Xerox Corp. (XRX) Misses Q1 EPS by 1c

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Go back to Xerox Corp. (XRX) Misses Q1 EPS by 1c

Xerox Reports First-Quarter 2016 Earnings and Provides Update on Strategic Transformation and Separation

April 25, 2016 6:45 AM EDT

Delivers GAAP EPS of 3 cents and adjusted EPS of 22 cents, within guidance Services delivers revenue of $2.5 billion, up 1 percent or 2 percent at constant currency Document Technology revenue of $1.6 billion, declines 10 percent or 9 percent at constant currency Operating margin of 7.2 percent, seasonally lower Affirms full year 2016 revenue and adjusted earnings guidance Separation on track to complete by the end of 2016

NORWALK, Conn.--(BUSINESS WIRE)--... More