Lexmark: MPS, Perceptive Software Revenue to Surpass $1B in 2014

“In the first quarter our higher value solutions portfolio revenue, comprised of Managed Print Services and Perceptive Software, grew 18 percent, accounted for 28 percent of Lexmark’s total revenue, and is expected to exceed $1 billion this year,” said Paul Rooke, Lexmark chairman and chief executive officer. “We also had strong laser supplies revenue growth again this quarter, and delivered increased non-GAAP gross profit, operating income and pretax earnings.

“Lexmark is creating value for our shareholders by helping business customers solve their unstructured information challenges, advancing our solutions capabilities organically and through acquisitions, and by returning capital through an attractive dividend and ongoing share repurchases,” added Rooke.

Read more at http://www.stockhouse.com/news/press-releases/2014/04/22/lexmark-reports-first-quarter-results#siSVdZE65faIcW5i.99

“In the first quarter our higher value solutions portfolio revenue, comprised of Managed Print Services and Perceptive Software, grew 18 percent, accounted for 28 percent of Lexmark’s total revenue, and is expected to exceed $1 billion this year,” said Paul Rooke, Lexmark chairman and chief executive officer. “We also had strong laser supplies revenue growth again this quarter, and delivered increased non-GAAP gross profit, operating income and pretax earnings.

“Lexmark is creating value for our shareholders by helping business customers solve their unstructured information challenges, advancing our solutions capabilities organically and through acquisitions, and by returning capital through an attractive dividend and ongoing share repurchases,” added Rooke.

Read more at http://www.stockhouse.com/news/press-releases/2014/04/22/lexmark-reports-first-quarter-results#siSVdZE65faIcW5i.99
 

“In the first quarter our higher value solutions portfolio revenue, comprised of Managed Print Services and Perceptive Software, grew 18 percent, accounted for 28 percent of Lexmark’s total revenue, and is expected to exceed $1 billion this year,” said Paul Rooke, Lexmark chairman and chief executive officer. “We also had strong laser supplies revenue growth again this quarter, and delivered increased non-GAAP gross profit, operating income and pretax earnings.

“Lexmark is creating value for our shareholders by helping business customers solve their unstructured information challenges, advancing our solutions capabilities organically and through acquisitions, and by returning capital through an attractive dividend and ongoing share repurchases,” added Rooke.

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Lexmark (LXK) expects its Managed Print Services (MPS) and Perceptive Software revenue to exceed $1 billion this year. In its Q1 2014 earnings report, Lexmark said its combined MPS and Perceptive Software revenue hit $244 million, up 18 percent year over year.

Combined MPS and Perceptive Software revenue of $244 million
Read more at http://www.stockhouse.com/news/press-releases/2014/04/22/lexmark-reports-first-quarter-results#siSVdZE65faIcW5i.99

“In the first quarter, our higher value solutions portfolio revenue, comprised of Managed Print Services and Perceptive Software, grew 18 percent [and] accounted for 28 percent of Lexmark’s total revenue,” Lexmark CEO Paul Rooke said in a prepared statement.

Why is Lexmark expecting its MPS and Perceptive Software revenue to increase this year? Lexmark points out that its MPS leadership has been recognized by analysts from Forrester Research, Gartner, International Data Corporation (IDC) and Quocirca. In addition, Lexmark said it wants its MPS solutions to drive business productivity and performance by creating environments for business growth and customer satisfaction. 

“Lexmark is creating value for our shareholders by helping business customers solve their unstructured information challenges, advancing our solutions capabilities organically and through acquisitions, and by returning capital through an attractive dividend and ongoing share repurchases,” Rooke said, in a statement.

The global MPS market is expected to grow over the next few years. In Research and Markets‘ “Global Managed Print Services (MPS) Market Report,” released this month, researchers predicted this market would grow at a compound annual growth rate (CAGR) of 10.75 percent between 2012 and 2016, thanks in part to the interest in managed cloud services across the globe.

“Currently, the acceptance of the cloud-based MPS model is increasing at a tremendous pace and is expected to continue during the forecast period. There appears to be a decent market for managed cloud services for printing in small and medium enterprises (SMEs) in the near future. Given the advantages of cloud services, many end users prefer cloud-based solutions,” Research and Markets said in a prepared statement.