Lexmark reports second quarter results
LEXINGTON, Ky., July 21, 2015 /PRNewswire/ — Lexmark International, Inc. today announced financial results for the second quarter of 2015.
“Lexmark delivered strong growth in Higher Value Solutions revenue, which is comprised of Enterprise Software and Managed Print Services,” said Paul Rooke, Lexmark chairman and chief executive officer. “Despite the ongoing headwinds from the strong U.S. dollar and near-term laser supplies channel optimization particularly in EMEA, overall Lexmark delivered a good quarter.
“With the addition of Kofax, Lexmark increased Higher Value Solutions annualized revenue to approximately $1.5 billion while nearly doubling the annualized revenue of our Enterprise Software segment.
“Lexmark’s transformation is fueled by our disciplined capital allocation framework, designed to invest in growing our Higher Value Solutions capabilities while rewarding shareholders through the ongoing return of capital,” Rooke said.