Xerox Holdings
0A6Y.L
$2.76 0.55%
Exchange: LSE | Sector: Technology | Industry: Information Technology Services
Q3 2024
Published: Nov 4, 2024

Earnings Highlights

  • Revenue of $1.53B down 7.5% year-over-year
  • EPS of $-9.72 decreased by 3% from previous year
  • Gross margin of 32.4%
  • Net income of -1.21B
  • ""To remain competitive, we must embrace transformation and pivot toward high-margin areas while optimizing operational costs."" - CEO, Xerox Holdings
0A6Y.L
Xerox Holdings Corporation

Executive Summary

Xerox Holdings Corporation reported a challenging third quarter for 2024, marked by a revenue decline of 7.51% year-over-year, totaling $1.528 billion. This performance reflects a 3.17% decrease from the previous quarter, raising concerns about the company's competitiveness in the Information Technology Services sector. Notably, while operating income showed an improvement of 66.67% quarterly, net income plunged dramatically, posting a loss of $1.205 billion, exacerbating the year-over-year decline of over 2,500%. Management underscored the necessity for transformative measures, emphasizing an ongoing drive to enhance operational efficiency and expand into higher-margin business areas.

Key Performance Indicators

Revenue
Decreasing
1.53B
QoQ: -3.17% | YoY: -7.51%
Gross Profit
Decreasing
495.00M
32.40% margin
QoQ: -4.81% | YoY: -12.54%
Operating Income
Increasing
70.00M
QoQ: 66.67% | YoY: 11.11%
Net Income
Decreasing
-1.21B
QoQ: -6 794.44% | YoY: -2 559.18%
EPS
Decreasing
-9.72
QoQ: -8 200.00% | YoY: -3 451.72%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 1,576.00 -0.87 -0.1% View
Q1 2025 1,457.00 -0.75 -3.0% View
Q4 2024 1,613.00 -0.20 -8.6% View
Q3 2024 1,528.00 -9.72 -7.5% View
Q2 2024 1,578.00 0.11 -10.0% View