Xerox Releases First-Quarter Results
Q1 2023: • Revenue of $1.72 billion, up 2.8 percent year-over-year or up 5.5 percent in constant currency. • Operating cash flow of $78 million, up $12 million year-over-year. • Donated Palo Alto Research Center (PARC) to SRI International in April, providing Xerox greater capacity to pursue innovation projects in Print, IT, and Digital Services. • Repaid $450 million of debt during the quarter.