What is RPA?

Seeing a headline with robots in it caught my attention. I’ve worked with robots for years, particularly education and entertainment robots. Ever since robots have come on the scene, there has been the concern that automation would result in layoffs, mostly for manufacturing and distribution employees. Now, however, the concern may be that Robotic Process…

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Xerox Hiccups with a 17% Q1 Earnings Decline

“Revenue and cash flow in line” says CEO Xerox Corporation announced its first quarter 2017 earnings on April 25, 2017 (see Figure 1, Figure 2, and Figure 3). The company provided different revenue splits so some numbers are estimated for past quarters. Xerox total Q1 revenue of $2.45 billion (B) from continuing operations, down 6.2%…

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Can Analytics Bolster Graduation Rates?

Purdue University has developed a web tool that can help new freshman adapt to campus and presumably helps students increase the odds they will graduate. Currently, Purdue has about a 50 percent graduation rate. Today according to the National Clearinghouse Research Center, a student enrolled in a four-year degree program that instead takes the student…

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Why has HP put so much effort into 3D materials development?

HP has always been a leader in the 2D printing arena. One of its strategies to expand and grow has been its proprietary nature in its toner and ink supplies. If you get right down to it, with over two-thirds of its printing revenue coming from consumables, proprietary has been a very good strategy. That…

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HP ‘Opens the Kimono’ and Announces the World’s First 3D Open Materials and Applications Lab

HP’s Partner, SIGMADesign, Announces First 3D Materials Development Kit  From the hallowed halls of Corvallis, Oregon, where HP’s engineers and scientists have developed the first handheld calculators, thermal inkjet, pagewide technology, and the T400 HP PageWide Web Press, comes its latest innovation – the world’s first 3D Open Materials and Applications Lab. It is a…

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Why does the National Consumer Law Center say that electronic statements can cause consumer harm?

Every so often the information industry will publish a series of articles, columns, and research reports on “The Office of the Future,” or “Paperless office remains out of reach,” or “5 Steps to a paperless life,” or “ROI on paper-free projects,” or even “Why paper still rules the enterprise?” Articles like these advocate the benefits…

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HP Fires on All Cylinders

Revenue growth, EPS beat by a penny  Fiscal Q1 revenue of $12.7 billion (B) up 4% Y/Y, 5% in constant currency (CC) Q1 Printing revenue declined to $4.5B (3% Y/Y, 2% CC) Printing supplies revenue comprised 67% of Printing segment Supplies revenue declined 3% Y/Y (2% CC) to $3.0B Printing hardware units were up 6%…

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A Few Potential Game Changers for the Hardcopy Industry

For a mature industry, the hardcopy industry continues to change at a very past pace. Mergers and acquisitions among solution providers, systems integrators, and service providers; the changing landscape of the channel and the continuation of technology improvements in printing devices, such as Epson’s EcoTank models, HP’s PageWide and PageWide Pro series, HP Canon’s Pixma…

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Ricoh 9 month results cause amended forecast for sales

Lowered its year-end dividend payment forecast   Ricoh Company, Ltd. reported its Q316 results on January 31, 2017 (please see Figures 1, 2, and 3). Q3 Sales of ¥497.9 billion (B), declined 9.2% year-to-year (YTY) Q3 operating profit of ¥12.0B, declined 59% YTY Q3 Imaging & Solutions sales of ¥439.1B, declined 10.4% YTY Q3 Imaging…

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Konica Minolta production print units grow at eight percent

FOREX Hurts Financials Konica Minolta, Inc. (KM) reported Q316 financial results on Tuesday, January 31, 2017 (see Figures 1, 2, and 3 below). Q3 revenue of ¥237.7 billion (B) ($2.17B), declined 7% (YTY), 3% increase w/o FOREX impact Q3 operating profit of ¥15.9B ($145.4M), increased 19% (YTY), 65% increase w/o FOREX impact Q3 Business Technologies…

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Epson Q3 Revenues Up Sequentially, Lower YTY

FY16 Outlook Improves, Lower than FY15 Seiko Epson (hereafter Epson) announced its third quarter and nine months 2016 results on January 31, 2017 (see Figure 1, Figure 2, and Figure 3). Epson Q3 sales of ¥ 278.3 billion (B) ($2.6B), down 6% year-to-year (YTY) Printing Solutions Q3 sales of ¥ 192.4B ($1.8B), a decline of…

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Canon Q416 and FY16 Had Sales and Profit Decline

2017 Projection Shows Healthy Increase is Sales and Operating Profit Canon, Inc. announced its fourth quarter and full-year 2016 results on January 31, 2017 (see Figure 1, Figure 2, and Figure 3). Canon consolidated Q4 sales of ¥ 965.2 billion (B) ($8.8B), down 7% year-to-year (YTY) Office Business Unit Q4 sales of ¥ 485.9B ($4.4B),…

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“New” Xerox Fourth Quarter Earnings in Line

Exceeds first-year savings target for Strategic Transformation Program Xerox Corporation announced its fourth quarter 2016 earnings on January 31, 2017 (see Figure 1, Figure 2, and Figure 3). Due to the split with Conduent some numbers are estimated for past quarters. Xerox total Q4 revenue of $2.7 billion (B) from continuing operations, down 7 percent…

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Who will win the inkjet war?

Several years ago, business inkjets were not the most popular device in an office. Managed print services for medium-to-large corporations all but did away with personal printers and most of them were business inkjets or small laser printers. But there has been a resurgence of inkjets in the small-and-medium businesses (SMB) and SOHO segments. There…

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The 2020 Multifunction Printer (MFP) – a True Workflow Efficiency Hub?

Back in 2011, Photizo completed some primary research and came up with the “ideal” hardcopy device (see Figure 1).  The thought process at that time was to make the next generation of printers and copiers designed for robust, long-term services – always connected and designed for ease of support. As can be seen in the…

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HP Upbeat Despite Lower Annual Printing Revenue

Printing Operating Profit Also Declines Yearly HP, Inc. Q4 revenue of $12.5 billion (B) up 2% Y/Y, 4% in constant currency (CC) HP FY16 revenue of $48.2B, down 6% Y/Y, down 2% CC Q4 Printing revenue declined to $4.5 B (8% Y/Y, 6% CC FY16 Printing revenue of $18.3, down 14% Y/Y, 9% CC Printing…

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Xerox Generates Strong Margins Ahead of its Impending Split

Revenue Continues to Drop Xerox Corporation announced its third quarter 2016 earnings October 28, 2016 (see Figure 1, Figure 2, and Figure 3): Xerox total Q3 revenue of $4.2 billion (B), down 3 percent year-to-year (YTY) Services Q3 revenue of $2.4B, down 1 percent Document Technology revenue of $1.6B, down 9 percent Xerox worldwide employment…

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Konica Minolta Displays Growth in A3 MFPs Despite FOREX Impact

Konica Minolta, Inc. (KM) reported Q216 financial results on Monday, October 31, 2016 (see Figures 1, 2, and 3 below). Q2 Revenue of ¥232.7 billion (B) ($2.27B), declined 10% (YTY), 4% increase w/o FOREX impact Q2 Operating Profit of ¥9.6B ($93.7M), declined 47% (YTY), 5% increase w/o FOREX impact Q2 Business Technologies Revenue of ¥3…

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Ricoh Q216 Results Causes Step Up of Structural Reform Efforts

H1 Operating Profit dropped 70.5 Percent Ricoh Company, Ltd. reported its Q216 results on October 27, 2016 (please see Figures 1, 2, and 3 below). Q2 Sales of ¥483.7 billion (B), declined 13.0 percent (Y/Y) Q2 Operating Profit of ¥5.7B, declined 84 percent (Y/Y) Q2 Imaging & Solutions Sales of ¥424.9B, declined 14 percent Q2…

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Lexmark Expects Acquisition to Close in 2016

First gain in last 7 quarters Lexmark International reported its third quarter 2016 on October 28, 2016 (see Figures 1 and Figure 2) below: Company revenue of $844 million (M) declined 1 percent Enterprise Software revenue of $156M, up 5 percent ISS revenue of $688M, down 2 percent Higher Value Solutions (comprised of MPS and…

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Canon Q316 Earnings Results in Yet Another Full-year Forecast Cut

Cuts Full-year Forecast for Third Time in 2016 Canon, Inc. announced its third quarter 2016 results on October 26, 2016 (see Figure 1, Figure 2, and Figure 3). Canon consolidated Q3 sales of ¥ 778.8 billion ($7.71B), down 16 percent year-to-year (YTY) Office Business Unit Q3 sales of ¥ 411.2B ($4.07B), a decline of 19…

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Where’d My Teller Go?

In our last Photizo news byte we investigated the ‘gig’ economy and the transformation that has been going on in that industry. On the heels of that analysis comes an industry that has been going through transformation as well – the banking industry. It was reported that Bank of America, Citigroup, and JPMorgan “shut 389…

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How Big is the Gig Economy in the U.S.?

There have been many articles written about the transformation of our hardcopy industry. But how about the ongoing transformation of traditional jobs that are becoming, in effect, freelance ‘gigs.’ Airbnb, Lyft, and Uber are companies that have created online marketplaces to transform jobs like working in hotels or driving taxis, into independent work. The gig…

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Who Works More Hours – Americans or Europeans?

A new study has attempted to measure the differences between the total number of hours worked by American and European workers. It was not an easy task to accomplish. The original intent was to make it easier to compare countries to each other. It incorporated the length of a work week, retirement, unemployment, vacation, and…

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Are You Awash in Data?

As Photizo has been developing its Advanced Analytics practice we hear from clients that the problem is not having enough data, the question becomes “What to do with the data we have acquired?” In essence, the key challenge is getting the most value from your data in a manner that creates better business outcomes and…

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What are Potential Game Changers for the Hardcopy Industry?

For a mature industry, the hardcopy industry continues to change at a dizzying pace. Mergers and acquisitions among solution providers, systems integrators, and service providers; the changing landscape of the channel and the continuation of technology improvements in printing devices, such as Epson’s EcoTank models, HP’s PageWide and PageWide Pro series, Canon’s Pixma CISS printers,…

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“Valuing People, Supporting Personal Best”

Such is the tagline for Shelley College located in Shelley, Huddersfield, West Yorkshire, U.K.. Unfortunately, Shelley College was taken for a ride by two of its Information and Communications Technology (ICT) employees as reported by The Huddersfield Daily Examiner by way of RT Recycling Times.  Two of its employees stole close to £100,000 ($122,000) worth…

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Will Recent Patents Create Havoc for Remanufacturers?

The Recycler magazine has two current articles concerning patents generated from Canon and Brother. Both articles mentioned the patents could affect remanufacturers. The one from Canon spoke about a “seal between two components” while the article about Brother’s patent had to do with “steps” required to manufacture an ink cartridge. On the surface, both of…

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Is Financial Pressure Reducing Industry R&D spend?

There are many reasons why shareholders have wanted to invest in the imaging industry. A few reasons have been revenue growth, profit growth, the business model (supplies annuity), impressive technology, new stylish products, or even dividends. As shareholder expectations have increased for the industry (and the fact that management bonuses are tied to growth), most…

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Where’s the Light (at the End of the Tunnel)?

The proverbial ‘light at the end of the tunnel’ appears very faint these days as U.S.-based and Japanese OEMs continue to consolidate, attempt to find profitable adjacencies, reduce expenses or buyback stock in order to make each other attractive to investors. All hardcopy OEMs have reported at least one quarterly earnings for Fiscal 2016. Almost…

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