Xerox beats forecasts in second quarter before exceptionals

Xerox Corporation, which intends to create 2,200 jobs in Dundalk and Dublin as part of a global restructuring plan, announced…

Xerox Corporation, which intends to create 2,200 jobs in Dundalk and Dublin as part of a global restructuring plan, announced yesterday that its second-quarter net profits, excluding a restructuring charge, rose to $395 million (£281.7 million) from $337 million in the April-to-June period of 1997.

The company said the charge came to $1.107 billion. Earnings per share were $1.09, two cents better than Wall Street expectations and up from 94 cents a year earlier. Turnover rose from $4.351 billion to $4.742 billion.