The OEM reported net income of $256 million in the three months to 30 September, compared to $129 million in the same period last year.
Total revenues also rose 48 percent to $5.4 billion from $3.6 billion in third quarter 2009.
The firm saw its technology segment’s profit increase to $247 million, up $13 million from last year.
Strong demand
Total install activity for Xerox equipment was up 20percent, reflecting strong demand across all product segments.
Xerox said that it saw a 65 percent increase in sales of entry-level A4 monochrome MFPs, and a 44 percent rise in colour MFPs around the world.
In the mid-range, it reported a 22 percent rise in sales of monochrome MFPs, “driven by our recently launched mid-range products”.
And Xerox saw a 47 percent boost in sales of the colour devices, “primarily driven by demand for new products, such as the WorkCentre 7120/7700, ColorQube and the Xerox 700”.
It added that there has been a two percent increase in sales of high-end monochrome systems, and sales for the Xerox Color 800 and 1000 enhanced 54 percent.
Restructuring costs up
Xerox expects 2010 restructuring to be $120 million more than previously disclosed.
Ursula Burns, Xerox Chairman and CEO, said: “Building on our solid first-half results, we delivered steady revenue and earnings growth in the third quarter, keeping us on track to close the year strong.
“We’ve transformed our company into the world’s leading enterprise for business process and document management. In doing so, we’ve been successful in leveraging our brand, global scale and innovation to win multi-year contracts for business process, IT and document outsourcing.
“As a result, we are raising our guidance for both this year and 2011 to reflect the positive momentum we’re building in the marketplace and the efficiencies we’re driving across the business.
“During the third quarter alone, signings for service contracts grew 26 percent and pro-forma revenue from our BPO offerings was up 8 percent. Along with 13 percent growth in equipment sales, this progress fuels our healthy annuity stream for the long term.”