View a complimentary copy of the Magic Quadrant report to learn more about DXC's strengths and cautions, among other provider offerings. DXC recognized as a leader for third consecutive year, serving more than 700 customers across 68 countries ASHBURN, Va., March 31, 2025 /PRNewswire/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced it has been recognized by Gartner as a Leader in the Magic Quadrant for Outsourced Digital Workplace Services. The evalua ...

Core Insights - DXC Technology has appointed T.R. Newcomb as Chief Revenue Officer, effective immediately, reporting to CEO Raul Fernandez [1][3] - Newcomb brings over 20 years of experience in technology and financial services, with a focus on revenue growth and strategic thinking [2][4] Company Overview - DXC Technology is a leading global technology services provider, helping companies modernize IT and optimize data architectures across various cloud environments [7] - The company aims to enhance sales effectiveness and expand its market presence under Newcomb's leadership [3][4] Leadership Background - T.R. Newcomb previously served as SVP of Strategy and Corporate Development at Riskified, an AI fraud and risk technology company [3] - His educational background includes a degree from Harvard University and an MBA from The Wharton School [4]

Company Overview - Vision Bank is a Sharia-compliant digital bank in Saudi Arabia that aims to provide innovative banking solutions tailored to customer needs [2][5] - Finastra is a global provider of financial services software applications, trusted by approximately 8,100 financial institutions, including 45 of the world's top 50 banks [4] Implementation and Technology - The successful implementation of Finastra Kondor and cloud-based managed services from DXC Technology has enabled Vision Bank to enhance its treasury trading and risk management capabilities [1][2] - Finastra Kondor is recognized for its robust capabilities in supporting complex trading, risk management, and operations, serving as the backbone for numerous financial institutions [2][3] Strategic Goals - Vision Bank's mission is to be a pioneer in the Saudi banking sector by leveraging innovation and technology to provide seamless, Sharia-compliant banking solutions [2] - The bank's initiatives align with the Financial Sector Development Program, part of Saudi Vision 2030, aiming to drive business continuity and compliance with regulations [2] Collaboration and Future Outlook - The partnership between Finastra, DXC, and Vision Bank emphasizes a commitment to driving innovation in financial technology, enhancing the bank's treasury operations [3] - The implementation of Kondor is seen as a significant milestone in Vision Bank's digital transformation journey, providing the agility needed to adapt to new market demands [3]

International fashion brand selects DXC to leverage data-driven insights to personalize the shopping experience LISBON, Portugal, March 17, 2025 /PRNewswire/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been selected by Parfois Group, a leading Portuguese fashion brand, to improve and enhance the customer experience with personalized recommendations based on data-driven insights. International fashion brand selects DXC to leverage data-driven insights to pe ...

Core Viewpoint - DXC Technology reported better-than-expected earnings for Q3 fiscal 2025, but revenues showed a decline year-over-year, raising questions about future performance and market trends [2][3][10]. Financial Performance - Non-GAAP earnings for Q3 were 92 cents per share, exceeding the Zacks Consensus Estimate by 19.5% and reflecting a 7% increase year-over-year [2]. - Total revenues for Q3 were $3.23 billion, surpassing the Zacks Consensus Estimate by 0.7%, but down 5.1% year-over-year; on an organic basis, revenues declined 4.2% [3]. - The Global Business Services segment reported revenues of $1.67 billion, a decrease of 1.8% year-over-year, with organic growth driven by insurance software and BPS business [4]. - GIS revenues were $1.56 billion, down 8.5% year-over-year, with declines across Cloud Infrastructure, ITO & Security, and Modern Workplace divisions [5]. - Non-GAAP gross profit increased 6% to $809 million, with a gross margin improvement of 150 basis points to 25.1%, attributed to disciplined resource management and restructuring benefits [6]. - Non-GAAP operating income rose to $286 million, with an operating margin expansion of 140 basis points to 8.9% [7]. Balance Sheet and Cash Flow - As of the end of Q3, DXC had $1.72 billion in cash and cash equivalents, up from $1.25 billion in the previous quarter; long-term debt decreased to $3.64 billion from $3.83 billion [8]. - Operating cash flow for Q3 was $650 million, with free cash flow at $483 million; for the first three quarters of fiscal 2025, operating cash flow totaled $1.08 billion and free cash flow was $576 million [9]. Guidance and Outlook - DXC updated its fiscal 2025 guidance, projecting revenues between $12.8 billion and $12.83 billion, down from previous estimates of $12.9-$13.1 billion; adjusted EBIT margin is now expected to be approximately 7.9% [10]. - For Q4, DXC anticipates revenues between $3.10 billion and $3.13 billion, with an adjusted EBIT margin of approximately 7% and adjusted EPS of 75 cents [11]. - There has been an upward trend in estimates for DXC, indicating a potentially positive outlook [12][14]. Industry Context - DXC Technology operates within the Zacks Computers - IT Services industry, where Roper Technologies has shown a 2.1% gain over the past month, reporting revenues of $1.88 billion with a year-over-year change of +16.3% [15].

 ServiceNow and DXC expand their strategic partnership to combine DXC's industry-leading software and expertise with ServiceNow's AI-enabled platformASHBURN, Va. and SANTA CLARA, Calif., March 4, 2025 /PRNewswire/ -- DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced new offerings with ServiceNow (NYSE: NOW), the AI platform for business transformation, to modernize the insurance industry. As an Elite partner, DXC is combining its industry-leading solution ...

ASHBURN, Va., Feb. 27, 2025 /PRNewswire/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced the appointment of Pat McClanahan as Global Leader of Business and Sales Operations for Consulting & Engineering Services - Powered by AI (CES), effective immediately. McClanahan will report directly to DXC President of CES, Howard Boville."Pat's track record of leadership in the Navy was the beginning of a career of accomplishments driving excellence at the Depar ...

ASHBURN, Va., Feb. 27, 2025 /PRNewswire/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced the appointment of Jennifer Ragone as Chief People Officer. Ragone will report directly to DXC President and CEO Raul Fernandez.In this role, Ragone will lead DXC's global people strategy, focusing on driving profitable growth through innovative talent solutions. She will spearhead initiatives to strengthen the workforce, prepare employees for the future of work, ...

ASHBURN, Va., Feb. 27, 2025 /PRNewswire/ -- DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced the appointment of Pat McClanahan as Global Leader of Business and Sales Operations for Consulting & Engineering Services - Powered by AI (CES), effective immediately. McClanahan will report directly to DXC President of CES, Howard Boville. DXC Technology logo "Pat's track record of leadership in the Navy was the beginning of a career of accomplishments drivi ...

Core Insights - DXC Technology has signed an agreement with Skanska AB to modernize Skanska's IT infrastructure, aiming to enhance operational efficiency in Europe and the United States [1][3] - The partnership involves transferring services and employees managing Skanska's global IT infrastructure operations to DXC Technology [2] - Skanska is undergoing a digital transformation, focusing on sustainability, process optimization, and cost efficiency, with DXC's support being crucial for this transition [3] Company Insights - DXC Technology is recognized as a leading global technology services provider, helping companies modernize IT while managing mission-critical systems [5][7] - The company will manage Skanska's Azure cloud and on-premises environments, enhance cybersecurity, and deliver modern workplace solutions [4] - DXC's expertise in managing hybrid IT environments positions it well to support Skanska's operational efficiency and security needs [4] Industry Insights - The construction and project development industry is experiencing significant digital transformation, with a strong emphasis on modern and flexible IT infrastructure services [3] - Companies in this sector are prioritizing sustainability and cost efficiency as part of their digital transformation strategies [3]