“We posted another solid quarter of earnings, margins, and cash flow in line with our expectations, supported by our on-going Strategic Transformation initiatives,” said Jeff Jacobson, Xerox chief executive officer. “Revenue decline improved sequentially which we expect to carry through the rest of the year.” Jacobson added, “All 29 of our new ConnectKey®-enabled office products are now available and shipping to large and small customers around the globe; momentum is building, as expected, entering the last quarter of the year.” The company delivered third-quarter 2017 GAAP earnings per share (EPS) from continuing operations of 67 cents, up 1.5 percent year-over-year. Adjusted EPS was 89 cents, up 6.0 percent year-over-year, and excludes 22 cents per share of after-tax costs related to the amortization of intangibles, restructuring and related costs, and certain retirement-related costs. Revenues were $2.5 billion in the quarter, down 5.0 percent or 5.9 percent in constant currency. Post sale revenue was 79 percent of total revenue. Click Read More below for additional information.
A survey published this month by Booknet Canada found that Canadians prefer reading books in print. It also found that more are opting to do their reading on smartphones, or listen to audiobooks.
The results of the survey, which come from 750 respondents, found that 90% of respondents that had read a book in the last year had read a print book. However, 22% of respondents ranked reading last among a string of leisure activities that include browsing the Internet (33%), spending time with family (32%), watching TV (31%) and going to the movies (23%).
BookNet Canada, a nonprofit book industry research organization, reported that 82% of respondents said they had read a book in the last year, about the same percentage as its 2016 survey found. The number of respondents who had read at least one book during the past year has been declining since 2014 though, when 88% of respondents reported reading at least one book.
Of those that had read a book in the past year, 46% said they went to a library to get the book (be it in the form of e-book, print or audio). This figure is about the same as the year before.
While 90% of respondents who had read a book in the past year said it was a print book, 48% said they had read an e-book in the past year and 26% said they had listened to an audiobook, which is a slight increase from last year.
The use of smartphones to read e-books rose 6% to 20%, up slightly from last year. Thirty eight percent of respondents use tablets to read their e-books, up slightly from last year, while the use of dedicated e-readers has declined about 5%.
more at: https://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/74553-canadians-still-prefer-print-but-smartphone-e-reading-is-rising.html