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This is the expense the company spent on research and development. Xerox Corporation's research and development for the three months ended in Dec. 2013 was $153 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2013 was $601 Mil.
This is the expense the company spent on research and development.
Xerox Corporation Research & Development for the trailing twelve months (TTM) ended in Dec. 2013 was 154 (Mar. 2013 ) + 149 (Jun. 2013 ) + 145 (Sep. 2013 ) + 153 (Dec. 2013 ) = $601 Mil.
If competitive advantage is created by a patent or tech advantage, at some point it will disappear.
High R&D usually dictates high SG&A which threatens the competitive advantage.
Xerox Corporation Annual Data
|Research & Development||914||943||922||912||884||840||781||721||655||601|
Xerox Corporation Quarterly Data
|Research & Development||183||179||173||161||161||160||154||149||145||153|