Xerox Corp., Norwalk, Conn, reported first-quarter revenue of $1.85 billion, up 26.7 percent, or 23.6 percent in constant currency. On a pro forma basis, revenue is down 3.7 percent. The GAAP net (loss) of $(105) million, or $(0.84) per share, down $15 million or $0.09 per share, year-over-year, respectively. “This quarter’s results demonstrated tangible progress as revenue and profit trajectory...
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