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Balanced execution drives growth in revenue and profitability.
April 26, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Xerox Holdings Corporation announced its 2023 first-quarter results. Revenue was $1.72 billion, up 2.8% year-over-year or up 5.5% in constant currency. GAAP earnings per share (EPS) were $0.43, up $0.81 year-over-year. Adjusted operating margin was 6.9%, up 710 basis points year-over-year. Operating cash flow was $78 million, up $12 million year-over-year, whil free cash flow was $70 million, up $20 million year-over-year. Xerox repaid $450 million of debt during the quarter. “Our team del...
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