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Xerox Releases First-Quarter 2020 Results

Reports $1.86 billion of revenue, a decrease of 14.7% year-over-year or 13.9% in constant currency.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox Holdings Corporation announced its first-quarter 2020 financial results. The company reported $173 million of operating cash flow from continuing operations, down $49 million year-over-year, and $150 million of free cash flow, down $57 million year-over-year. Adjusted operating margin was 4.7%, down 630 basis points year-over-year.  The company had $1.86 billion of revenue, a decrease of 14.7% year-over-year or 13.9% in constant currency, GAAP loss from continuing operations of $(0.03) pe...

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