FILE PHOTO: The company logo for Xerox is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) – Xerox Inc (XRX.N) cut its full-year revenue forecast on Tuesday, citing organizational changes, primarily in North America.
The U.S. photocopier maker is streamlining its business and scaling up operations under a new management installed by activist investors Carl Icahn and Darwin Deason last year.
Xerox now expects revenue to fall 6% for 2019, compared with a 5% decline it had estimated earlier.
Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D’Silva