LEXINGTON, Ky., July 22, 2014 — Lexmark International, Inc. today announced financial results for the second quarter of 2014.
"In the second quarter, our higher value solutions portfolio revenue, comprised of Managed Print Services and Perceptive Software, grew 11 percent, accounted for nearly 30 percent of Lexmark's total revenue and is expected to exceed $1 billion this year," said Paul Rooke, Lexmark chairman and chief executive officer. "This growth is fueled by the disciplined execution of our capital allocation framework, which funds the company's transformation while concurrently rewarding our shareholders with both a 20 percent dividend increase and share repurchases, returning $41 million this past quarter.
"Our strong second-quarter results reflect the synergies we are creating with our unique imaging and software solutions, which help our customers solve their unstructured information challenges," added Rooke. "Considering our continued strong performance, we are increasing our full-year 2014 revenu and earnings per share guidance."
Read the full statement here.
Stay on top of the latest industry news. Have news to share? We want to help you spread the word. Submit your media releases to firstname.lastname@example.org