Konica Minolta Reports Q4 Revenue Decrease, FY15 Revenue Growth

Yen appreciation and price competition make for a difficult Q4   Konica Minolta, Inc. (KMI) reported 4Q15 and FY15 results on Thursday, May 12, 2016 (see Figures 1, 2, and 3 below). Q4 Sales of ¥269.4 billion (B), declined 2 percent (YTY) Q4 Operating Profit of ¥5B, declined 1 percent (YTY) 2015 Fiscal Year Revenue…

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“The Password is the Root of all Evil”

So, states Jonathan Klein, past president of Virginia-based enterprise software company, Microstrategy. Time and time again, we are reminded that approximately $250 billion is lost to fraud each year, as well as, another $100B lost to cybercrime. We’ve all heard about Target, Anthem, Sony Pictures, Home Depot, Michael’s Stores, T-Mobile, and other breaches and data…

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Ricoh Reports Q4 Revenue, Op Income Decrease, FY15 Revenue Growth

Ricoh Company, Ltd. reported its 4Q15 and Fiscal Year 2015 results on Thursday, April 28, 2016 (please see Figures 1, 2, and 3 below). Q4 Sales of ¥565.2 billion (B), declined 2.5 percent (YTY)* Q4 Operating Profit of ¥16.8B, declined 43 percent (YTY) 2015 Fiscal Year Sales of ¥2,209.0 billion, increased 7 percent 2015 Operating…

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Canon Operating Profit Drops 39 Percent

Blames Weak Printer and Camera Sales Canon, Inc. announced its first quarter 2016 results on April 26, 2016 (see Figure 1, Figure 2 and Figure 3 below). Canon total Q1 sales of  ¥2 billion ($7.05 B), down 7 percent year-to-year (YTY) Office Business Unit Q1 Sales of ¥3B ($4.02B), down 14 percent Gross Profit ratio…

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Job Creation Minimal but Future Looks Brighter

The printing and imaging space has had its share of job cuts this year. Xerox has reported 1,205 positions being cut so far, HP plans on accelerating its 3,000 job cuts by the end of this year, and Kodak plans to cut 250 jobs in Harrow, UK. So, it was with much acclaim that Xerox…

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Y Soft: A Company Worth Watching

In late March, Y Soft launched a new iteration of its popular print management solution, the YSoft SafeQ platform. In this latest launch, the new platform has broadened its focus in order to facilitate management of beyond print alone, stepping into capture and 3D print management (the first solution we know of that can manage…

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Lexmark Partners’ Perception About ReadSoft

Earlier this year, Lexmark (owner of ReadSoft) announced the release of ReadSoft Online R8. R8 is a cloud-based invoice processing solution focused on small and medium businesses. Photizo Group was interested in how channel partners were fairing under new management.

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Photizo Group Unboxes the HP PageWide Pro 577dw MFP

Photizo Group will be publishing a deep dive report in the near future on the new HP PageWide Pro 577dw MFP. HP announced a massive 2016 Spring Launch that included 10 printing devices in its OfficeJet Pro and LaserJet series plus and additional 14 PageWide devices for a total of 24 printing devices. HP also…

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Why Does Foxconn Really Want Sharp?

Financially-challenged manufacturer, Sharp, and Foxconn Technology Group (FTG) have officially approved a landmark plan to purchase two-thirds of Sharp’s stocks for $3.5 billion (USD). After struggling for years, Sharp has finally agreed to accept the reduced offer for FTG. Most analysts seem myopically focused on Sharp’s relationship with Apple and their iPhones. I wonder if…

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Is the Imaging Industry at Risk of Being Uberized?

Many pundits have been throwing around a lot of fear, uncertainty, and doubt about how every company in every industry is at risk of falling prey to its own respective ‘Uber’. We’ve all heard the stories about how disruptive business models, like Uber’s and Airbnb’s, have upended extremely mature industries, such as taxi and hospitality. It…

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From Feeds-and-Speeds to Xerox-as-a-Platform

“We no longer measure our achievements in pages per minute or dots per inch,” said Jim Rise, Senior Vice President, Office and Solutions Business Group at Xerox. What was different about Xerox’s new product announcement surrounding the company’s new i-Series MFPs and ConnectKey platform?

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HP and a Customer Rant

HP has also been called out in an article for a “flaw” in its Instant Ink system. Customers have found that after they sign up for Instant Ink that HP will remotely disable their printer when their “credit card has expired”. The printer will refuse to print and display an error message saying, “Cannot print. Visit…

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Only 9 Percent of Customers Seeing Workflow Benefit

Only 9 percent of MPS customers we spoke with are seeing benefit in workflow improvement, despite the fact that an overwhelming majority have deployed MPS. Customers are speaking, but are vendors listening?

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Implications of the Xerox Split (Part 1 of 2)

On January 29, 2016 Xerox announced its intentions to cleave its operations in two—less than 6 short years after acquiring ACS. One business will be focused on business process outsourcing (BPO); the other business will be focused around its document technology (DT) business. Read part 1 of 2 in this series to explore what this means for Xerox and the broader print and imaging industry.

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Photizo Group and PrintFleet Optimize Automated Toner Delivery with IBM Analytics Technology

Photizo Group agreed to develop an automated Just-in-Time (JiT) toner delivery solution with PrintFleet, a leading provider of managed print software (MPS) and data-driven solutions for the imaging industry.

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Think You Are Doing Predictive Analytics? Guess Again – Continuing the Predictive Analytics Discussion for the Imaging Industry

Photizo Group continues its launch of predictive analytics applications for the imaging industry with a new webinar series, “Uncovering Predictive Analytics”. Predictive analytics delivers the opportunity to fully leverage data – gathered from office imaging devices, commercial printers and presses, and imaging monitoring software – to drive unparalleled efficiency and profitability. The new webinar series…

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Top Five Takeaways from Top 100 Summit

In Park City, Utah channel partners and industry experts gathered together not knowing quite what to expect at Print Audit’s inaugural Top 100 Summit. Billed as an event unlike any other in the industry, Print Audit’s key focus was to gather key leadership for candid dialogue on how to adapt and thrive in the changing landscape ahead. Read more about what my Top five learnings were from the event.

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Predictive Analytics Webinar

Ed Crowley introduces the concept of predictive analytics, identifies practical applications within the imaging industry, and discusses implementation best practices and usage strategies.

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Predictive Analytics: Why Proactive is Better Than Reactive

Predictive analytics is the practice of leveraging advanced data analytics to increase operational efficiency within your organization, and provide proactive solutions to customers. Moving beyond a reactive business model, organizations can drive stronger value and growth within the imaging industry.

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5 Reasons You Shouldn’t Have Missed Navigator 2015 – Print Audit

For those that aren’t aware Photizo completely changed the format for their annual executive gathering. The best way to describe the change is that it is a “distilled” version of Transform conferences. I say “distilled” because it was much smaller and far more potent. Think of it as a “boutique” event: Not for everybody, but for those lucky enough to be on the invite list, it was a gathering not to be missed.

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5 Key Lessons from Photizo’s Navigator Event

In a city known as “The Big Easy,” a little more than 70 executives gathered to discuss a topic that was anything but easy—disruption and innovation. Over the course of two days, industry insiders and outsiders poked at, prodded, and flat out instigated what came to be known as “lateral thinking”—approaching issues from different directions to achieve new perspectives on potential outcomes. Executives came from all walks of life, and actively engaged in the conversations—hungry and thirsty for more than the wonderful cuisine of New Orleans. At the end of it, we each walked away with actionable steps we want to put to work in our own businesses. I thought I’d share five key lessons I walked away with.

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