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Second Quarter 2018 Earnings John Visentin, CEO Bill Osbourn, CFOJuly 26, 2018 http://www.xerox.com/investor
Second Quarter 2018 Earnings
Bill Osbourn, CFOJuly 26, 2018
http://www.xerox.com/investorThis presentation, and other written or oral statements made from time to time by management contain “forward- looking statements” as defined in the Private Securities Litigation Reform
Act of 1995. The words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “will”, “should” and similar expressions, as they relate to us, are intended to identify forward- looking
statements. These statements reflect management’s current beliefs, assumptions and expectations and are subject to a number of factors that may cause actual results to differ
materially. Such factors include but are not limited to: our ability to address our business challenges in order to reverse r evenue declines, reduce costs and increase productivity so that
we can invest in and grow our business; changes in economic and political conditions, trade protection measures, licensing requi rements and tax laws in the United States and in the
foreign countries in which we do business; changes in foreign currency exchange rates; our ability to successfully develop new p roducts, technologies and service offerings and to
protect our intellectual property rights; the risk that multi -year contracts with governmental entities could be terminated prior to the end of the contract term and that civil or criminal
penalties and administrative sanctions could be imposed on us if we fail to comply with the terms of such contracts and appli cable law; the risk that partners, subcontractors and software
vendors will not perform in a timely, quality manner; actions of competitors and our ability to promptly and effectively reac t to changing technologies and customer expectations; our
ability to obtain adequate pricing for our products and services and to maintain and improve cost efficiency of operations, i ncluding savings from restructuring actions; the risk that
individually identifiable information of customers, clients and employees could be inadvertently disclosed or disclosed as a res ult of a breach of our security systems; reliance on third
parties, including subcontractors, for manufacturing of products and provision of services; our ability to manage changes in the printing environment and expand equipment placements;
interest rates, cost of borrowing and access to credit markets; funding requirements associated with our employee pension and retiree health benefit plans; the risk that our operations
and products may not comply with applicable worldwide regulatory requirements, particularly environmental regulations and dir ectives and anti -corruption laws; the outcome of litigation
and regulatory proceedings to which we may be a party; the outcome of our process to evaluate all strategic alternatives to m aximize shareholder value, including terminating or
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