Xerox Holdings Corporation (XRX) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Xerox Holdings Corporation first quarter 2025 earnings release conference call. After the presentation, there will be a question and answer session. To ask your questions at that time, please press star 1 1 at any time during this call. You can withdraw your question by pressing star 1 1 again. At this time, I would like to turn the meeting over to Mr. David Beckel, Vice President and Head of Investor Relations. Good morning, everyone. I'm David Beckel, Vice President and Head of Investor Relations at Xerox Holdings Corporation. Welcome to the Xerox Holdings Corporation first quarter 2025 earnings release conference call hosted by Steve Bandersack, Chief Executive Officer. He's joined by John Bruno, President and Chief Operating Officer, and Merlanda Getsai, Chief Financial Officer. At the request of Xerox Holdings Corporation, today's conference call is being recorded. Other recording and or rebroadcasting of this call are prohibited without the express permission of Xerox. During this call, Xerox executives will refer to slides that are available on the web at www.xerox.com slash investor and will make comments that contain forward-looking statements, which by their nature address matters that are in the future and are uncertain. Actual future financial results may be materially different than those expressed herein. At this time, I'd like to turn the meeting over to Mr. Bandershek. Good morning, and thank you for joining our Q1 2025 Earnings Conference Call. In the first quarter of balanced execution, the benefits of last year's reinvention-related organizational changes and ongoing reinvention initiatives resulted in an improved revenue trajectory and another quarter of double-digit declines in operating expenses, excluding one-time cost and IT sav...