Xerox lowers 2024 revenue growth view to down 10% from down 5%-6%

2023 revenue was $6.89B. Consensus for 2024 revenue is $6.42B. Lowers 2024 adjusted operating margin to around 5.0% from at least 6.5%. Continues to expect growth in adjusted operating income and a return to double-digit adjusted operating income margin over the course of the company’s Reinvention.