Is Xerox’s Stock a Buy Now?
The first thing you should know is that Xerox is one of the most innovative companies in the world. If you just said to yourself, What in the world are you talking about? — that’s a common reaction. Unbeknownst to most people, Xerox filed for 1,215 patents in 2012. That holds a lot of potential. Then again, potential doesn’t always lead to results. We’ll get to that a little further along. And don’t worry, it’s not that far. This is a short article.
As far as earnings go, Q4 revenue was $5.92 billion versus an expectation of $5.88 billion. Net income also beat expectations, but $335 million was a decline from $375 million in Q4 2011.
Let’s take a look at some more important numbers for Xerox prior to forming an opinion on the stock’s most likely direction…