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Xerox Releases First-Quarter Results

Xerox Holdings Corporation (XRX) 
Last xerox holdings corporation earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: news.xerox.com/investors
Company Research Source: Business Wire
Implemented comprehensive changes to operating model; on track to meet Reinvention targets despite a challenging first quarterFinancial SummaryQ1 2024Revenue of $1.50 billion, down 12.4 percent, or 13.2 percent in constant currency.GAAP net loss of $(113) million, or $(0.94) per share, a decrease of $184 million or $1.37 per share, year-over-year, respectively. This quarter includes after-tax Project Reinvention related charges of $100 million, or $0.80 per share.Adjusted net income of $11 million, or $0.06 per share, declined by $71 million or $0.43 per share, year-over-year, respectively.Adjusted operating margin of 2.2 percent, 470 basis points lower year-over-year.Operating cash flow of $(79) million, lower by $157 million year-over-year.Free cash flow of $(89) million, lower by $159 million year-over-year. NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) today announced its 2024 first-quarter results.“This quarter, Xerox orchestrated one of its most in Show less Read more
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