good morning and thanks for coming . today i'd like to tell you about the world's largest document management company . with a turnover of nearly sixteen billion dollar the Xerox corporation develop and markets innovative technologies with products and solution that customer depend upon to get the best results for their business. in my brief presentation we will begin by looking at some of the key figures behind the company's success and how the company is structured .Then i will give an overview of xerox around the world and finally i'd like to talk about some of the trend affecting our market and its future growth . if you have any question, i will be happy to answer them at the end . so,here you can see ,the turnover for last year was nearly sixteen billion dollar,with a final income of 978 million dollars. we operated from our headquarters in Rochester new york state in 160 countries with 55000 employees,with over half of those in the USA . this four division. first of all ,there's Xerox global service...
and finally there's Xerox innovation with five centres in the united states,canada and Europe . note that six percent of revenue was dedicated to research and development last year as the key past of our mission statement is , and i quote,'to help people find better ways to do great work.' OK,let's move on to look at this chat , which shows revenue by region . so about half our revenue is from the US market . then Europe with over five billion dollars and the rest of the world with over two . one thing i'd like to point our it ...
Finally , how is the market for the document industry looking? Well, it'd be unrecognisable to the people who found the original company in 1906 and even compared to the second half of the twentieth century . More and more offices are moving form black and white printing to colour and from paper document to electornic document . there are clearly the future opportunities and areas of growth in what is a total market worth an estimated 112 billion dollars....
so that brings me to the end my presentation . thanks for listening . i hope it's been of interest . are there any question?