XRX - Xerox Non-GAAP EPS of $0.13 misses by $0.11 revenue of $1.75B beats by $40M
- Xerox press release ( NASDAQ: XRX ): Q2 Non-GAAP EPS of $0.13 misses by $0.11 .
- Revenue of $1.75B (-2.2% Y/Y) beats by $40M .
- FY2022 Outlook: Revenue of at least $7.1B in actual currency vs. consensus of $7.05B; Free cash flow of at least $400M; Return at least 50% of free cash flow to shareholders.
- CEO comment: “Our revenue grew in constant currency in the second quarter, driven by improving demand for our products and services and the realization of pricing growth. Inflation and supply chain challenges affected margins this quarter, but we expect sequential margin improvement throughout the remainder of the year as we realize further price increases, Project Own It savings, and benefits from a more favorable supply chain environment. Strong demand and line of sight to margin improvement give us confidence to reiterate full-year guidance.”
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Xerox Non-GAAP EPS of $0.13 misses by $0.11, revenue of $1.75B beats by $40M