Xerox Releases Third-Quarter Earnings Results

Financial Summary​

• Revenue of $1.87 billion, down 4.7 percent, or down 4.5 percent in constant currency¹.
• GAAP net (loss)² of $(1,015) million, or $(7.73) per share, down $255 million or $1.72 per share, year-over-year, respectively.

• Adjusted¹ net income of $7 million, or $0.02 per share, down $20 million or $0.18 per share, year-over-year, respectively.

• Adjusted¹ operating income of $124 million, up $59 million year-over-year.

• Adjusted¹ operating margin of 6.6 percent, up 330 basis points year-over-year.

• Operating cash flow of $30 million, down $86 million year-over year.
• Free cash flow¹ of $7 million, down $81 million year-over-year.