Xerox reports sales declines
| 29 January, 2020
Xerox has announced its fourth quarter and full-year 2019 financial results.
Xerox reported $9.07 billion of revenue, a decrease of 6.2 percent in actual currency year-on-year.
“We are delivering on our three-year plan. We grew earnings per share, increased cash flow and expanded adjusted operating margin for the full year, and we improved our revenue trajectory in the second half of the year as our investments in the business gained traction,” said Xerox Vice Chairman and CEO John Visentin. “
Xerox is continuing its campaign to convince HP shareholders to support its $32 billion takeover although HP's board of directors has repeatedly rejected the deal.