Xerox Corp. (XRX) Tops Q4 EPS by 1c

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Go back to Xerox Corp. (XRX) Tops Q4 EPS by 1c

Xerox Releases Fourth-Quarter and Full-Year Results

January 25, 2022 6:30 AM EST

Exceeds free cash flow guidance while investing for growth; announces 2022 guidance

Financial Summary 

$1.78 billion of revenue in Q4, down 7.9 percent year-over-year, or down 7.4 percent in constant currency; $7.04 billion of FY revenue, up 0.2 percent year-over-year, or down 1.4 percent in constant currency. Q4 and FY GAAP (loss)/earnings per share (EPS) of $(3.97) and $(2.56), down $4.33 and $3.40 year-over-year, respectively. Both Q4 and FY GAAP EPS include an after-tax non-cash goodwill impairment charge of $750 million or $4.38 and $4.08 per share, respectively.   Q4 and FY adjusted EPS of $0.34 and $1.51, down $0.24 and up $0.10 year-over-year, respectively. Q4 adjusted operating... More