Xerox has reported its first quarter earnings as a company separated from its former business services division. Now solely a document and information handling company, Xerox says adjusted earnings per share were 15 cents, cash flow of $190 million was up by $103 million from a year ago, and the company has just made the biggest product launch in its history.
CEO Jeff Jacobson says the company is on track to deliver the outcomes it promised for its first year.
Revenues were $2.45 billion in the quarter, down 6.2 percent after taking out costs of the separation between Xerox and Conduent, and a large investment in Fuji Xerox.