Xerox revenue ticks up slightly

GaryPageau

Xerox Holdings Corp. announced its 2022 fourth-quarter and full-year results and guidance for 2023. For the fourth quarter, the company reported revenue of $1.94 billion, up 9.2 percent year-over-year or up 13.9 percent in constant currency. For the full year, Xerox had revenue of $7.11 billion, up 1.0 percent year-over-year, or up 4.8 percent in constant currency.

“Resilient demand and improvements in supply chain conditions drove solid Q4 growth in revenue and profits,” said Steve Bandrowczak, chief executive officer at Xerox. “Our employees and partners worked hard to deliver the highest level of revenue since the start of the pandemic, and I am proud of the focus and dedication which led to these results. As macroeconomic uncertainty extends through this year, we will continue working alongside our clients to develop and deploy essential workplace solutions and services, positioning Xerox for long-term growth in profitability.”

 

 

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Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.