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Implemented comprehensive changes to operating model; on track to meet Reinvention targets.
April 23, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Xerox Holdings Corporation announced its 2024 first-quarter results. Revenue was $1.5 billion, down 12.4%, or 13.2% in constant currency. GAAP net loss was $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 was $11 million, or $0.06 per share, declining by $71 million or $0.43 per share, year-over-year, r...
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