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Third Quarter 2018 Earnings John Visentin, CEO Bill Osbourn, CFOOctober 23, 2018 http://www.xerox.com/investor
Third Quarter 2018 Earnings
Bill Osbourn, CFOOctober 23, 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 cu rrent 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 revenue declines, reduce costs and increas e 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 abili ty to successfully
develop new products, 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 admi nistrative sanctions could
be imposed on us if we fail to comply with the terms of such contracts and applicable law; the risk that partners, subcontrac tors and software vendors
will not perform in a timely, quality manner; actions of competitors and our ability to promptly and effectively react to cha nging technologies and
customer expectations; our ability to obtain adequate pricing for our products and services and to maintain and improve cost efficiency of operations,
including savings from restructuring actions; the risk that individually identifiable information of customers, clients and e mployees could be
inadvertently disclosed or disclosed as a result of a breach of our security systems; reliance on third parties, including su bcontractors, for
manufacturing of products and provision of services; our ability to manage changes in the printing environment and expand equ ipment 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, particular ly environmental
regulations and directives and anti -corruption laws; the outcome of litigation and regulatory proceedings to which we may be a p arty; the outcome of
our process to evaluate all strategic alternatives to maximize shareholder value, including terminating or restructuring Xero x'srelationship with
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