Weak Revenue, Possible Layoffs Dog Xerox Third-Quarter Results

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On October 23, Xerox reported that the ongoing weakness in U.S. and European markets hampered sales and drove revenue down during the past quarter, which closed on September 30. The firm’s total third-quarter revenue reached $5.4 billion, down 3 percent compared to last year. While Xerox reported its Services revenue continues to grow, falling Technology revenue

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