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Xerox Releases 4Q, Full-Year Results

Achieved adjusted operating margin and free cash flow guidance in 2023.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox Holdings Corporation announced its 2023 fourth-quarter and full-year results and guidance for 2024. In the fourth quarter of 2023, Xerox reported revenue of $1.77 billion, down 9.1% year-over-year or down 10.6% in constant currency. GAAP net loss was $58 million, or $0.50 per share, down $179 million or $1.24 per share, year over-year, respectively. This quarter includes an after-tax Re-structuring and related costs, net charge of $78 million, or $0.62 per share, related to the recently...

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