Xerox earns soar following ACS buyout, shares pop

Yahoo writes: "Xerox Corp.'s net income jumped 62 percent in the second quarter as the company reaped the benefits of its $6 billion acquisition of outsourcer Affiliated Computer Services and notched strong printer sales. Shares leapt 6 percent after the company raised its 2010 guidance.

The numbers, reported Thursday, show the effects of Xerox's transformation with the ACS acquisition and underline the fact that companies are spending more on technology as their budgets mend. That trend has been illuminated in the past couple of weeks by other heavyweights such as Intel Corp., IBM Corp. and EMC Corp."

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