Fuji Xerox sister company the US-based Xerox Corp has launched a full-company review after sales tumbled 10 per cent and it made a US$34m loss for the third quarter.

The digital manufacturer is believed to be considering all options besides selling the whole company, with major structural change or offloading entire divisions on the table.

Xerox turned a US$266m profit a year ago into a $34m loss, but this and more was entirely due to it taking a US$385m hit from an abandoned US government healthcare program.

[Related: More financial reports]

Chief executive Ursula Burns says Xerox is ‘not satisfied’ with its nine-month performance and is considering ‘a range of opportunities’ to maximise shareholder value.

“Although we already have taken steps to accelerate cost reductions and prioritise investments to drive improved productivity and higher margins, our board determined that undertaking a comprehensive review of structural options for the company’s portfolio is the right decision at this time,” she says.

Fuji Xerox – its joint venture with Fujifilm – is Australia’s biggest digital printer supplier, and will be taking one of the biggest stands at the upcoming drupa expo next year.  It has market leading positions in digital cutsheet printers, and also manufactures both toner and inkjet webfed high volume digital printers.

Burns categorically ruled out selling the whole company, saying: “We are not currently considering the sale of the company, but all other options will be looked at as we progress through this review.”

There has already been one major change with chief financial officer Kathryn Mikells leaving to join drinks giant Diageo.

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