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Mar 31, 2021
Xerox Q1 2021 Earnings Report
Xerox's first-quarter results were released, showing increased demand driving equipment revenue and IT Services growth, positioning the company to capitalize on economic recovery.
Key Takeaways
Xerox's first-quarter results showed a revenue of $1.71 billion, a decrease of 8.1 percent year-over-year, but with growth in equipment sales and IT Services revenue. The company reported GAAP earnings per share of $0.18, up $0.21 year-over-year, and adjusted EPS of $0.22, up $0.01 year-over-year.
Equipment sales and IT Services revenue grew year-over-year.
Progress was made toward standing up XFS, Xerox Software and PARC Innovation as separate businesses, expected to be completed in calendar year 2021.
Differentiated offerings are well-positioned to serve the growing needs of small and medium-sized business and enterprise clients returning to the office.
The company's performance, portfolio and strategy give confidence that Xerox will return to growth in 2021.
Xerox
Xerox
Xerox Revenue by Segment
Revenue by Segment
Equipment Sales Revenue
CapyFin.comPost Sale Revenue
CapyFin.com Forward Guidance
Xerox provided guidance for the full year 2021.
Positive Outlook
- Operating Cash Flow of at least $600 million
- Free Cash Flow of at least $500 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income