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Improved revenue trajectory driven by resilience in demand amid a challenging macro environment.
October 25, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Xerox Holdings Corporation announced its 2022 third-quarter results. Financial Summary • $1.75 billion of revenue, down 0.4% year-over-year or up 4.7% in constant currency. • GAAP (loss) earnings per share (EPS) of $(2.48), down $2.96 year-over-year. GAAP EPS includes an after-tax non-cash goodwill impairment charge of $395 million or $2.54 per share. • Adjusted EPS of $0.19, down $0.29 year-over-year. • Adjusted operating margin of 3.7%, down 50 basis points year-over-year. • Operating...
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