The Latest Breaking News from Xerox Holdings Corp

Xerox Holdings Corp  (NASDAQ:XRX) reported a first-quarter FY22 sales decline of 2.5% year-on-year to $1.67 billion, beating the consensus of $1.64 billion. Equipment sales declined 17.6%, while Post sale revenue improved 1.9%. Sales in the Americas declined 0.5% Y/Y, and EMEA fell 5.6%. Gross margin contracted 390 basis points Y/Y to 31.8%. The…

Xerox Holdings Corp (NASDAQ:XRX) reported a fourth-quarter FY21 sales decline of 7.9% year-on-year, to $1.78 billion, missing the consensus of $1.82 billion. Adjusted EPS of $0.34 beat the consensus of $0.33. Equipment sales declined 24.7% Y/Y, while Post sale revenue decreased 1.9% Y/Y. Sales in the Americas declined 9.3% Y/Y, and EMEA decreased…