Xerox first-quarter results down, updates Reinvention progress
Xerox, Norwalk, Conn., reported first-quarter revenue of $1.50 billion, down 12.4 percent, or 13.2 percent in constant currency. The company has a GAAP net loss of $(113) million, or $(0.94) per share, a decrease of $184 million or $1.37 per share, year-over-year, respectively. This quarter includes after-tax Project Reinvention related charges of $100 million, or $0.80 per share. Adjusted net income...
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