Thread regarding Xerox Corp. layoffs

Xerox Releases First-Quarter Results

Financial Results

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$173 million of operating cash flow from continuing operations, DOWN $49 million year-over-year, and $150 million of free cash flow, DOWN $57 million year-over-year
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Adjusted operating margin of 4.7 percent, down 630 basis points year-over-year
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$1.86 billion of revenue, a DECREASE OF 14.7 percent year-over-year or 13.9 percent in constant currency
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GAAP loss from continuing operations of $(0.03) per share, down $0.37 year-over-year, and adjusted earnings per share (EPS) of $0.21, DOWN $0.45 year-over-year
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Withdraws 2020 financial guidance due to economic uncertainty caused by COVID-19

by Downer
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Post ID: @OP+14Ld28ea
Comment! It's anonymous!

7 replies (most recent on top)

Tech Powerhouse is about as phony a term as they come, no surprise given the source.

by Anonymous
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Post ID: @5jto+14Ld28ea

This ship is sinking fast...

by Anonymous
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Post ID: @5lys+14Ld28ea

Tech Powerhouse ?? How about Tech Outhouse....

by Anonymous
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Post ID: @4krf+14Ld28ea

Always only been a matter of time, covid has just sped up the clock. Print volumes from Feb down by what, 70%? - You think those volumes are going to bounce right back to previous? Technical innovations? Other lucrative lines of business? Nope! Got $17 - I can buy a shower curtain or a share of xrx. Which one?

by Anonymous
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Post ID: @4fde+14Ld28ea

BBBummmer!

by Anonymous
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Post ID: @3wpb+14Ld28ea

As John V has said, they were able to get the supply chain support their deployment up to Feb month and disruption starts only in March. Just with 1 out of 3 months of supply chain disruption, Xerox already suffered such great loss. Now, adding to the supply chain issue is the demand side. With an overall gloomy economic outlook for the rest of the year and businesses control spending across US and Europe, you can imagine what hind of losses Xerox will be facing in the remaining 3 quarters.

by Anonymous
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Post ID: @zsb+14Ld28ea

Now that XRX has entered into the 52-week low region, those who think it has hit bottom might be tempted to scoop some up, especially with the 5.87% yield.

However this 1Q earnings report has me thinking we are nowhere near bottom, and since XRX is not a buy-and-hold equity, the risk of investment loss is higher than ever.

How does this relate to layoffs? A tanking stock forces the mgmt team to take ever larger risks to appease everyone’s least favorite and rarely successful corporate raider.

Disclaimer: short XRX

by Firebrand
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Post ID: @jbm+14Ld28ea

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