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Xerox Releases 1Q 2021 Results

Increased demand drives equipment revenue and IT Services growth.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox Holdings Corporation announced 2021 first-quarter results, with equipment revenue and IT Services showing particularly good growth.   The company reported $1.71 billion of revenue, down 8.1% year-over-year. GAAP earnings per share (EPS) were $0.18, up $0.21 year-over-year, and adjusted EPS of $0.22, up $0.01 year-over-year.   Xerox had $117 million of operating cash flow, down $56 million year-over-year, and $100 million of free cash flow, down $50 million year-over-year.   “In...

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