Printer and copier trade slump guts Xerox
 

Xerox reported a 4.2 percent fall in quarterly revenue due to lower sales of printers and copiers as the company frantically tries to restructure itself out of trouble.

The outfit said it expects to incur about $100 million in restructuring costs in the second quarter as it splits into two companies, one holding its printer operations, and the other its business process outsourcing unit, which offers business process outsourcing and document outsourcing.

Chief Executive Ursula Burns said that Xerox will appoint its top staff by the middle of the year.

Xerox said revenue from its document technology business, which includes sales of printers and copiers, fell 10 percent to $1.6 billion in the quarter.

Sales of printers and copiers, its mainstay for over half a century, have fallen for more than four years.

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