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Xerox 2Q; Amazon AWS Sales; DocuWare First Half; Stora Enso Cuts Paper; Domtar at SDCC; JK Group Adds Sawgrass; Intel, IBM Cloud; ZVerse & 3D Systems Partner

Posted By : Photizo Group on July 28, 2015

Xerox 2Q; Amazon AWS Sales; DocuWare First Half; Stora Enso Cuts Paper; Domtar at SDCC; JK Group Adds Sawgrass; Intel, IBM Cloud; ZVerse & 3D Systems Partner

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New Products Expected to Drive Canon’s Positive Outlook

Posted By : Silena Thornsberry on July 27, 2015

On July 27, 2015, Canon reported its second quarter 2015 results. Consolidated net sales for the quarter were $7.9 billion (an increase of 5.1 percent year-to-year (YTY)). Gross profit for the quarter increased 4.2 percent YTY. This increase in revenue is due to the steady demand for multifunction and color devices. Canon has also experienced favorable currency exchange rates. However, even though Canon has focused on cost-cutting measures, cost of sales and operating expenses increased through the quarter. Consolidated operating profit was reported at $858 million (a decline of 5.3 percent YTY).

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