Xerox Corp. (XRX) Misses Q1 EPS by 8c, Revs Beat; Affirms Guidance

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Go back to Xerox Corp. (XRX) Misses Q1 EPS by 8c, Revs Beat; Affirms Guidance

Xerox Releases First-Quarter Results, Affirms Guidance

April 20, 2021 6:30 AM EDT

Increased demand drives equipment revenue and IT Services growth, company poised to capitalize on economic recovery

Financial Summary

$1.71 billion of revenue, down 8.1 percent year-over-year or 10.4 percent in constant currency. GAAP earnings per share (EPS) of $0.18, up $0.21 year-over-year, and adjusted EPS of $0.22, up $0.01 year-over-year. Adjusted operating margin of 5.2 percent, up 50 basis points year-over-year. $117 million of operating cash flow, down $56 million year-over-year. $100 million of free cash flow, down $50 million year-over-year.

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