The company, whose growth is driven by sales of services and supplies for printing machines, said its fourth quarter net income was $1 million, or nil cents a share, down from $382 million, or 41 cents a share, a year earlier.

Xerox late last year announced a restructuring plan, which included about 3,000 job cuts, aimed at saving $200 million in 2009. In the fourth quarter, restructuring charges were 27 cents a share.

Revenue fell to $4.37 billion from $4.88 billion a year earlier.

(Reporting by Franklin Paul; Editing by Derek Caney)