Board Experience and Strategy Leads to Strong Fourth-Quarter Results for Xerox

Xerox Corp (NYSE: XRX) announced today very strong results from its fourth financial quarter with a net income rise of 79 percent, leading to promising performance for 2008 despite the current unstable condition of the US economy.

Earnings per share reached 41 cents, up from 22 cents the year before, which included a restructuring charge of 16 cents per share for an 8 percent per share earnings increase. Xerox Chairman/CEO Anne M Mulcahy said of the results, “Our growing annuity revenue and strong cash generation, along with our disciplined approach to controlling costs, result in consistent delivery of solid performance year after year.”

Also essential to consistent company growth is the backing of an experienced leadership team, backed by the corporate network to help spark new ideas, strategies and alliances.

NewsVisual created an IntellectSpace Knowledge Map to illustrate the current corporate connections of Xerox’s Board of Directors. The results suggest not only a high amount of corporate leadership experience but also links to multiple industries that could be valuable to the company’s future performance.

Nearly all of Xerox’s Directors are current Senior Executives or Board Members at other major corporate entities. Anne Mulcahy, Anne N Reese, Ursula M Burns and Vernon E Jordan are each Directors at notable companies within the financial services industry, including Citigroup, Merrill Lynch, Lazard and American Express.

Other Directors worth mentioning include Glenn A Britt, the President/CEO of Time Warner Cable, Richard Harrington, the President/CEO of The Thomson Corporation, Ralph S Larsen, the former Chairman/CEO of Johnson & Johnson and Robert A McDonald, Proctor & Gamble’s Chief Operating Officer. Additional board memberships with General Electric, Yahoo, Sears Holdings and Target serve to further strengthen the experience and network of Xerox’s Directors. 

Click here or copy this link into your Internet Explorer browser for an interactive version of this IntellectSpace Knowledge Map: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=8cd78bba-6d47-48fb-921e-69aa50bc1916

(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).