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Xerox Announces 2Q 2019 Results

Delivers $313 million of operating cash flow, up $78 million year-over-year, and $297 million of free cash flow, up $94 million year-over-year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox reported its second quarter 2019 financial results. The company reported $313 million of operating cash flow, up $78 million year-over-year, and $297 million of free cash flow, up $94 million year-over-year. GAAP earnings per share (EPS) were $0.77, up $0.35 year-over-year, and adjusted EPS was $0.99, up $0.19 year-over-year.   Adjusted operating margin was 12.7%, up 170 basis points year-over-year, with $2.3 billion of revenue in the quarter, a decrease of 8.8% in actual currency, or 7.2%...

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