The following appears on reuterscom
BY AISHWARYA VENUGOPAL – Printer and copier maker Xerox Corp reported a higher-than-expected quarterly profit as restructuring efforts ahead of its planned split into two companies helped cut costs.
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The company, which is splitting to separate its printer business from its business process outsourcing unit, said it slashed about 1,300 jobs globally in the second quarter.
Xerox’s total costs declined 6 percent to $4.24 billion. This included restructuring and related charges of $71 million, less than the $100 million the company had estimated in April.
