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Tax boost for Xerox in Q2

Office equipment maker Xerox has reported earnings per share of 40 cents for the second quarter of this year. A 33 cent per share gain from a tax settlement was partially offset by a restructuring charge of 13 cents per share.

Total sales were up 2% on the same period a year earlier to $3.9 billion, with equipment sales up 4%, but both figures were boosted by currency movements. Revenue from colour products increased by 17%.