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Published: 28 January 2000 18:09 GMT
Xerox's earnings for the fourth quarter of 1999 matched profits warnings issued last month by dropping more than 50 per cent on the previous year's figures.
Net income stood at $294m - compared to $615m for the same period last year; revenues also fell by six per cent from $5.8bn in 1998 to $5.4bn in 1999.
Julio Vail, analyst at IDC, said although results faltered, the company should recover by the end of the year. "Following the acquisition of Tektronix, they now have the full range offering ink, monochrome and laser products," said Vail.
Xerox completed its $950m acquisition of Tektronix on 1 January this year.
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