Xerox reports Q4 adjusted EPS (10c) vs. 36c last year

Reports Q4 revenue $2.03B vs. $1.61B last year. “We continue to execute with discipline in a difficult macro backdrop, including the lingering effects of government uncertainty and rising memory costs. The Lexmark integration is advancing ahead of plan, and the teams are delivering tangible synergies,” said CEO Steve Bandrowczak. “These efforts contributed to a better-than-expected operating income and free cash flow performance this quarter. As demand trends begin to stabilize, we’re seeing new opportunities emerge, leading to a pipeline that is larger than it was this time last year.”