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Until the ACS deal closed, Xerox hadn’t reported revenue growth in more than a year and company executives warned repeatedly that they didn’t expect spending would bounce back quickly. The company has gone though several rounds of layoffs in the past two years.

Now, Xerox is hoping the ACS deal will help it grow again, in part by offering other businesses ways to cut costs.

“Clearly the economic environment is unsteady … and as a result everyone is very cautious,” said Firestone. “In this environment, where companies are trying to find the most cost-effective way to run their businesses, what we have to offer is part of the solution.”