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Xerox


Xerox, a name that is synonymous with the word "photocopy", is an American global document management company.

Founded in 1906, the company is headquartered in Norwalk, Connecticut, and employs some 57,400 people around the world. Its main businesses are in office and production equipment as well as consulting and outsourcing. It ranks 144th on the 2008 Fortune 500.

In May, Xerox gave a sneak peek of its cured ink for digital printers--which is said to work on almost anything--at the print trade show in Drupa in Germany.

Affected by the economic downturn, Xerox in October announced plans to trim its workforce by 5 percent--or 3,000 jobs--over the next six months. The move is expected to help the company save some US$200 million.

Xerox posted US$258 million net income for the third quarter ended Sep. 30.

This company is listed in Networking & Communications.



Financials
Fiscal year-end December FY08 FY07 FY06 FY05 FY04
Global revenue (US$millions) — 17,228.0 15,895.0 15,701.0 15,722.0
Global full-year net income (US$millions) — 1,135.0 1,210.0 978.0 859.0
Average year-on-year revenue growth over 4 years 3.16%
Average year-on-year net income growth over 4 years 10.46%
Percentage of revenue from Asia —

Operations
Founded 1936 New York USA
First Asian office —
Global employees 57,400
Global employees in Asia —
Asian economies: Total 10 China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand, Vietnam

* Data correct as of October 2008. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites and financial news sites. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities.

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