Xerox Releases Third-Quarter Results

NORWALK, Conn., Oct. 26, 2021 — Xerox Holdings Corporation (NASDAQ: XRX) today announced 2021 third-quarter results.

“Our revenue this quarter was essentially flat year-over-year, despite a deterioration in global supply chain conditions and the Delta variant, which caused delays in many of our clients’ plans to return employees to the workplace,” said Xerox Vice Chairman and CEO John Visentin. “As a result of these ongoing challenges, we are revising our revenue guidance lower, but we are maintaining our free cash flow guidance of at least $500 million. Our focus on generating cash allows us to preserve, and in some cases increase, investments in innovation, while continuing to return more than 50% of free cash to shareholders and pursue M&A.”

Xerox Q3 2021 earnings

+ posts

Stay on top of the latest industry news. Have news to share? We want to help you spread the word. Submit your media releases to news@theimagingchannel.com

News

Stay on top of the latest industry news. Have news to share? We want to help you spread the word. Submit your media releases to news@theimagingchannel.com