Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $2.03 billion, an increase of approximately 26% in actual currency and 24% in constant currency, primarily due to the acquisitions of Lexmark and ITsavvy. Pro forma revenue declined by 9% [3] - For the full year, revenue reached $7.02 billion, up roughly 13% in actual currency and 12% in constant currency, but declined approximately 8% excluding acquisition benefits. Adjusted loss per share was $0.60, down $1.57 year over year [4] - Free cash flow for Q4 was $184 million, a decrease of $150 million year over year, while for the full year, it was $133 million, which was above the guidance of $107 million [3][27] Business Line Data and Key Metrics Changes - In the Print and Other segment, Q4 equipment revenue was $485 million, up 23% as reported, but down approximately 10% on a pro forma basis. Legacy Xerox equipment revenue declined 14% in constant currency [22][23] - Print post-sale revenue was $1.39 billion, up 25% as reported, but down 9% on a pro forma basis. Excluding reinvention effects, pro forma post-sale revenue declined approximately 5% [23] - IT Solutions revenue increased by 39% year-over-year, reflecting the full inclusion of ITsavvy for the entire quarter. Pro forma gross billings increased by 13% year-over-year [24] Market Data and Key Metrics Changes - The company noted that macroeconomic challenges, including tariffs and increased product costs, continued to impact performance, particularly in the print equipment sales [3][8] - The company is experiencing a firming of demand in the IT solutions sector, with more than $60 million of pipeline creation in 2025 [24] Company Strategy and Development Direction - The company is focused on three strategic priorities: executing reinvention, realizing acquisition benefits, and maintaining balance sheet strength [8] - The integration of Lexmark and ITsavvy is expected to unlock tangible commercial and operational benefits, with a unified sales organization anticipated to enhance market reach [11][12] - The company is also investing in AI capabilities to drive efficiencies and improve customer experience, including the establishment of an AI center of excellence [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about improving business trends despite ongoing macroeconomic headwinds, with expectations for a stronger 2026 [3][4] - The company anticipates that many cost-related headwinds will begin to ease, while new product launches and a unified IT solutions organization will provide meaningful tailwinds [8][71] - Management highlighted the importance of navigating challenges related to memory price increases and their impact on costs across various business lines [5][6] Other Important Information - The company announced a special pro rata distribution of warrants to shareholders, which is seen as a balance sheet-friendly way to reward loyalty and provide bondholders with options to participate in equity [31] - The company plans to use excess free cash flow for debt repayment, with a medium-term target of approximately 3x trailing 12 months EBITDA [28][29] Q&A Session Summary Question: Are orders returning to normal post-government shutdown? - Management indicated that they are seeing growth opportunities in government sectors and that the strategy of acquiring ITsavvy and Lexmark is working to expand their portfolio [34][36] Question: What is the impact of memory prices on the ITsavvy business? - Management clarified that memory price increases are creating uncertainty across all industries, but they are working to help clients navigate these challenges through various service models [36][39] Question: How is the company prioritizing various strategic initiatives amidst challenges? - Management emphasized that the reinvention strategy and acquisitions are progressing well, with a focus on integration and leveraging existing relationships to drive growth [44][47] Question: How does the company protect against potential challenges in IT services? - Management outlined strategies to extend asset life and shift towards software as a service to mitigate risks associated with rising costs [51][55] Question: What are the expectations for finance receivable sales in 2026? - Management expects to reduce finance receivables to about $1 billion by year-end 2026, with a larger portion anticipated in the second half of the year [61]

Earnings Presentation Q4 2025 Results January 29, 2026 Forward-Looking Statements This 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 and involve certain risks and uncertainties. The words "anticipate", "believe", "estimate", "expect", "intend", "will", "would", "could", "can", "should", "targeting", "projecting", "driving", "future", "plan", "predict", "may" and si ...

AI and Creativity - AI enhances human creativity, expanding reach rather than replacing humans [1][9] - AI lowers the cost of failure, with the cost of experimentation in startups dropping by over 90% in the last decade [10] - AI is a force multiplier for human resilience and creativity, amplifying capabilities and accelerating experimentation [9][10] - AI is not the enemy of originality but its amplifier, freeing individuals from tedious tasks to focus on meaningful work [16][17] Adaptability and Reinvention - Adaptability is crucial for survival, with the World Economic Forum predicting that 50% of employees will need reskilling by 2025 [8] - Reinvention is a collaboration between human resilience and technology, requiring a willingness to be curious and flexible [9][12] - The "collapse code" involves pausing, prototyping, and partnering to turn pain, passion, and potential into expanded reach [12][13] - Creativity is defined by adaptability, transforming limitations into leverage and turning "no" into new directions [14] Mindset and Opportunity - Every collapse or setback can be viewed as a creative prompt, leading to reinvention and new opportunities [2][6] - The key is to adopt a mindset of "living in beta," being open to continuous upgrades and shifts [12] - The future requires imagination and awakened humanity, with technology reminding us of what only humans can do [18]

What if the life you've built and worked so hard for no longer fits. Would you change it. How.That was me. My parents escaped the Vietnam War with just 25 cents in their pockets. My dad, he lost his entire family.My mom made it out with hers, but when they arrived to America, they had nothing. We started off living in a trailer. Then we upgraded to a 100year-old house in smalltown Pennsylvania.It was the kind of house everyone swore was haunted. My babysitter even put a knife underneath my pillow to keep th ...

If you are in your Middle Ages (25-40), how many times have you completely reinvented yourself, essentially restarted from zero.Share your before & after to let others know it’s never too late to chase your calling. ...

[applause] When Kunal invited me to speak today on outthinking, I bet he doesn't know that I eloped and married my wife at the age of 18. So clearly Kunal is outthinking today by inviting me here. As a younger me, I took a bold and maybe a wild decision.But later in life it kind of became a habit for me. Today I'm here to share some of the learnings with you. So let's dive in.Sachin Tendulkar the greatest batsman the world has ever seen won only 43% of the ODIs he ever played. Roger Fedra, he won just 54% o ...

Career Development & Personal Growth - The speaker initially aimed for hard news reporting (political, war correspondence, international events) but started in business news and sports desk roles [1][2] - Overcoming initial setbacks and discouragement was crucial, emphasizing perseverance and maintaining passion [1][3] - Adapting to circumstances and changing perspectives are essential for career advancement [1][2] - Pursuing one's dreams requires challenging oneself and stepping outside of comfort zones [2][3] - The speaker highlights the importance of self-awareness, acceptance, and adaptability in navigating life and career [3] Media Industry Insights - Early television news, particularly coverage of the Kargil War in 1999, significantly influenced the speaker's career aspirations [1] - The media industry often presents unexpected opportunities, requiring flexibility and a willingness to embrace different roles [1][3] - The speaker's career path involved transitions between different news genres (business, sports, general/hard news) and media organizations (Zee News, NDTV, India TV) [1][2][3] - Covering major national and international events, such as the Donald Trump-Kim Jong Un summit, Galwan conflict, Ukraine war, and G20 summit, marked significant milestones in the speaker's career [3]

Career & Personal Growth - Reinvention is a continuous mindset, not a one-time event, requiring cultivation and growth [30] - Possibilities often emerge after taking initial steps [30] - In moments of uncertainty, pausing, resetting, and rising again is crucial [30] - Facing invisible doors fearlessly is essential for progress [30] - Maintaining a "Yes, I can and I will" attitude is vital when facing challenges [30] Leadership & Impact - True purpose lies in the impact of the job, regardless of its title or glamour [9] - Courage is built over time through daring moments and assignments [18] - Visualizing goals strengthens belief and can lead to their realization [17] - Overcoming fear and failure can reveal a more beautiful version of oneself [24] Gender Equality & Systemic Change - The speaker challenged the status quo to advocate for permanent commission for women officers, leading to a landmark judgment by the Supreme Court of India in 2020 [12]

What happens when life unravels everything that you've already planned and the script that you followed so carefully suddenly does not fit. Do you get scared and hide yourself into the old or would you go forward and write a new story. Friends, I'm Lakshmi Priya.Today I'm here to take you into five moments of my life that has broken me, built me and helped me become who I am today. I was nine when I sat before the chessboard. Initially it was very interesting uh playing around moving the pieces imagining po ...

Key Takeaways on Personal and Professional Reinvention - The speech emphasizes that failure should not define individuals, but rather serve as a pause or a stepping stone [21] - Reinvention is a continuous process, requiring individuals to adapt and acquire new skills, including both hard and soft skills [23][24] - Finding a purpose larger than oneself is crucial for motivation and driving personal and professional growth [26][27] - Individuals should embrace their unique qualities and create their own paths instead of comparing themselves to others [31] - Extraordinary achievements come from ordinary efforts with an extra element of focus, integrity, responsibility, and ethos [32] Strategies for Navigating Change - Accept failures and setbacks, choose to fight back, and persist in trying [23] - Continually grow and upskill to evolve and become more capable in the face of disruptions [24] - Find a purpose that extends beyond oneself to fuel passion and drive [26] - Own one's unique journey and avoid comparisons to others [31] - Add an "extra" element of focus, integrity, responsibility, and ethos to stand out [32] Illustrative Examples of Overcoming Adversity - Chandran, an MSE PhD professor, mentors kids in his village, providing education and infrastructure [34][35] - Madesh, son of Salama, overcame poor academic performance to earn a BCA, buy a car and house, and lead a team in a global company [35][36] - Umar, daughter of a driver, works in HR at a hospital and is doing extremely well [36] - The speaker faced a 40% billing loss during COVID-19, a partner buyout, and his father's cancer diagnosis, but chose to reinvent his status quo and provide the best treatment for his father [37][38]