Xerox fourth-quarter revenue falls

Xerox fourth-quarter revenue falls

The company logo for Xerox is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019. REUTERS/Brendan McDermid

(Reuters) – Xerox Holdings Corp (XRX.N), which is locked in a battle to take over HP Inc (HPQ.N), posted a fall in quarterly revenue on Tuesday as more businesses digitized their paperwork, hurting demand for printers and photocopiers.

Total revenue fell to $2.44 billion in the fourth quarter from $2.50 billion a year earlier.

Net income attributable to Xerox rose to $818 million, or $3.61 per share, in the three months ended Dec. 31 from $137 million, or 56 cents per share, a year earlier.

Reporting by Neha Malara in Bengaluru; Editing by Anil D’Silva

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