The following appears on blogs.wsj.com
You’re not the only one worried about business model disruption. Lexmark InternationalInc.LXK -0.96%, the 25-year-old printer company, is trying to become a vendor of software and services as its traditional printer hardware business declines. Mainly through acquiring software companies, Lexmark now offers products to manage documents and digitize information from paper, such as invoices and patient records.
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The company continues its managed print services – essentially it’s an outsourcer of corporate printer networks. But the new software business and managed print services are expected to make up 40% of Lexmark’s revenues by the end of 2016, said CEO Paul Rooke. That’s up from 30% now. Lexmark reported $3.7 billion in revenues last year, down from $4.2 billion in 2010, when it started its transformation.
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