Xerox (XRX) Q1 2012 Earnings Call April 23, 2012 10:00 am ET Executives Ursula M. Burns - Chairman and Chief Executive Officer Luca Maestri - Chief Financial Officer and Executive Vice President Lynn R. Blodgett - Corporate Executive Vice President and President of Services Business Analysts Shannon S. Cross - Cross Research LLC Richard Gardner - Citigroup Inc, Research Division Benjamin A. Reitzes - Barclays Capital, Research Division Deepak Sitaraman - Crédit Suisse AG, Research Division Chris Whitmore - Deutsche Bank AG, Research Division Ananda Baruah - Brean Murray, Carret & Co., LLC, Research Division Keith F. Bachman - BMO Capital Markets U.S. Bill C. Shope - Goldman Sachs Group Inc., Research Division PresentationOperator
Good morning, and welcome to the Xerox Corporation First Quarter 2012 Earnings Release Conference Call hosted by Ursula Burns, Chairman of the Board and Chief Executive Officer. She is joined by Luca Maestri, Executive Vice President and Chief Financial Officer. During this call, Xerox executives will refer to slides that are available on the web at www.xerox.com/investor. At the request of Xerox Corporation, today's conference call is being recorded. Other recording and/or rebroadcasting of this call are prohibited without expressed permission of Xerox. [Operator Instructions] During this conference call, Xerox executives 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 would like to turn the meeting over to Ms. Burns. Ms. Burns, you may begin.