Xerox Revenue by Reporting Segment – 2008
In 2008, we reported our financial results through three segments: Production, Office and Other. Financial information for operating segments is presented in our quarterly and annual reports available at www.xerox.com/investor.
Xerox Corporation – Who We Are and What We Offer
For more than half a century, Xerox has been in the business of making it easier to get work done. Our job has never been more important than it is today as the world gets even more lost in information. Xerox has kept pace with innovations that help business clear the path between paper and digital content, cut through the clutter and make information relevant again.
Document Management Services
We lead the industry in Document Management Services and participate in three areas of the outsourcing services market:
We help our customers deliver creative, custom communications through:
We have the right office printer and services for any business, from small to large:
Research and Development
Innovation keeps us in the forefront of our industry:
Xerox around the World
Xerox customers include small and medium-size businesses, graphic communications companies, government entities, education institutions, Fortune 1000 companies, and firms in document-intensive industries such as healthcare, legal and financial services. Xerox offerings are sold through our worldwide sales force; a network of independent agents and concessionaires, dealers, value-added resellers and systems integrators; Global Imaging Systems, a wholly owned subsidiary of Xerox; and the Web.
Xerox was ranked the World’s Most Admired Company in the computer industry in FORTUNE magazine’s annual reputation survey. Xerox jumped to No. 1 from last year’s industry ranking of No. 4. To arrive at each company’s industry ranking, scores were averaged from
Revenues by Geography
We operate in more than 160 countries worldwide
and serve a $132 billion market.
In 2008, about one-half of our revenue was generated from customers outside the U.S. Our largest subsidiary outside the U.S. is Xerox Limited, which operates predominantly in Europe. We conduct our developing markets operations in Latin America, Brazil, the Middle East, India, Eurasia and Central-Eastern Europe, and Africa through operating companies, subsidiaries and distributors.
Fuji Xerox, an unconsolidated entity in which we own a 25% interest, develops, manufactures and distributes document processing products and services in Japan, China, Hong Kong and other areas of the Pacific Rim, Australia and New Zealand.
During 2008 we completed several acquisitions to further strengthen our distribution capacity and expand our reach into the small to mid-size market:
2008 Revenue: $17.6 billion
2008 Net Income: $230 million, approximately $1 billion when excluding the 2008 provision for litigation matters of $491 million, the 2008 restructuring charge of $240 million and the 2008 Q4 equipment write-off of $24 million
Employees: 54,700 worldwide
Operates in: More than 160 countries
Founded: In 1906 as The Haloid Company; named Haloid Xerox in 1958; named Xerox Corporation in 1961
Fortune 500 Ranking: No. 147
Headquarters: Norwalk, Conn., U.S.A.
The document industry is transitioning to digital systems, color and an increased reliance on electronic documents. More and more, businesses are creating and storing documents digitally and using the Internet to exchange electronic documents. We believe these trends play to the strengths of our product and service offerings and represent opportunities for future growth in the $132 billion market we serve.
Xerox Market Opportunity by Segment – 2008
Services: $26 Billion
Our value-added services deliver solutions, which not only optimize enterprise output spend and infrastructure, but also streamline, simplify and digitize our customers’ document-intensive business processes.
Production: $25 Billion
We are the leading provider in the market and offer a complete family of monochrome and color production systems, business development tools and workflow solutions. We are creating new market opportunities in targeted application areas with digital printing as a complement to traditional offset printing.
Office: $81 Billion
We are well positioned to capture growth by leading the transition to color and reaching new customers with the industry’s broadest offerings and expanded distribution channels.
Since our inception, we have operated under the guidance of six core values: