Xerox announces Q2 results with 9% revenue growth in BPO Services
Xerox reported second-quarter total revenues of $5.61 billion, a 2% increase compared to the prior year with net income increasing 41% to $319 million from $227 million last year.
Services revenue was up 6%, with BPO up 9% and Document Outsourcing up 10%. ITO revenue was down 10%. BPO's 9% growth was driven by recent acquisitions as well as human resources and healthcare payer services and by increasing customer care and transportation volumes. This growth more than offset declines in govern...
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