Welcome to our dedicated page for Xerox Holdings news (Ticker: XRX), a resource for investors and traders seeking the latest updates and insights on Xerox Holdings stock.
Xerox Holdings Corporation reports on a workplace technology business built around print, digital, software-enabled services, integrated IT infrastructure and hybrid-workplace solutions for enterprises, governments, graphic communications providers and channel partners. News about XRX commonly covers quarterly results, margin trends, revenue trajectory, cash flow, debt reduction and guidance.
Recurring developments also include the integration of Lexmark, board and executive leadership changes, dividends on common stock and Series A convertible perpetual preferred stock, warrant distributions tied to the capital structure, and financing or licensing actions involving Xerox intellectual property assets.
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Xerox Holdings Corporation (NASDAQ: XRX) reported Q1 2023 financial results, with revenue of $1.72 billion, reflecting a 2.8% year-over-year increase. Adjusted earnings per share (EPS) rose to $0.49, up $0.61 year-over-year, while GAAP EPS reached $0.43, a significant increase from a loss of $(0.38) in Q1 2022. The company achieved an adjusted operating margin of 6.9%, rising 710 basis points year-over-year. Operating cash flow improved to $78 million, an increase of $12 million from the previous year, and free cash flow was at $70 million, up $20 million. Xerox also repaid $450 million of debt during the quarter. For 2023, guidance suggests revenue growth may be flat to down low-single-digits in constant currency.