Xaar Revenue Falls Slightly, Teams Up With Xerox To Develop Printers

The following appears on iii.co.uk

By Maryam Cockar – LONDON (Alliance News) – Inkjet printing technology firm Xaar PLC said on Wednesday interim revenue fell slightly and it will collaborate with Xerox Corp, a US document technology products company.

London-listed Xaar said it expects to report revenue of GBP44.0 million for the six months ended June 30, which is slightly below the GBP44.5 million achieved last year.

The Cambridge-based company said that revenue will be more weighted to the second half of calendar 2017 than usual with growth anticipated from recently introduced new products, and it was trading in line with its expectations.

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