Business process and document management company Xerox Corp. (XRX) recently updated hardware in its DocuMate 4830 scanner to deliver an improved performance and reliability for various corporate houses and businesses. The Xerox DocuMate 4830 is priced at $2,495 and is available through major retailers and online channel partners.
Xerox DocuMate 4830 scanner makes work distribution in the office environment a lot easier and increases black & white scanning speed by 67% from 30 to 50 pages per minute. The scanner offers A3-sized flatbed and a 75-page automatic document feeder through which long documents can be scanned easily. Also, fast document scanners further reduce the complexities of scan jobs and workflows.
The scanner is in demand in diverse segments like healthcare, transportation and industrial manufacturing markets, law offices, courts and government organizations. The functionality, speed and low cost along with attractive features that facilitate easy scan of large and different size documents make it a preferred choice for these businesses. These scanners are likely to augment overall revenues in the long run.
Headquartered in Norwalk, CT, Xerox is a leader in the development, manufacture, marketing, servicing and financing of document equipment across the world. The company has three operating segments - Technology, Services and Others. Xerox serves clients in 180 countries, providing business services, printing equipment and software for commercial and government organizations.
Xerox currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look now include Pitney Bowes Inc (PBI), Canon Inc (CAJ) and Ricoh Company, Ltd (RICOY), each having a Zacks Rank #2 (Buy).