Xerox announces Q4 and FY results

Xerox announces Q4 and FY results

Xerox Holdings Corporation announced 2020 fourth-quarter and full-year results and guidance for 2021. Fourth quarter 2020 total revenue decreased 21.0% as compared to fourth quarter 2019. Supplies, paper and other sales including unbundled supplies and other sales...
Canon revises forecasts

Canon revises forecasts

The company passed a Board of Directors’ resolution on 14 January, revising its consolidated results forecast for the fiscal year ending 31 December 2020. Canon Inc. announced a revision of its projected forecasts for profits stating that “the markets in which the...
HP confirms the razor and blades model is changing

HP confirms the razor and blades model is changing

HP Inc’s CEO, Enrique Lores, uses the Q4 2020 results, earnings call to confirm the company continues “to evolve our print business models with our drive towards services and a rebalance of profitability between hardware and supply.” In the recent HP Q4 2020...
HP Inc. printing revenue down

HP Inc. printing revenue down

In its announcement, HP said that printing net revenue was down 3% year-over-year and supplies net revenue was down 1%. HP announced fiscal 2020 net revenue of $56.6 billion (€47.62 billion), down 3.6% from the prior-year period. For its fourth quarter net revenue was...
Canon revises forecasts

Brother releases second quarter results

The company has released its latest financial results for the quarter ended 30 September 2020. Brother recorded sales revenues of ¥156.9 billion ($1.5 billion/ €1.26 billion), a decrease of ¥24 billion ($230 million/ €193 million) compared to the same period of the...