Xerox Sees Profits Grow Despite Revenue Decline in Q3 2023, Announces Reinvention Plan


On October 24, Xerox Holdings Corporation announced its financial results for the third quarter of fiscal 2023. Along with unveiling lower revenue but higher profits, Xerox announced that the Project Own IT cost-saving plan will be succeeded by the Reinvention plan. In the company’s press release, Xerox CEO Steve Bandrowczak commented, “Growth in adjusted profit,

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