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Xerox Non-GAAP EPS of -$0.12 misses by $0.25, revenue of $1.67B beats by $40M

Apr. 21, 2022 6:32 AM ETXerox Holdings Corporation (XRX) StockBy: Niloofer Shaikh, SA News Editor1 Comment
  • 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.

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