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Xerox Releases 2Q 2021 Results

Company reports higher revenue, EPS and free cash flow while increasing investments in targeted growth areas.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox Holdings Corporation announced 2021 second-quarter results. The company reported $1.79 billion of revenue, up 22.4% year-over-year or 18.1% in constant currency. GAAP earnings per share (EPS) was $0.46, up $0.35 year-over-year, and adjusted EPS of $0.47, up $0.32 year-over-year. Adjusted operating margin was 7%, up 280 basis points year-over-year. In addition, $214 million of operating cash flow was up $180 million year-over-year, while $198 million of free cash flow was up $183 million ...

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