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Delivers strong cash flow and operating margin expansion during 3Q 2018.
October 24, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Xerox announced its third-quarter 2018 financial results. Total revenue was $2,352 million, down 5.8% year-over-year or 4.7% in constant currency, while the adjusted operating margin was 13.1%, up 1.0 point year-over-year. Xerox reported operating cash flow of $274 million in the third quarter and $725 million year-to-date. “We are progressing on our priorities, which include optimizing our operations for greater simplicity, re-energizing our innovation engine and focusing on cash flow to dr...
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