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Q4 revenue and margins improve YoY; company guides to improved profitability in 2023.
January 26, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Xerox Holdings Corporation announced its 2022 fourth-quarter and full-year results and guidance for 2023. Xerox reported that its fourth quarter revenue was $1.94 billion, up 9.2% year-over-year or up 13.9% in constant currency. GAAP earnings per share (EPS) were $0.74, up $4.71 year-over-year. Prior year Q4 GAAP EPS includes an after-tax non-cash goodwill impairment charge of $4.38 per share. Adjusted operating margin was 9.2%, up 440 basis points year-over-year. Fourth quarter operating ...
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