Xerox Corp.’s profit jumped 62%, topping expectations, as small- and mid-sized businesses continued to show renewed interest in spending. The printer-and-copier maker, which earlier this year branched out into technology services, also raised its 2010 per-share earnings forecast to between 88 cents and 92 cents from 85 cents and predicted a third-quarter, per-share profit of 19 cents to 21 cents, in line with analysts’ average estimate.
Per-share profit, excluding some costs, was 24 cents a share, the Norwalk, Connecticut-based company said today in a statement. Analysts estimated 21 cents on average, according to a Bloomberg survey. The company said full-year earnings, excluding costs, would be between 88 cents and 92 cents per share, compared with the previous forecast of at most 85 cents.