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Total revenue from continuing operations of $2.7 billion, cash flow of $462 million.
February 1, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Xerox announced its fourth-quarter 2016 financial results from continuing operations. Revenues were $2.7 billion in the quarter, down 7.2% or 5.0% in constant currency. Fourth-quarter adjusted operating margin of 14.0% was up 0.7 percentage points from the same quarter a year ago. Gross margin was 40.0%, and selling, administrative and general expenses were 23.4% of revenue. Xerox generated $462 million in cash flow from continuing operations during the fourth quarter and ended 2016 with...
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