Xerox Holdings Corp Q1 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : I guess if I can just follow up on the last question there. Xavier, you talked about the additional savings coming from Project Own It. It really is a difficult time, particularly where inflation is to drive additional savings. So maybe if you can give us a bit more color, are these sort of projects that were sort of far away from commercialization that you're trying to pull back on? Like what is the source of these additional savings that you're targeting, particularly at a time where it does look a bit more tougher of an environment to drive those savings? And I have a follow-up.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : Got it. And for my follow-up, I think at the Analyst Day, you had mentioned that your target in terms of where page volumes can get to sort of in the recovery is the -- is it like 80% number, and you talked about improvement here in post sale driven by some of the return to work. So maybe if you can ballpark where you are in terms of page volumes relative to the 80% target today. And the follow-up there is, you also have a big backlog on the equipment side. Like can you -- are you able to get a sense of how that mix is or whether equipment demand is coming in higher and the lower end compared to pre-pandemic through your backlog?