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Sep 30, 2021
Xerox Q3 2021 Earnings Report
Xerox's third-quarter results were released with a slight revenue decrease and reaffirmed free cash flow guidance.
Key Takeaways
Xerox's Q3 2021 revenue was $1.76 billion, a decrease of 0.5% year-over-year, or 1.6% in constant currency. GAAP EPS was $0.48, up $0.07 year-over-year. The company reaffirmed its free cash flow guidance of at least $500 million for FY21 and reduced its revenue guidance to approximately $7.1 billion.
Revenue was $1.76 billion, down 0.5% year-over-year (down 1.6% in constant currency).
GAAP EPS was $0.48, up $0.07 year-over-year.
Adjusted operating margin was 4.2%, down 320 basis points year-over-year.
Free cash flow was $81 million, down $7 million year-over-year.
Xerox
Xerox
Forward Guidance
Xerox reduced FY21 revenue guidance to approximately $7.1 billion in actual currency ($7.0 billion in constant currency) and reaffirmed free cash flow guidance of at least $500 million.