Xerox Corp. (XRX) Tops Q3 EPS by 24c, Revenues Beat

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Go back to Xerox Corp. (XRX) Tops Q3 EPS by 24c, Revenues Beat

Xerox Releases Third-Quarter Results

October 27, 2020 6:30 AM EDT

Financial Results

$106 million of operating cash flow from continuing operations, down $242 million year-over-year and up $72 million from the second quarter $88 million of free cash flow, down $243 million year-over-year and up $73 million from the second quarter Adjusted operating margin of 7.4 percent, down 460 basis points year-over-year and up 320 basis points from the second quarter $1.77 billion of revenue, down 18.9 percent year-over-year or 19.7 percent in constant currency and up $302 million from the second quarter GAAP earnings per share (EPS) from continuing operations of $0.41 per share, down $0.27 year-over-year and up $0.30 from the second quarter, and... More