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BRIEF-Xerox sees complete separation of Conduent on Dec. 31
December 7, 2016 / 12:05 PM / 9 months ago

BRIEF-Xerox sees complete separation of Conduent on Dec. 31

Dec 7 (Reuters) - Xerox Corp -

* Xerox outlines strategy at investor conference

* Expects to complete separation of Conduent Incorporated on Dec. 31, 2016

* Xerox announced an expected annualized per share dividend of $0.25 after separation

* New Xerox expects to expand operating margins to be in range of 12.5 - 14.5 percent in near term

* New Xerox expects to increase contribution from strategic growth areas to 50 percent of total company revenue by 2020

* New Xerox sees to deliver at least $1.5 billion cumulative gross productivity, cost savings by 2018 from its strategic transformation program Source text for Eikon: Further company coverage:

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