Xerox Corp. (XRX) Reports In-Line Q2 EPS
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Xerox Releases Second-Quarter Results
July 26, 2022 6:30 AM EDTImproving 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
