Xerox Releases Fourth-Quarter and Full-Year Results

Art PostAdmin VIP

Q4 Revenue and Margins improve YoY; Company Guides to Improved Profitability in 2023

Financial Summary

Q4 2022

Revenue of $1.94 billion, up 9.2 percent year-over-year or up 13.9 percent in constant currency.
GAAP earnings per share (EPS) of $0.74, up $4.71 year-over-year. Prior year Q4 GAAP EPS includes an after-tax non-cash goodwill impairment charge of $4.38 per share.
Adjusted EPS of $0.89, up $0.55 year-over-year.
Adjusted operating margin of 9.2 percent, up 440 basis points year-over-year.
Operating cash flow of $186 million, down $12 million year-over-year.
Free cash flow of $168 million, down $14 million year-over-year. more here

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