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Norwalk, Conn. - Building upon our Reinvention, Xerox continues to simplify our offerings to ensure we have the right mix of products and software that align with the evolving needs of...
Xerox (NYSE:XRX – Get Free Report) issued its quarterly earnings results on Tuesday. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.29), RTT News reports. Xerox had a net margin of 0.01% and a return on equity of 9.41%. The firm had […]
Xerox Holdings Corp (NASDAQ: XRX) reported a fiscal first-quarter 2024 sales decline of 12.4% year-on-year to $1.50 billion, missing the consensus of $1.53 billion. Revenues declined 13.2% at constant currency. Adjusted EPS of $0.06 missed the analyst consensus of $0.35. The stock price declined after the print. Equipment sales decreased by 25.8%, while post-sale revenue declined by 8.5%. Gross margin declined 480 basis points Y/Y to 29.5%. The equipment margin fell by 550 bps to 31.0%. The post
Print giant Xerox has reported its Q1 earnings, with the top line falling by more than 13% in constant currencies. Q1 2024 revenue at Xerox was $1.5 billion, $213 million lower than the same quarter last year. Equipment sales slid by more than 26% to $290 million as all device classes fell steeply, while post-sale
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