FILE PHOTO – The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo
(Reuters) – Xerox Corp reported a 7.8 percent fall in fourth-quarter revenue on Tuesday, as businesses continue to cut back spending on printers and photocopiers.
Net income attributable to the company was $137 million, or 56 cents per share, in the three months ended Dec. 31, compared to a loss of $190 million, or 76 cents per share, a year earlier.
Total revenue fell to $2.53 billion from $2.75 billion.
Reporting by Pushkala Aripaka and Munsif Vengattil in Bengaluru; Editing by Shounak Dasgupta
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source: reuters.com