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Xerox saw a 12 percent drop in Q3 profits as demand for its equipment and supplies declined.
The company has mentioned facing weaker-than-expected demand in Europe amid economic turmoil and competitive pricing. Investors are searching for increased profitability in services, where Xerox is making up for declining print revenue with contracts such as automating payments for governments or processing claims for insurers.
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- Companies:
- Xerox Corp.
- Places:
- Europe
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