Xerox Reports Second-Quarter 2011 Earnings
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Located in Norwalk, Conn., Xerox Corporation announced second-quarter 2011 results that include adjusted earnings per share of 27 cents. Adjusted EPS excludes 5 cents primarily related to the amortization of intangibles, resulting in GAAP EPS of 22 cents.
"During the second quarter, our disciplined focus on scaling our services business and delivering operational improvements helped to increase bottom-line results and generate operating cash, positioning us well to increase our earnings expectations for the full year," said Ursula Burns, Xerox chairman and chief executive officer.
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