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Company sees improving page volumes and record backlog; profits impacted by rising costs.
April 27, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Xerox Holdings Corporation announced its 2022 first-quarter results. Revenue in 1Q 2022 was $1,668 million, down 2.5% from 1Q 2021. Gross margin was 31.8%, compared to 35.7% in 1Q 2021. “Revenue was in line with expectations this quarter despite an increasingly volatile operating environment,” said John Visentin, Xerox vice chairman and CEO. “Underlying demand for our products and services remains strong, as indicated by our growing backlog and growth in post- sale revenue. Broad-based infla...
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