Xerox Releases Fourth-Quarter and Full-Year Results
Financial Summary • Q4 GAAP earnings per share (EPS) from continuing operations of $0.36, down $0.05 from Q3 and down $0.81 YOY; FY GAAP EPS from continuing operations of $0.84, down $1.94 YOY. • $1.930 billion of Q4 revenue, up 9.2 percent or 8.5 percent in constant currency compared to Q3 and down 21.0 percent or 22.3 percent in constant currency YOY. • $7.022 billion of FY revenue, down 22.5 percent YOY or 22.7 percent in constant currency YOY. • Delivered $450 million of gross savings in 2020 under Project Own It. • Returned 112 percent of free cash flow to shareholders in 2020.