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Xerox Releases 3Q 2021 Results

Reports $1.76 billion of revenue, down 0.5% year-over-year or down 1.6% in constant currency.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox Holdings Corporation announced 2021 third-quarter results. The company reported $1.76 billion of revenue, down 0.5% year-over-year or down 1.6% in constant currency. Adjusted operating margin was 4.2%, down 320 basis points year-over-year, and operating cash flow was $100 million, down $6 million year-over-year. Free cash flow was $81 million, down $7 million year-over-year. “Our revenue this quarter was essentially flat year-over-year, despite a deterioration in global supply chain cond...

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