Xerox Reports Progress on Key Priorities to Drive Business Improvement

Xerox announced its third-quarter 2018 financial results.
 
Total revenue was $2,352 million, down 5.8% year-over-year or 4.7% in constant currency, while the adjusted operating margin was 13.1%, up 1.0 point year-over-year. Xerox reported operating cash flow of $274 million in the third quarter and $725 million year-to-date.
 
“We are progressing on our priorities, which include optimizing our operations for greater simplicity, re-energizing our innovation engine and focusing on cash flow to drive increasing shareholder returns,” said John Visentin, Xerox vice chairman and CEO. “Work remains on the priority to drive revenue. Actions are underway to streamline the organizational structure, expand our channel presence, and further differentiate our products and services to provide greater value to customers.”