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(NYSE: XRX)
Q1 2019 Earnings Call
April 25, 2019 8:00 a.m. ET" data-reactid="23" type="text">Xerox (NYSE: XRX)
Q1 2019 Earnings Call
April 25, 2019 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the Xerox Corporation first-quarter 2019 earnings release conference call, hosted by John Visentin, vice chairman and chief executive officer. He is joined by Bill Osbourn, chief financial officer. During this call, Xerox executives will refer to slides that are available on the web at www.xerox.com/investor. At the request of Xerox Corporation, today's conference call is being recorded.
Other recording and/or rebroadcasting of this call are prohibited without the express permission of Xerox. After the presentation, there will be a question-and-answer session. [Operator instructions] During this call, Xerox executives will make comments that contain forward-looking statements, which, by their nature, address matters that are in the future and are uncertain. Actual future financial results may be materially different than those expressed herein.
At this time, I would like to turn the meeting over to Mr. Visentin. Mr. Visentin, you may begin.
John Visentin -- Vice Chairman and Chief Executive Officer
Good morning, and thank you for joining our Q1 2019 earnings call. Today, I'm going to give you a progress report on how we are executing on our strategy, starting with our financial highlights. Our transformation initiatives are yielding results which give us confidence to raise our full-year earnings guidance despite revenue declines. We are investing in our core business, as well as new technologies that create value for our stakeholders and position Xerox for the long-term growth.
Overall, we saw improvements in margin. Operating cash flow and earnings per share as compared to the prior-year period. Adjusted operating margin was 11.3%, up 140 basis points year over year. Margin expansion contributed to us delivering adjusted earnings per share of $0.91, up $0.23, or 34% year over year.