Xerox Corp. (XRX) Reports In-Line Q2 EPS

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Go back to Xerox Corp. (XRX) Reports In-Line Q2 EPS

Xerox Releases Second-Quarter Results

July 26, 2022 6:30 AM EDT

Improving revenue trajectory and cost actions expected to drive profitability growth in second half

Financial Summary

$1.75 billion of revenue, down 2.6 percent year-over-year or up 1.1 percent in constant currency. GAAP (loss) earnings per share (EPS) of $(0.05), down $0.51 year-over-year, and adjusted EPS of $0.13, down $0.34 year-over-year. Adjusted operating margin of 2.0 percent, down 500 basis points year-over-year. Operating cash flow use of $85 million, lower by $299 million year-over-year. Free cash flow use of $98 million, lower by $296 million year-over-year.

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