ROCHESTER . NEW YORK—  Xerox Reports $1.76B in Revenue, Nearly Flat Year-Over-Year. “Our revenue this quarter was essentially flat year-over-year, despite a deterioration in global supply chain conditions and the Delta variant, which caused delays in many of our clients’ plans to return employees to the workplace,” said Xerox Vice Chairman and CEO John Visentin. “As a result of these ongoing challenges, we are revising our revenue guidance lower, but we are maintaining our free cash flow guidance of at least $500 million. Our focus on generating cash allows us to preserve, and in some cases increase, investments in innovation, while continuing to return more than 50% of free cash to shareholders and pursue M&A. The savings from government assistance were recorded as follows in the Condensed Consolidated Statements of Income. Xerox will have to do battle with former partner FujiFilm after partnership ended a year ago.