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This is the expense the company spent on research and development. Xerox Corp's research and development for the three months ended in Dec. 2016 was $88 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2016 was $476 Mil.
This is the expense the company spent on research and development.
Xerox Corp Research & Development for the trailing twelve months (TTM) ended in Dec. 2016 was 134 (Mar. 2016 ) + 128 (Jun. 2016 ) + 126 (Sep. 2016 ) + 88 (Dec. 2016 ) = $476 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 Corp Annual Data
|Research & Development||912||884||840||781||719||655||603||531||511||476|
Xerox Corp Quarterly Data
|Research & Development||139||104||141||142||135||93||134||128||126||88|