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Xerox Wins Award

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Xerox Corp. (XRX - Free Report) recently announced that its Xerox DocuMate 4790 has been selected by Compuchannel – a leading online publication in Latin America – for a Channel Award in the best professional scanner category. The Xerox DocuMate 4790 scanner is priced at $5,995 and is available through major retailers and online channel partners.

More than 1,500 products of different brands were nominated for various computer hardware categories and were evaluated on scanning speed, scan methodologies, duplex capability, optical resolution, maximum paper size, document type and warranty. Amid the challenging environment and competition, the award is recognition of the technology and services provided by the company.

Xerox DocuMate 4790 scanner makes the distribution in the office environment a lot easier as it scans up to 90 pages in a minute and also has the VisioneerOneTouch scanning technology, which further reduces the complexities of scan jobs and workflows. The fast document scanners handle mixed paper in sizes and reduce document loss and misfiling. Xerox scanners are in high demand and have registered robust year-over-year growth of 300% in 2012.

Xerox is expected to release its fourth-quarter 2012 results on January 24, 2013. The Zacks Consensus Estimate for the company’s fourth quarter is currently pegged at 28 cents per share. Earlier, in the last reported quarter, Xerox reported adjusted earnings (excluding special items) of 25 cents per share, in line with the Zacks Consensus Estimate.

Headquartered in Norwalk, Connecticut, Xerox is a leader in the development, manufacture, marketing, servicing and financing of document equipment across the world.

Xerox currently has a Zacks Rank #4 (Sell) and a long-term Neutral recommendation. One of its competitors,Canon Inc (CAJ - Free Report) carries a Zacks Rank #3 (Hold).

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