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Reinvention drives increased profitability despite a challenging quarter for equipment sales.
October 30, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Xerox Holdings Corporation announced its 2024 third-quarter results. The revenue for Q3 2024 was $1.53 billion, down 7.5%, or 7.3% in constant currency. GAAP net (loss) was $(1.2) billion, or $(9.71) per share, a decrease of $1.3 billion or $9.99 per share, year-over-year, respectively. This quarter includes an after-tax non-cash goodwill impairment charge of $1.0 billion, or $8.16 per share and a charge to tax expense related to the establishment of a valuation allowance of $161 million, or ...
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