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Dec 31, 2020
Xerox Q4 2020 Earnings Report
Xerox released Q4 2020 earnings report.
Key Takeaways
Xerox's Q4 2020 revenue was $1.930 billion, down 21.0 percent year-over-year, and GAAP EPS was $0.36, down $0.81 year-over-year. The company plans to create separate Software, Financing, and Innovation businesses and launch a corporate venture capital fund.
Delivered $450 million of gross savings in 2020 under Project Own It.
Returned 112 percent of free cash flow to shareholders in 2020.
Plans to stand up Software, Financing and Innovation organizations as separate and distinct businesses by 2022.
Will establish a $250 million corporate venture capital fund to invest in start-ups and early and mid-stage growth companies.
Revenue by Segment
Forward Guidance
The company expects continued progress on its strategic initiatives as projected in its 2021 financial guidance.
Positive Outlook
- Revenue of at least $7.2 billion in constant currency or approximately 2.5 percent growth
- Operating cash flow from continuing operations 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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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