The Recycler
  • Biuromax Web banner June 2022
  • Ninestar June 2022 Masthead Banner
  • Katun March Web Advert 2021
  • ECS Web ad March 2022
  • Static Control June 2022 Masthead Ad

Xerox reveals Q3 2017 earnings

Xerox reveals Q3 2017 earnings

October 27, 2017

The corporation has unveiled its third quarter earnings for 2017, revealing a sequential improvement in revenue decline.

Xerox announced its third-quarter 2017 financial results. These are the highlights from their report:

  • GAAP EPS from continuing operations of $0.67 (€0.57) up one cent year-over-year; adjusted EPS of $0.89 (€0.76) up five cents year-over-year
  • Total revenue of $2.5 billion (€2.15 billion), down 5.0 percent or 5.9 percent in constant currency year-over-year
  • Adjusted operating margin of 12.2 percent, down 0.4 points year-over-year

“We posted another solid quarter of earnings, margins, and cash flow in line with our expectations, supported by our on-going Strategic Transformation initiatives,” said Jeff Jacobson, Xerox’s chief executive officer. “Revenue decline improved sequentially which we expect to carry through the rest of the year.” Jacobson added, “All 29 of our new ConnectKey- enabled office products are now available and shipping to large and small customers around the globe; momentum is building, as expected, entering the last quarter of the year.”

Revenues “were $2.5 billion (€2.15 billion) in the quarter, which is down by 5.0 percent or 5.9 percent in constant currency. Post-sale revenue was 79 percent of total revenue.” Xerox’s third-quarter adjusted operating margin was 12.2 percent, which is down 0.4 points year-over-year.

The company returned $68 million (€58 million) in dividends to shareholders.”

Finally, Xerox updated its full-year 2017 guidance of GAAP EPS from continuing operations to $1.97 to $2.13 (€1.69 to €1.83) and adjusted EPS to $3.28 to $3.44 (€2.82 to €2.95).

The company expects to end the year with more than $1.0 billion (€860 million) of cash on its balance sheet.”

Categories : City News

Tags : 2017 Financials Xerox

  • GM Technology June 2022 Web ad
  • Static Control June 2022 Big & Bold Ad
  • Aster Big & Bold Web ad May 2022
  • GPI Web ad June 2022
  • Apex UStation web banner
  • Mito Big & Bold Web ad May 2022
  • IR Italiana Web ad January 2021
  • CTS New Ad March 2022
  • Zhono web ad May 2022
  • PCL Web ad January 2021
  • ITP Web ad January 2021
  • CET June 2022 Web ad
  • HYB Web banner
  • Zhono web ad May 2022
  • HYB Web banner
  • ITP Web ad January 2021
  • PCL Web ad January 2021
  • CET June 2022 Web ad
  • CTS New Ad March 2022
  • PCL Web ad January 2021
  • ITP Web ad January 2021
  • CET June 2022 Web ad
  • Zhono web ad May 2022
  • HYB Web banner
  • CTS New Ad March 2022

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021