Reinvention drives momentum in Print and IT Solutions growth following ITsavvy acquisition

May 01, 2025 — Earnings/Financial, Corporate

Norwalk, Conn. —

Financial Summary

Q1 2025

• Revenue of $1.46 billion, down 3.0 percent, and 1.1 percent in constant currency.
• GAAP net (loss) of $(90) million, or $(0.75) per share, improved by $23 million or $0.19 per share, year-over-year, respectively.
• Adjusted net (loss) of $(4) million, or $(0.06) per share, declined by $15 million or $0.12 per share, year-over-year, respectively.
• Adjusted operating margin of 1.5 percent, 70 basis points lower year-over-year.
• Operating cash flow of $(89) million, lower by $10 million year-over-year.
• Free cash flow of $(109) million, lower by $20 million year-over-year.

SOURCE Xerox