Xerox Service Business Up but Hardware Demand Weakens

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Xerox reported its earnings for the fourth quarter of 2011 on January 25, along with some full-year results. Fourth-quarter revenue of $6.0 billion was flat compared to the same period last year. Revenue for fiscal 2011, however, grew about 5 percent to $22.6 billion, up about $1 billion over 2010’s total revenue. In the fourth

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