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Xerox Reports 1Q 2016 Earnings, Provides Update on Transformation

Separation on track to complete by the end of 2016.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox announced its first-quarter financial results and reaffirmed its full-year adjusted earnings guidance. The company reported it remains on track to complete its planned separation into two independent, publicly-traded companies by the end of the year and said it has made important progress on its three-year, $2.4 billion strategic transformation program. Xerox delivered adjusted earnings per share of 22 cents in the first quarter of 2016. “We delivered adjusted EPS in line with our gu...

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