Xerox Earns $0.23 In Q1 2012 In Line With Estimates

Xerox Corporation (NYSE:XRX) announced its earnings report for the first quarter of 2012 this morning before the market opened. The company showed earnings of $0.23 per share and revenues of $5.5 billion. The company is doing solidly in a business that is forecast to contract in the future as enterprises moves to more cost efficient and environmentally friendly electronic documents. The increase of tablet computer presence in businesses means the company’s long term strategy will need to adapt but for the near and medium term it can expect steady business. In the same quarter last year the company earned 23 cents…