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Xerox Reports 1Q 2017 Earnings

Operating cash flow of $190 million from continuing operations, up $103 million from 2016.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Xerox announced its first-quarter 2017 financial results. Revenues were $2.45 billion in the quarter, down 6.2% or 4.3% in constant currency. Post sale revenue was 80% of total revenue. First-quarter adjusted operating margin, excluding the impact of the Fuji Xerox charge, was 11.4%, up 0.9% from the same quarter a year ago.    “I am pleased with our operational results in the first quarter,” said Jeff Jacobson, Xerox CEO. “Revenue and cash flow were in-line with our expectations and, despite ...

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