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Xerox Releases 2Q 2022 Results

Improving revenue trajectory and cost actions expected to drive profitability growth in second half.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox Holdings Corporation announced its 2022 second-quarter results. Xerox reported $1.75 billion of revenue, down 2.6% year-over-year or up 1.1% in constant currency. Adjusted operating margin was 2%, down 500 basis points year-over-year. Free cash flow use was $98 million, lower by $296 million year-over-year. “While we mourn the passing of our leader and friend, John Visentin, we continue to be guided by – and benefit from – the four strategic initiatives he articulated for returning X...

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