Xerox Corporation posted slightly lower earnings in the first quarter compared to a year ago.
The company made $269 million, or 19 cents a share
But CEO Ursula Burns told investors earnings were in line with expectations, and reflect Xerox's investment in its growing services business.
Burns says its services business now accounts for over half of the company's revenue.
Total revenue was up 1% to $5.5 billion.
Burns says Xerox expects earnings to grow to 25 to 28 cents a share in the second quarter.
