Xerox's Profit Slips 11% Amid Weak Conditions

Jan. 24, 2013 7:56 a.m. ET

Xerox Corp.'s fourth-quarter net profit shrank 11% as sales from the printing and services company's technology segment continued to slide.

Xerox, long known as a maker of printers and copiers, recently has struggled with weak economic conditions, especially in Europe, which have hurt the company's equipment sales.

The company has been working to transform itself into a service-focused company. It passed a milestone in 2012...

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