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Xerox Q2 total revenue $5.3 billion

Staff writer ▼ | July 25, 2014
Xerox announced second-quarter 2014 adjusted earnings per share of 27 cents. Adjusted EPS excludes 5 cents related to amortization of intangibles, resulting in GAAP EPS from continuing operations of 22 cents.
Xerox
In the second quarter, total revenue of $5.3 billion was down 2 percent or 3 percent in constant currency. Revenue from the company’s Services business, which represented 57 percent of total revenue, was $3 billion, up 2 percent year-over-year or 1 percent in constant currency. Revenue from the company’s Document Technology business, which represented 40 percent of total revenue, was $2.1 billion, down 6 percent or 7 percent in constant currency.

Second-quarter operating margin of 9.7 percent improved 0.3 points year-over-year and resulted in operating profit of $514 million, up 1 percent.

Gross margin was 30.8 percent, and selling, administrative and general expenses were 18.4 percent of revenue.

The company generated $325 million in cash flow from operations during the second quarter and $611 million for the first half of 2014. In the second quarter, Xerox repurchased $204 million in stock and $479 million in the first half of the year. Additionally, Xerox spent $227 million on acquisitions in the quarter and $281 million in the first half of the year, strengthening our Services portfolio.


 

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