In spite of suffering a first-quarter loss owing to acquirement and reshuffle costs, Xerox Corp. reported a 33% increase in sales on Friday. It seems that it is all due to the acquisition of Affiliated Computer Services Inc.

Xerox Corp. Chief Executive Officer Ursula Burns revealed that her company will be proceeding with acquisitions, but not as large as the $5.6 billion acquisition of business process outsourcing firm Affiliated Computer Services Inc. that closed on Friday.

Xerox Corp reported quarterly results that surpassed expectations, revealing that its last year cost-cutting efforts backed to yield robust fourth-quarter profits.

In addition, it also augured a profit for this year above Wall Street estimates.

As has been confirmed by both the parties involved, Xerox Corp. and Affiliated Computer Services Inc. shareholders are all set to vote on the former's agreement for an acquisition of the latter, in a major $6.4 Million deal.

The voting is scheduled to happen on February 05.

A deal can be finalized by Darwin Deason, the hard-charging son of an Arkansas' chicken farmer and founder of Affiliated Computer Services, with Xerox Corp. Under the deal, the latter will takeover the former, paying it a huge sum of money. Deason had found Affiliated Computer Services in 1988.