Xerox Moving Into IT Services

Printer and copier maker Xerox Corp forecast current-quarter earnings below estimates as it quickens efforts to transform itself into a technology services provider.

Xerox, whose shares were little changed at midday, also offers services such as managing toll systems and healthcare programs to counter sluggish growth in its printers and copiers business, which accounts for about 40 percent of its revenue.

Services is now the larger part of the company’s business and lower margins in IT and business process outsourcing is dragging overall margins.

The company said it expects second-quarter revenue from its document technology business, which includes printers and copiers, to decline in the mid-single digits. Revenue fell 9 percent to $2.14 billion in the business in the first quarter.

Based in Norwalk, Connecticut, Xerox moved into business services with its purchase of Affiliated Computer Services Inc (ACS) for $5.5 billion in 2009 – the company’s biggest deal in its 106-year history.

Xerox said it plans to quicken the pace of a restructuring plan kicked off in the last quarter of 2012 and included a 2-cent restructuring charge in its second-quarter forecast.

Xerox said it expects flattish revenue for the full year, compared with previous expectations of up to a 2 percent growth, it said on a conference call with analysts.

The company said it was on track to reach its target of adjusted EPS of $1.09 to $1.15 for the full year and to generate operating cash flow of $2.1 billion to $2.4 billion.

“Europe remains weak. US remains stable, but weak. We have not seen a pickup in the US,” Xerox CEO Ursula Burns said on a conference call with analysts.

“We did see a slowdown, a bit of a slowdown, in some developing market economies. But our business model is fairly resilient in the developing markets,” she said.

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Nokia And Ford Team Up

Ford has teamed up with Nokia to equip its cloud-connected vehicles with the Finnish phone maker’s Location Platform.

The Nokia Location Platform consists of a suite of client and server-side programming interfaces that allow developers to build interactive applications with maps and map-related services.

The possible integration of the service into Ford vehicles in the future could help Ford learn driver behaviour and control, improve and personalize vehicle performance.

“Another area of Ford’s research is designed to optimise hybrid powertrain efficiency,” Nokia said in a press release. “The Nokia Location Platform could automatically regulate a car’s powertrain as it travels through established or driver-specified ‘Green Zones’.”

Christof Hellmis, VP of the Map Platform in Nokia’s Location and Commerce business unit said the integration of Nokia’s Location Platform is not scheduled for production and has so far only been seen in the Ford Evos concept car.

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Nokia Sold 1 Million Lumina Smartphones

Nokia reported a one billion year over year loss for the quarter ended 30 December 2011, only slightly offset by its launch of Lumia Windows Phone smartphones.

The firm shipped 113.5 million mobile phones during the quarter, down eight per cent from the same period in 2010. However, the figures were up from the 106.6 million units shipped in the third quarter of 2011, as the company benefited from its launch of the Lumia 800 smartphone in October, its first Windows Phone handset since it announced its deal with Microsoft.

Nokia shipped 19.6 million smartphones during the final quarter of 2011, down from the 28.6 million it shipped a year earlier, but up 17 percent from the 16.8 million sold in the third quarter of 2011.

The company reported net sales of $10 billion for the quarter, 20 percent down from the same quarter a year earlier. Full year sales were $38.7 billion, a nine percent decline from 2010.

Nokia reported that it sold one million of its Lumia smartphones since they went on sale in October. The firm said it is accelerating investment in its Lumia range of devices running Microsoft Windows Phone, claiming it has sold “well over one million Lumia devices to date”.

Nokia CEO Stephen Elop said, “Just six months after signing an agreement with Microsoft, we introduced our first two devices based on the Windows Phones platform – the Nokia Lumia 800 and the Nokia Lumia 710. We brought the new devices to market ahead of schedule, demonstrating that we are changing the clock speed of Nokia. To date, we have introduced Lumia to consumers in Europe, Hong Kong, India, Russia, Singapore, South Korea and Taiwan.

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Nokia’s Lumina 800 Receives An Update

Nokia has started rolling out a software update to its Lumia 800 smartphone starting today.

The company has kept the promise it gave last month to upgrade the Lumia 800 to fix power efficiency problems. There is more than one patch in the update, which will also bring new features on top of the power fix.

Nokia said, “Starting today and rolling out over the next few weeks we will be releasing software updates to deliver exciting new features and performance enhancements including charging improvements to the award winning Lumia 800.”

“With the fastest growing app store and the highest positive user feedback, the Windows Phone experience on the Lumia 800 is setting the pace in the mobile community. Additional updates will come in early 2012.”

We’ve updated our Lumia 800 today but the notification mentioned only fixes for email and voicemail issues. We haven’t experienced any power problems with our particular handset since we’ve had it.

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