Xerox 2007 Annual Report Download - page 45
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Xerox Annual Report 2007 43
Research and development
Investment in R&D is critical for competitiveness in Xerox’s fast-paced markets where
more than two-thirds of our equipment sales are from products launched during the
past two years.
Xerox’s R&D drives innovation and customer value by:
• Creating new differentiated products and services.
• Enabling cost competitiveness through disruptive products and services.
• Enabling new ways to serve customers.
• Creating new business opportunities to drive future growth by reaching new customers.
R,D&E expenses
(in millions)
■ R&D
■ Sustaining engineering
$764
$148
$912
$761
$161
$922
$755
$188
$943
’07 ’06 ’05