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Xerox Releases 3Q 2019 Results, Raises 2019 Guidance

Xerox reported $339 million of free cash flow, up $88 million year-over-year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox Holdings Corporation announced its third quarter 2019 financial results and said it would raise 2019 guidance for EPS and cash flow. Xerox reported $2.2 billion of revenue in the quarter, a decrease of 6.5% in actual currency, or 5.3% in constant currency, year-over-year. The company recorded $356 million of operating cash flow, up $82 million year-over-year, and $339 million of free cash flow, up $88 million year-over-year GAAP earnings per share (EPS) were $0.96, up $0.62 year-over...

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