Xerox reports Q1 adjusted EPS (6c) vs. 6c last year

Reports Q1 revenue $1.46B vs. $1.5B last year. “In a quarter marked by increasing levels of macroeconomic and trade policy uncertainty, our team remained focused on what we can control: the balanced execution of our Reinvention and delivering client success,” said CEO Steve Bandrowczak. “Improved sales productivity, the successful integration of ITsavvy and other Reinvention-enabled operating efficiencies drove momentum in revenue and positive adjusted operating income in our seasonally lowest quarter. Reinvention is delivering improved operating predictability and sales momentum, positioning Xerox (XRX) well for long-term growth in revenue and adjusted operating income.”