Despite Challenging Q3 Backdrop, Xerox's CEO Points to Strong Execution, Adjusts FY23 Outlook

Grand News Network | October 24, 2023

Xerox Holdings Corp (NASDAQ: XRX) reported a third-quarter FY23 sales decline of 5.7% year-on-year to $1.65 billion, missing the consensus of $1.71 billion. 

Revenues declined 7.4% at constant currency. Adjusted EPS of $0.46 beat the analyst consensus of $0.35

Equipment sales decreased by 1%, while post-sale revenue declined by 7%. 

Gross margin expanded 60 basis points Y/Y to 32.4%. The equipment margin increased by ...

Full story available on Benzinga.com

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