Printer and copier maker Xerox reported a 4.2 percent fall in quarterly revenue, hurt by a strong dollar and lower sales of printers and copiers.
The firm's shares fell more than 13 percent Monday. (Click here for the latest quote.)
The company is focusing on its services business, which offers business process outsourcing and document outsourcing, as sales of printers and copiers, its mainstay for over half a century, have fallen for more than four years.
The company said revenue from its document technology business, which includes sales of printers and copiers, fell 10 percent to $1.6 billion.
Xerox said in February it would split into two companies, one holding its legacy printer operations and the other its business process outsourcing unit.