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Reports $1.77 billion of revenue, down 18.9% year-over-year and up $302 million from the second quarter.
October 27, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Xerox Holdings Corporation announced its third-quarter 2020 financial results. Xerox reported $1.77 billion of revenue, down 18.9% year-over-year or 19.7% in constant currency and up $302 million from the second quarter. It had an adjusted operating margin of 7.4%, down 460 basis points year-over-year and up 320 basis points from the second quarter. Xerox reported $106 million of operating cash flow from continuing operations, down $242 million year-over-year and up $72 million from the second...
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