Xerox Reports 3rd Quarter Results

Now nine months into the corporate split between Xerox and Conduent, Xerox Corporation is reporting lower total revenues but also lower operating costs and higher cash flow than expected for the third quarter.

Xerox says total revenues were $2.5 billion for the company which spun off its business services division at the start of the year and refocused on information and document handling. That’s down by five percent. Post sale revenue was 79 percent of what it was before the companies split.

CEO Jeff Jacobson said in a statement that earnings were in line with what Xerox expected and revenue decline improved. He says they expect to carry that trend through the end of the year.

Earnings per share were 67 cents, up 1.5 percent

 

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