Xerox also announced that its board has authorized a review of the "structural options" for its business portfolio and its capital allocation options.
Revenue was $4.3 billion in the most recent quarter, compared to $4.8 billion in the same three-month period a year ago.
Xerox recorded a loss of $34 million in the third quarter, as opposed to a $266 million profit in the identical quarter a year ago.
Xerox, which is now based in Connecticut, has a worldwide workforce of 140,000.
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