Norwalk-based Xerox Corp. said Friday its second-quarter profit jumped 41 percent, as higher service revenue offset a decline in technology and equipment sales stemming from the March earthquake and tsunami in Japan, The Associated Press reports.
The printer and copier maker also raised its earnings forecast for the year.
Xerox reported net income of $319 million, or 22 cents per share, up from $227 million, or 16 cents per share, in the same quarter last year.
Excluding amortization costs and other one-time charges, the company posted an adjusted profit of $393 million, or 27 cents per share, up from $342 million, or 24 cents per share.
Revenue rose 1.9 percent to $5.61 billion.
Analysts, on average, expected a profit of 24 cents per share on $5.62 billion in revenue, according to a FactSet survey. Analysts’ estimates usually exclude one-time items.
