Xerox Holdings Corporation (0A6Y.L) delivered its Q4 2024 results amidst a challenging landscape, reporting revenues of $1.613 billion, which represents a decrease of 8.61% year-over-year but an increase of 5.56% quarter-over-quarter. While gross profit dropped by 13.75% year-over-year, operational challenges persisted with an operating income of $35 million, down 59.3% year-over-year. The company experienced a notable net loss in Q4, amounting to $21 million; however, the dramatic year-over-year improvement of 63.79% in net income indicates a positive trend in financial management despite recent losses.
Management emphasized continued investments in digital transformation, aiming to stabilize the company's core operations, which have been affected by declining print volumes. The strategic pivot towards integrated solutions reinforces Xerox's commitment to evolving its service offerings, addressing investor concerns about its trajectory in a rapidly changing tech landscape.