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XRX - Xerox Non-GAAP EPS of -$0.12 misses by $0.25 revenue of $1.67B beats by $40M
Xerox Holdings Corporation
Xerox press release (NASDAQ:XRX): Q1 Non-GAAP EPS of -$0.12 misses by $0.25. Revenue of $1.67B (-2.3% Y/Y) beats by $40M. The company expects FY2022 revenue of at least $7.1B in actual currency vs. consensus of $7.03B. The company also expects to generate at least $400M of free cash flow, inclusive of incremental cash investments in new businesses. To return at least 50% of free cash flow to shareholders.