Workplace technology company Xerox Holdings Corp. (XRX) reported that its fourth quarter 2021 net loss attributable to the company was $675 million or $3.97 per share compared to net income of $77 million or $0.36 per share in the prior year.
The latest-quarter results included an after-tax non-cash goodwill impairment charge of $750 million or $4.38 per share. The charge largely reflected the fact that Xerox's print business has been and will continue to be impacted by the economic disruption caused by the COVID-19 pandemic, and included recognition that some companies will maintain some form of a hybrid workplace indefinitely.
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