Xerox Corp. (XRX) Updates on Expected Separation Costs
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Xerox Reports Second-Quarter 2016 Earnings
July 29, 2016 6:45 AM EDTDelivers Year-over-Year EPS Growth and Margin Expansion
GAAP EPS of 15 cents and adjusted EPS of 30 cents; Adjusted EPS up 30 percent and above guidance range of 24 to 26 cents Operating margin of 9.3 percent, up 0.8 percentage points year-over-year Total revenue of $4.4 billion, down 4 percent year-over-year Services margin of 9.6 percent, up 2.4 percentage points year-over-year Positive Document Technology revenue and margin trends Re-affirms full-year 2016 guidance Significant progress during quarter on separation and strategic transformation... More