Xerox Corporation (NYSE:XRX) Q4 2014 Earnings Conference Call - Final Transcript

Jan 30, 2015 • 10:00 am ET

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Xerox Corporation (NYSE:XRX) Q4 2014 Earnings Conference Call - Final Transcript

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Presentation
Executive
Ursula Burns

on the right path forward. We're seeing the benefits of strong operating profit from Document Technology and improving profits and revenue in Services, where we're making visible progress. Our Services business is now better positioned for future growth.

We know 2015 is already bringing some headwinds. As we mentioned earlier, we're watching the unprecedented movements in currencies especially the euro as Kathy outlined, but as always, we will manage with a disciplined approach. We will work hard and make the necessary adjustments to our operations.

Our commitment remains the same and our diversified portfolio and strong cash flow, combined with our operating model, guides our priorities. In Services, building on the momentum to increase sales and profits through portfolio management improved productivity and excellent offerings. In Document Technology, capitalizing on the most advantaged segments of the business to maintain our leadership position in the industry, while maintaining strong profitability and we will continue to generate healthy cash flow to deliver shareholder value.

Thank you and now over to you, Jim.

Executive
Jim Lesko

Thanks, Ursula. Joining Ursula and Kathy today is Bob Zapfel, Head of our Services business. Also let me point out that we have several supplemental slides at the end of our deck. They provide more financial detail to support today's presentation and complement our prepared remarks.

For the Q&A, I ask participants to limit follow-on and multipart questions so we can get to everyone and at the end of our Q&A session, I will turn it back to Ursula for closing comments. Operator, please open the line for questions now.