SAN FRANCISCO — Xerox has reiterated its 2011 financial guidance as the printer and copier maker makes a bigger push into technical services — a lucrative line of business that other big technology companies are flocking to as selling computer hardware becomes less profitable.
The Norwalk, Conn., company said Tuesday that it still expects full-year revenue growth of 6 percent to 8 percent from last year, which translates to a range of $22.9 billion to $23.4 billion. That’s higher than analysts’ average estimate of $22.8 billion, according to FactSet.
Xerox expects earnings of $1.05 to $1.10 a share, excluding items, which was in line with analysts’ projections for $1.08 a share.
Xerox added that it expects to spend about $300 million on acquisitions this year.
For 2012, the company expects earnings of $1.18 to $1.28 a share, excluding items. Analysts expected $1.24 a share, on that same basis.
While Xerox is best known for its copiers and printers, most of its money comes from its service and outsourcing contracts. The $6.5 billion acquisition of Affiliated Computer Services, an outsourcing specialist, last year made Xerox a bigger player in those markets. Such services include data processing and human resources jobs.
The company has been cutting jobs to cut costs. Last year, it cut about 9,000 workers, and in 2008 it cut about 4,900, according to Xerox’s latest annual report.
