Xerox Q2 results hit by supply constraints leading to a loss

Despite the drop the vendor saw solid double-digit growth in its IT services business

Kelsey Rees
clock • 2 min read
Xerox Q2 results hit by supply constraints leading to a loss

Print vendor Xerox has suffered a loss in its second quarter 2022 financial results.  Total revenue was down 2.6 per cent to $1.75bn (€1.72bn) from $1.79bn last year.  While operating income plummeted 72.2 per cent to $35m (€34m).  In an earnings call transcribed by Seeking Alpha, Xerox interim CEO Steve Bandrowczak referenced the recent death of former Xerox CEO John Visentin, who died after complications from an ongoing illness. "While we mourn the passing of our leader and frie...

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