he technology industry has experienced erratic developments over the past few years which have forced the companies to introduce new ideas, either associated with product innovation or with the transformation of the company's business model. The technology hardware industry has also experienced similar circumstances. Similarly, many global companies have experienced adverse circumstances in Europe which have limited their top line growth as they turn to expense cuts to produce profitability. In this scenario, Xerox Corp. (NYSE:XRX) has adapted a change in strategy as the revenue profile has shifted emphasis from products to services. This development occurred because Xerox was also unable to witness any strong prospects within US despite the relative stability of the economic conditions in the region. For the current fiscal year, flat revenues are expected but a considerable increase in EPS is likely to occur.