Posts tagged: financial

2018 Financial Review: A Look at 16 Industry Players

Christine Dunne Dunne
 Jul 2, 2019

Each year, Keypoint Intelligence publishes a document looking at the financial health of manufacturers in the global office equipment industry. The 2019 version is now available through our office services; it covers the performance of 16 industry players in the 2018 fiscal year. In most cases, we show the vendors’ imaging and printing revenue over a five-year span and explain the reasons for any changes. We also review operating profits within imaging and printing divisions to provide another measure of financial health. In the cases where OEMs do not report their imaging and printing performance publicly, we substitute revenue and profit information with data from our single-function printer and MFP placement and market share estimates.

Here are a few high-level findings from our latest financial review:

  • On the whole, global imaging and print-related revenue increased nearly 2% from 2017-2018 – fueled by vendors like HP that saw growth
  • Over a five-year period (2014-2018), overall global imaging/print revenue declined 7% – driven by declining demand and competitive pricing pressures (see chart below)
  • Vendors continued to experience a wide range of profit margins in 2018 (i.e., 0.6% to 16%)

Overall industry health as reflected by revenue

Notes: This chart includes the performance of 12 OEMs; fiscal year start and end dates vary somewhat by OEM

For more information on this and other Keypoint Intelligence research and deliverables, please contact Christine Dunne at christine.dunne@keypointintelligence.com.

Xerox and EFI – Making the Transformation

Jeff Hayes
 Jan 25, 2013

Xerox and EFI announced their 4Q 2012 earnings yesterday. Both companies continue to execute on strategies to transform, but are moving in different directions. There are lessons to be learned for the industry.

Xerox – Services for Growth, Technology for Profit

Xerox has made it very clear that they in the midst of a shift to a Services-led strategy. The company is managing its Technology business for profits and cash generation by lowering the cost basis and investing in services areas.

Xerox CEO Ursula Burns opened the earnings call by saying “Xerox is a company going through a seismic transformation.” The financial results show how far Xerox has transformed. The Services segment of the company grew 7% and is now 52% of the business and the Technology segment declined 8% and is now 48% of total revenue. For the first time, Xerox generated more in profits from Services than from Technology.

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Imaging & Document Market Directions and Vendor Strategies

Jeff Hayes
 May 19, 2011

The big imaging and document technology & services vendors reported their quarterly financial results over the last few weeks. Several important themes emerged that include:

  • Low growth and cautious outlook
  • Short-term impact from the Japan earthquake
  • Significant impact from the weak US Dollar, strong Japanese Yen
  • Growth in emerging markets; flat or declining in developed markets
  • Technology refresh in commercial markets;  technology changes in consumer markets
  • Acquisitions continue as vendors seek to re-position and strengthen

Here is my perspective on these themes and the implications for vendor strategies.

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Insights from the Xerox Financial Investor Conference

Jeff Hayes
 May 7, 2010

Xerox outlined its business strategy to approximately 100 members of the financial analyst community on Tuesday, May 4th at the New York Stock Exchange. Xerox has always been one of the thought leaders for the document technology and services industry, and typically does a good job articulating the critical trends, challenges and opportunities facing the industry. The event on Tuesday was no exception.

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