1. Partners Buoy Xerox Quarterly Sales, CFO Says

    Partners Buoy Xerox Quarterly Sales, CFO Says

    Partners Buoy Xerox Quarterly Sales, CFO Says CFO William Osbourn tells investors that partners helped stem losses in the quarter, and the managed print side channel business is “growing upwards of low double-digits in recent quarters.” By O’Ryan Johnson January 30, 2019, 11:52 AM EST Xerox channel partners rescued the companies’ fourth quarter sales from suffering worse losses, company leaders announced Tuesday during an earnings call.

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  1. Quotes

    1. We closed the year strong, growing adjusted EPS 10 percent, expanding adjusted operating margin 180 basis points and delivering over $1.05 billion in free cash flow, 92 percent of which we returned to shareholders.
    2. North America revenues were down 4.9 percent in constant currency driven by weakness in large enterprise accounts and high-end sales that were partially offset by growth in Xerox Business Solutions, formally GIS, as well as indirect channel equipment sales growth.
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