Xerox (NYSE:XRX) reports revenue dropped 6.1% on an adjusted constant currency basis in Q4.
Equipment sales decreased 9.5% to $629M (-7.7% in constant currency).
Post sale revenue down 7.2% $1.9B (-5.5% in constant currency).
North America revenue declined 5.2% to $1.52B (-4.9% in constant currency).
International revenue slipped 7.2% to $929M (-3.2% in constant currency).
Gross margin rate fell 30 bps 40%.
Profit up...
Cutting our way to tech powerhouse greatness!
You can't argue the facts, and when they are lined up like this you gotta admit that look brutal. PostID of the original post is: @XmAvBHH-bdt