Xerox Corp. (XRX) Misses Q4 EPS by 3c, Offers FY21 Guidance
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Xerox Releases Fourth-Quarter and Full-Year Results
January 26, 2021 6:30 AM ESTPlans to create separate Software, Financing and Innovation businesses, launch corporate venture capital fund
Financial Summary
$235 million of operating cash flow from continuing operations in Q4, up $129 million from Q3 and down $163 million year-over-year (YOY); $548 million of full-year (FY) operating cash flow from continuing operations, down $696 million YOY. $221 million of free cash flow in Q4, up $133 million from Q3 and down $160 million YOY; $474 million of FY free cash flow, down $705 million YOY. Q4 adjusted operating margin of 9.5 percent, up 210 basis points from Q3 and down 730 basis points YOY; FY adjusted operating... More