NEW YORK (Reuters) - Xerox Corp , the leading provider of digital printers and document management services, said on Friday quarterly profit declined, hurt by restructuring costs and weak equipment sales.
The company, whose growth is driven by sales of services and supplies for printing machines, said its fourth quarter net income was $1 million, or nil cents a share, down from $382 million, or 41 cents a share, a year earlier.
XEROX (XRX.NY)late last year announced a restructuring plan, which included about 3,000 job cuts, aimed at saving $200 million in 2009. In the fourth quarter, restructuring charges were 27 cents a share.
Revenue fell to $4.37 billion from $4.88 billion a year earlier.
(Reporting by Franklin Paul; Editing by Derek Caney)
