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)

(PDF, 914 KB)

Xerox Q2 2023 Financial Model (PDF, 264 KB) or (Excel, 4 MB)

(PDF, 129 KB)

Webcast and Multimedia

Webcast Replay: Conference Call