LEXINGTON, Ky., Sept. 5, 2012 /PRNewswire/ --
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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.
The company also announced an additional $100 million in share repurchases to be executed during the remainder of 2012.
Customer News and Recognition
Lexmark, Perceptive Software and Brainware each announced important contract wins in the quarter for printing technology and software. In addition, Lexmark earned third-party recognition for its innovative color workgroup devices after rigorous testing, as well as Scan to Sharepoint, a convenient solution for scanning hard copy documents into digital format.
Products, Software, Solutions and Services
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.
Lexmark International, Inc. (NYSE: LXK) provides businesses of all sizes with a broad range of printing and imaging products, software, solutions and services that help customers to print less and save more. Perceptive Software, a Lexmark company, is a leading provider of process and content management software that helps organizations fuel greater operational efficiency. In 2011, Lexmark sold products in more than 170 countries and reported more than $4 billion in revenue.
To learn more about Lexmark, please visit www.lexmark.com. For more information on Perceptive Software, please visit www.perceptivesoftware.com.
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SOURCE Lexmark International, Inc.