XEROX ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Xerox Holdings Corporation and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against Xerox Holdings Corporation for allegedly making materially false and misleading statements regarding its business operations and financial performance during the class period from January 25, 2024, to October 28, 2024 [1][5]. Financial Performance - For Q2 2024, Xerox reported a revenue decline of 12.4% year-over-year to $1.50 billion, with a net loss of$113 million, down $184 million year-over-year. Equipment sales fell 25.8$290 million [3]. - For Q3 2024, Xerox's revenue decreased by 7.5% year-over-year to $1.53 billion, with a significant net loss of$1.2 billion, down $1.3 billion year-over-year. Equipment sales also declined by 12.2$339 million [4]. Operational Challenges - The company attributed the revenue decline to "geographic simplification" and acknowledged that its "Reinvention" plan initially disrupted sales operations but expected improvements in equipment order momentum [3]. - The COO indicated that lower-than-expected sales force productivity and delays in launching new products contributed to sales underperformance, citing a "forecasting issue" regarding older product sell-through [4]. Allegations in Lawsuit - The lawsuit claims that Xerox failed to disclose several material adverse facts, including disruptions in salesforce productivity due to a workforce reduction and the impact on product launch timelines, which misled investors about the company's operational health and future prospects [5].