The company reports total revenue of $5.4 billion, which is down three percent from the same time last year.

The company says its services business revenue, which includes IT and document outsourcing, was up five percent.

The company generated nearly $600 million in cash from operations and is on track to deliver full-year operating cash flow of $2 billion to 2.3 billion as well as repurchase $900 million to $1.1 billion in Xerox stock during the year.