Page 12 - It Amp Eos News Today

Technology supplier Logitech has reduced its full fiscal year outlook after issuing preliminary third quarter results. For the company’s Q3 – the three months ended 31 December 2022 – revenue is expected to be between $1.26-$1.27 billion, down 17-18% in constant currency compared with the same quarter a year earlier. Adjusted operating profit is forecast

Xerox has reached an agreement with a subsidiary of a global investment firm to sell around $600 million of its lease receivables. Last year, Xerox spun out its financial services unit into a standalone company called Fittle as it looked to provide print equipment and other financing solutions to third parties. Now, it has announced

European aftermarket imaging supplies specialist KMP has diversified into interactive touch screens. The company has confirmed the acquisition – via its Copymix subsidiary in France – of the trademark rights for IJKOA products from Hong Kong-based Goede Kansen. KMP said it now exclusively holds the brand rights for IKJOA and handles distribution, marketing and technical

A former dealer group exec has taken on a senior role at online business equipment reseller Don Ruffles. Mark Allan, until recently Senior Business Development Manager at Nemo Office Club has joined the reseller as General Manager. Allan has more than three decades of experience in the office supplies industry. In addition to Nemo Office

The European Toner and Remanufacturers Association (ETIRA) has welcomed a decision by the Spanish government to allow customs officials to stop imports of non-complying electrical and electronic equipment (EEE). As a result of a royal decree, Spain’s custom inspection services (SOIVRE) will have the ability to control and inspect EEE goods – including toner cartridges

UK dealer group Integra Business Solutions has renewed its trading partnership with print and IT supplies distributor UFP. The parties have agreed a three-year arrangement as their current four-year agreement comes to an end. Integra said its members would continue to have access to an “unrivalled portfolio” that includes print supplies, data storage, office hardware,

Print OEM Lexmark has announced senior promotions in Europe and the US. Company veteran Melanie Hudson, General Manager of Lexmark EMEA, is returning to the US as Chief Commercial Officer. She succeeds Brock Saladin, who is retiring after 25 years with the firm. Taking on Hudson’s Geneva (Switzerland)-based role is Thomas Valjak. Valjak has been

The European Commission’s Joint Research Centre (JRC) has published its first draft document as part of the process to introduce environmental legislation for imaging equipment and consumables. As OPI readers may recall, earlier this year, the EU Commission rejected a Voluntary Agreement (VA) for the print sector, saying it did not go far enough in

HP Inc is to lay off up to 12% of its workforce as part of a new three-year cost-savings programme. With its previous three-year programme – introduced when Enrique Lores became CEO in 2019 – having come to an end this October, HP has announced the Future Ready Transformation Plan. Its goal is to generate

Xerox has appointed a COO following Steve Bandrowczak’s promotion to CEO earlier this year. Joining the tech firm in the role is John Bruno, who most recently spent seven years at insurance brokerage Aon, serving as COO and CEO of its Data & Analytics Services division. He has also held senior positions at NCR, UPS,