Xerox's fourth-quarter falls, CFO retires
Xerox Corp's
Revenue for the office document management company rose 42 percent to $5.98 billion from $4.22 billion a year earlier.
Fourth-quarter net income fell to $171 million, or 12 cents a share, down from $180 million, or 20 cents a share a year earlier.
The company said its Chief Financial Officer, Lawrence A. Zimmerman, will retire next month and be replaced by Luca Maestri, the current CFO of Nokia Siemens Networks.
Shares fell 10.5 percent in light premarket trading.
(Reporting by Liana B. Baker; Editing by Derek Caney)
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