Oct 24, 2023
Xerox Releases Third-Quarter Results
Revenue of $1.65 billion, down 5.7 percent, or 7.4 percent in constant currency.
GAAP net income of $49 million, or $0.28 per share, up $432 million or $2.76 per share, year-over-year, respectively.
Adjusted net income of $77 million, or $0.46 per share, up $44 million or $0.27 per share, year-over-year, respectively.
Adjusted operating margin of 4.1 percent, up 40 basis points year-over-year.
Operating cash flow of $124 million, up $132 million year-over-year.
Free cash flow of $112 million, up $130 million year-over-year.
Announces Reinvention, expected to deliver improvement in adjusted operating income of at least $300 million by 2026.
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