Xerox Misses Q3 Earnings Estimates, Revenue Declines Amidst Equipment Sales Slump

Xerox Holdings Corp (XRX) reported disappointing third-quarter 2024 results, with revenue falling short of expectations for the seventh consecutive quarter. The company’s equipment sales revenue continued to decline, dragging down overall performance despite positive developments in adjusted operating income and margin. The acquisition of ITsavvy is expected to bolster Xerox’s offerings and revenue growth.

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