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Xerox Posts 3Q Loss, Slashes '24 Revenue View on Weak Copier Demand -

Art Post · 10/29/249:18 PM

Quarterly Loss : Xerox reported a net loss of $83 million in Q3 2024, influenced by weaker-than-expected copier and printer sales as businesses continue shifting to digital solutions. Revenue Decline and Forecast Adjustment : Revenue decreased by around 5% year-over-year, prompting Xerox to lower its revenue expectations for 2024, projecting further declines in hardware demand through the remainder of the year. Cost Management Efforts : In response to falling sales, Xerox is increasing...

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Xerox Posts 3Q Loss, Slashes '24 Revenue View on Weak Copier Demand -

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