XEROX HOLDINGS Reports 0.4% Increase in Revenue for Q2 FY2023, Net Income Decreases by -57.0 Million
August 8, 2023
☀️Earnings Overview
XEROX HOLDINGS ($NASDAQ:XRX) reported total revenue of USD 1754.0 million and a net income of USD -61.0 million for the second quarter of FY2023 ending June 30, 2023. This represented a 0.4% year-over-year increase in revenue, however the net income decreased by -57.0 million from the same quarter in the previous year.
Analysis
GoodWhale has conducted an analysis of the fundamentals of XEROX HOLDINGS and found that it is a medium risk investment. This means that while there are some risks associated with investing in the company, the financial and business aspects of the company are relatively stable. GoodWhale has identified two risk warnings in XEROX HOLDINGS’ income sheet and balance sheet. In order to gain access to this information, users must register as a member on the GoodWhale website. By doing so they will be able to get a thorough overview of the company’s financials and make an informed decision about whether it is a good investment or not. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Xerox Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 7.16k | -266 | 1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Xerox Holdings. More…
| Operations | Investing | Financing |
| 351 | -38 | -960 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Xerox Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.57k | 7.17k | 21.54 |
Key Ratios Snapshot
Some of the financial key ratios for Xerox Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.4% | -18.3% | 0.1% |
| FCF Margin | ROE | ROA |
| 4.3% | 0.2% | 0.1% |
Peers
The competition between Xerox Holdings Corp and its competitors is fierce. Each company is vying for market share and trying to outdo the other in terms of product offerings and customer service. This competition is good for consumers as it leads to innovation and better prices.
– CPI Computer Peripherals International SA ($LTS:0OKA)
CPI Computer Peripherals International SA is a publicly traded company with a market capitalization of 6.87M as of 2022. The company specializes in the production and distribution of computer peripherals and related products. CPI Computer Peripherals International SA has a strong presence in the European market and is headquartered in Geneva, Switzerland.
– Ekennis Software Service Ltd ($BSE:543475)
Ekennis Software Service Ltd is a publicly traded company with a market capitalization of approximately $254.8 million as of 2022. The company has a strong return on equity (ROE) of 27.58%. Ekennis provides software development and other IT services to businesses worldwide. The company has a strong reputation for delivering quality services and has a loyal clientele base.
– Cambricon Technologies Corp Ltd ($SHSE:688256)
Cambricon Technologies Corp Ltd is a Chinese company that designs and manufactures semiconductor products. The company has a market cap of 27.13B as of 2022 and a return on equity of -13.79%. Cambricon Technologies Corp Ltd’s products are used in a variety of industries, including telecommunications, automotive, and consumer electronics. The company’s products are used in a variety of applications, including mobile phones, base stations, set-top boxes, and GPS devices.
Summary
XEROX HOLDINGS reported total revenue of USD 1754.0 million and a net income of USD -61.0 million for the second quarter of FY2023, representing a 0.4% increase in revenue year over year, and a net income decrease of -57.0 million from the prior year. Despite the decrease in net income, the stock price moved up the same day, indicating that investors may be optimistic about the company’s future outlook. Analysts will likely be interested in further evaluating the company’s performance and looking for opportunities to capitalize on its potential growth.
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