Xerox Holdings Corporation announced its fourth-quarter and full-year 2024 results on January 28, 2025. For Q4 2024, revenue was $1.613 billion, an 8.6% decrease in actual currency and an 8.0% decrease in constant currency year-over-year. The company reported a GAAP diluted loss per share of $(0.20), an improvement from $(0.50) in Q4 2023, while adjusted diluted EPS was $0.36, down 16.3% year-over-year.
For the full year 2024, total revenue was $6.221 billion, a 9.7% decrease in actual currency and a 9.5% decrease in constant currency compared to 2023. Xerox reported a GAAP net loss of $(1.32) billion, or $(10.75) per share, which included a $1.0 billion non-cash goodwill impairment charge. Adjusted net income for the full year was $135 million, or $0.97 per share.
Looking ahead to 2025, Xerox provided guidance anticipating low single-digit constant currency revenue growth, inclusive of ITsavvy revenue. The adjusted operating income margin is projected to be at least 5.0%, with operating cash flows between $420 million and $470 million. This guidance explicitly excludes any impact from the pending Lexmark acquisition and potential adverse effects from tariff and trade policy.
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