Xerox Posts Sales Downturn and Net Loss in Q1 2024, Announces Changes to Production Business


On April 23, Xerox Holdings Corporation reported financial results for the first quarter of fiscal 2024, which closed on March 31, 2024. It was a rocky start to the year. Revenue plunged, driven by lower post-sale revenue and some jaw-dropping declines in equipment sales. Operating profit also plummeted, and the firm reported a net loss

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