Industry News, Ink Manufacturers News, Printers News

Xerox Releases 2Q 2020 Financial Results

Reports $1.47 billion of revenue, a decrease of 35.3% year-over-year or 34.6% in constant currency.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox Holdings Corporation announced its second-quarter 2020 financial results.   The company reported $1.47 billion of revenue, a decrease of 35.3% year-over-year or 34.6% in constant currency, with an adjusted operating margin of 4.2%, down 820 basis points year-over-year.   Xerox had $34 million of operating cash flow from continuing operations, down $242 million year-over-year, and $15 million of free cash flow, down $245 million year-over-year. GAAP earnings per share (EPS) from con...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters