Menu
Fuji Xerox NZ slumps to $15m loss

Fuji Xerox NZ slumps to $15m loss

Volatile exchange rates challenge digital imaging giant.

The global financial crisis has driven Fuji Xerox New Zealand deep into the red in its 2009 financial year. According to financial reports held by the Company’s Office, Fuji Xerox’s combined operations in New Zealand, across its trading and finance companies, lost $15.6 million for the year ended 31 March 2008. That compares with a break even result the previous year.

Fuji Zerox’s local chief operating officer, Tom Duffy, says an unfavourable exchange rate against the Yen hit the company’s operations at the same time customers were under financial stress due to the crisis.

“We decided not to pass the full impact of the the exchange rates on to customers,” he says.

If it wasn’t for the impact of the crisis, there might have been potential to pass that on. However, the company decided to take a “long term strategic view”, he says.

Duffy says sales were almost the same in value over the two years.

Read more at Computerworld.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags fuji xerox

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments