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Announces Reinvention to drive sustainable profit improvement and revenue growth.
October 24, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Xerox Holdings Corporation announced its 2023 third-quarter results. Revenue was $1.65 billion, down 5.7%, or 7.4% in constant currency. GAAP net income was $49 million, or $0.28 per share, up $432 million or $2.76 per share, year-over-year, respectively. Adjusted net income was $77 million, or $0.46 per share, up $44 million or $0.27 per share, year-over-year, respectively. Adjusted operating margin was 4.1%, up 40 basis points year-over-year. Operating cash flow was $124 million, up $132...
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