Xerox reports on last quarter’s earnings
Total revenue down 0.4% year over year to $1.75 billion
- Operating margin down to 3.7%
- Net loss of $383 million
- Research and development now 4.2% of revenue
- Hardware and accessory revenue of $390 million
- A4 sales up 0.8% to $74 million
- A3 sales up 7.2% to $246 million
- PPS sales down 4.4% to $65 million
- A4 color MFP installs up 28%
- A3 b/w MFP installs down 28%
- A3 color MFP installs up 10%
- A3 b/w MFP installs down 21%
- PPS color installs up 1%
- PPS b/w installs down 10%
- $429 million total on backorder
- Post sale revenue of $1.361 billion
- Total debt of $3.9 billion
- Company’s market capitalization is now $2.1 billion, but was $7.8 billion in 2019
- Some analysts believe that Xerox is positioning itself for a sale of entire company, or pieces of its business