Lexmark performed well in 2011 in the midst of a challenging economic environment around the world. The company continued solid execution of its strategic initiatives throughout the year, focusing intently on bringing greater productivity to business customers through innovative technology and a rapidly growing software and managed print services (MPS) business. Lexmark was recently positioned a leader in MPS by leading IT market research and advisory firm IDC.
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Lexmark’s Imaging Solutions and Services (ISS) and Perceptive Software businesses both continue to expand their customer reach.
ISS extended the retail footprint of its inkjet all-in-ones (AIOs) with the addition of several products in Best Buy.
Perceptive Software also announced two significant wins in the quarter for customers that will deploy Perceptive's solution to streamline their accounts payable processes.
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In one of the most significant product launches in the company’s history, Lexmark International, Inc. (NYSE: LXK) today announced a wide breadth of new laser printers and multifunction products (MFPs) built on an enhanced technology platform that delivers productivity-enhancing solutions.
Lexmark’s smart MFPs include an intuitive touch screen that provides access to many powerful applications that reduce the complexities of manual processes and improve productivity. This seamless integration of Lexmark’s smart MFPs with the Perceptive Software portfolio helps improve infrastructure efficiency and team performance to propel growth.
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As evidenced by Lexmark’s recent laser product announcement, the company is extending its leadership in smart MFPs with several next-generation devices, that when combined with the Perceptive Software portfolio, increase productivity by enabling users to submit and access their data at the right time and in the right format. With a wide breadth of laser product offerings, Lexmark can provide the best product to address a customer’s unique requirements.
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Lexmark’s third quarter financial results were highlighted by solid free cash flow generation and ongoing growth in Perceptive Software and managed print services (MPS). Lexmark offers an attractive dividend yield as it continues solid execution of the company’s capital allocation framework.
Lexmark continues to leverage its investment in the Perceptive Software portfolio in combination with smart multifunction products (MFPs) to reduce the complexities of manual processes and heighten performance for its customers. The quarter was highlighted by an array of new product and solution introductions from both Lexmark and Perceptive Software, including the first industry recognition for Lexmark’s new color laser printers and MFPs.
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On the heels of Lexmark’s 20-year anniversary, the company is continuing to evolve its hardware, solutions and services offerings to address expanding market opportunities to manage unstructured content for its customers.
Lexmark has made significant investments in its hardware capability with workflow-capable multifunction products (MFPs), as well as its solutions with Perceptive Software’s enterprise content management (ECM) software. Additionally, Lexmark is bringing greater control and visibility to customers’ printer fleets through a sophisticated Managed Print Services (MPS) offering, which is seeing rapid growth and currently outpacing the market.
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Lexmark recently announced restructuring actions necessary to drive improved profitability and significant savings. Strategically, the company is focusing its investments on higher-value imaging and software solutions and believes the synergies between imaging and the emerging software elements of its business will continue to drive growth across the organization as Lexmark delivers greater value for its customers.
Lexmark has long worked to combat counterfeit sales of supplies, actively checking domestic and global markets for products that don’t meet the criteria for genuine Lexmark products. Through an innovative new mobile app, Lexmark is safeguarding its brand by protecting end users and channel partners from sub-standard cartridges.
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Lexmark and Perceptive Software secured a number of notable customer wins, two of which are highlighted by Managed Print Services (MPS) agreements, a rapidly growing enterprise services segment for Lexmark. Lexmark continues to drive results for its MPS customers in the form of infrastructure optimization, workflow solutions and proactive management of printer fleets and supplies, ultimately reducing costs.
Perceptive Software’s customer wins included two deployments of its award-winning ImageNow Enterprise Content Management (ECM) solution to automate business processes and drive efficiency in the education and utility sectors.
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2010 was a very good year for Lexmark, highlighted by revenue, earnings and cash generation growth, record laser performance, product line expansions, managed print services growth and the acquisition of Perceptive Software, which has strengthened Lexmark’s expanding software business. Ninety percent of the top global retailers¹, 70 percent of the top global banks1, and 36 percent of the Fortune 50 are Lexmark customers.
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Lexmark introduced the Lexmark Accessibility Speech Solution, which expands Lexmark’s usability enhancements for visually impaired users. The solution helps visually impaired users better understand the status of their printer and how to remedy any issues.
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