
Admins appointed at Lexon
Full year results likely to be below expectations
James Cropper looks to add volume as luxe sales fall
2,000 people surveyed