-=Xerox (XRX) reported earnings on Tue 25 Apr 23 (b/o)

 

Xerox beats by $0.32, reports revs in-line, sees FY23 revenue growth of flat to down low-single-digits in constant currency

• Reports Q1 (Mar) earnings of $0.49 per share, $0.32 better than the S&P Capital IQ Consensus of $0.17; revenues rose 3.1% year/year to $1.72 bln vs the $1.72 bln S&P Capital IQ Consensus.
• Adjusted operating margin of 6.9 percent, up 710 basis points year-over-year.
• 2023 Outlook: Revenue growth flat to down low-single-digits in constant currency. Adjusted Operating Margin of 5.0% to 5.5%. Free cash flow of at least $500 million.