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Xerox Delivers EPS Growth, Margin Expansion in1Q 2019

Xerox had $211 million of free cash flow, up $13 million year-over-year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox reported its first quarter 2019 financial highlights. GAAP earnings per share (EPS) were $0.55, up $0.47 year-over-year, and adjusted EPS of $0.91, up $0.23 year-over-year. Xerox had $226 million of operating cash flow, up $10 million year-over-year, and $211 million of free cash flow, up $13 million year-over-year.   Adjusted operating margin of 11.3% was up 140 basis points year-over-year, while Xerox had $2.2 billion of revenue in the quarter, a decrease of 9.4% year-over-year or 7%% in...

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