Xerox Releases Second-Quarter Results 2023
Resilient demand and balanced execution drive growth in revenue and profits
Norwalk, Conn. – WEBWIRE – Tuesday, July 25, 2023
Financial Summary
Q2 2023
- Revenue of $1.75 billion, up 0.4 percent, or 0.5 percent in constant currency.
- GAAP (loss) earnings per share (EPS) of $(0.41), down $0.36 year-over-year.
- Adjusted EPS of $0.44, up $0.31 year-over-year.
- Adjusted operating margin of 6.1 percent, up 410 basis points year-over-year.
- Operating cash flow of $95 million, up $180 million year-over-year.
- Free cash flow of $88 million, up $186 million year-over-year.
- Increasing guidance for adjusted operating margin to a range of 5.5% to 6.0%, and free cash flow to at least $600 million.
News Release
Second-Quarter Results
(PDF, 982 KB)
Related Earnings Documents
Xerox Q2 2023 Earnings Presentation
(PDF, 2 MB)
Xerox Q2 2023 Non-GAAP Measures
(PDF, 914 KB)
Xerox Q2 2023 Financial Model (PDF, 264 KB) or (Excel, 4 MB)
(PDF, 129 KB)
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