In Q2 2024, Xerox Holdings Corp reported a 10% revenue decline to $1.58bn, missing estimates, and a 15.2% drop in equipment sales.
Xerox Holdings Corp reported a 10% decline in Q2 2024 revenue to $1.58bn, missing estimates, and equipment sales decreased by 15.2%. CEO Steve Bandrowczak anticipates a turnaround with improved financial results, enhanced sales operations, and new product initiatives. The company reduced its annual outlook, projecting a free cash flow guidance of $550m-$600m (previously $600m).
July 25, 2024
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