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Earnings

April 22, 1987

Revenue and income in each of Stamford, Conn.-based Xerox Corp.'s two principal businesses--business products and systems and financial services--grew strongly in the first quarter, producing a 32% increase in earnings from continuing operations, compared to the corresponding period last year, the company reported. Results of Xerox business products and systems organization improved in the quarter due to "a pickup in worldwide demand for Xerox equipment, combined with aggressive efforts to control costs," a spokesman said.

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