Collaboration with Dell Technologies to provide a best-in-class managed Multicloud Enterprise Intelligence System ASHBURN, Va., May 20, 2024 /PRNewswire/ - Today, DXC Technology (NYSE: DXC) a Fortune 500 global technology services company, is proud to announce a collaboration with Dell Technologies to advance Enterprise Intelligence Services (EIS). This alliance marks a significant step forward in leveraging cutting-edge technologies such as AI, machine learning, data analytics, and intelligent automation t ...

The company's non-GAAP gross profit declined 6% to $798 million from $849 million in the year-ago quarter mainly due to lower revenues. However, the non-GAAP gross margin remained flat on a year-over-year basis at 23.6%. DXC Technology Company (DXC) reported better-than-expected results for the fourth quarter of fiscal 2024. The IT services and consulting company posted fourth-quarter non-GAAP earnings of 97 cents per share, which beat the Zacks Consensus Estimate of 83 cents. However, the bottom line decre ...

Shares of DXC Technology Co (NYSE: DXC) are down over 15% even though the information technology company made an AI announcement on Friday. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. $DXC partners with Ferrovial and Microsoft Copy link to section The multinational based out of Ashburn, Virginia teamed up with Ferrovial and Microsoft this morning on Quercus. The new generative artificial intelligence platform is expected to help organisations int ...

DXC Technology (NYSE:DXC) stock is down on Friday following the release of the information technology company's earnings report for fiscal Q4 2024. Things aren't looking much better for the fiscal full year of 2025. DXC Technology's guidance has adjusted EPS coming in between $2.50 and $3 with revenue ranging from $12.67 billion to $12.95 billion. Yet again, this would miss analysts' estimates of $3.02 per share and $13.65 billion in revenue. We have all of the hottest stock market news investors need to kn ...

Quercus will help organizations adopt Generative AI to accelerate innovation and optimize business processes ASHBURN, Va., May 17, 2024 /PRNewswire/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, will work with Ferrovial (NASDAQ: FER), one of the world's leading infrastructure companies, and Microsoft to jointly develop the generative Artificial Intelligence (AI) platform Quercus. Quercus, which uses platform engineering principles as its foundations, will help orga ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File No.: 1-4850 DXC TECHNOLOGY COMPANY (Exact name of registrant as specified in its charter) (State or other jur ...

DXC Technology Company (NYSE:DXC) Q4 2024 Earnings Conference Call May 16, 2024 5:00 PM ET Company Participants John Sweeney - VP, IR Raul Fernandez - President and CEO Rob Del Bene - EVP and CFO Conference Call Participants Bryan Keane - Deutsche Bank Tien-Tsin Huang - JPMorgan Bryan Bergin - TD Cowen Paul Obrecht - Wolfe Research Jonathan Lee - Guggenheim Securities Spencer Anson - Susquehanna James Faucette - Morgan Stanley Bradley Clark - BMO Capital Markets Operator Hello, and welcome to the DXC Techno ...

View all Key Company Metrics for DXC Technology here>>> As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how DXC Technology performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: For the quarter ended March 2024, DXC Technology Company. (DXC) reported revenue of $3.39 billion, down 5.7% ...

DXC Technology Company. (DXC) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expec ...

Revenue Performance - Q4 FY24 revenue was $3.39 billion, down 5.7% YoY and 4.9% on an organic basis[4][6] - Revenue for Q4 2024 was $3.386 billion, a decrease from $3.591 billion in Q4 2023[32] - Full-year revenue for 2024 was $13.667 billion, down from $14.430 billion in 2023[32] - Total revenue growth for FY24 is projected at -5.3%, with organic revenue growth at -4.1%[47] - GBS organic revenue growth for FY24 is expected to be 1.4%, while GIS organic revenue growth is projected at -9.3%[47] - Fiscal year 2023 total revenue growth was -11.3%, with organic revenue growth at -2.7%[47] - GBS organic revenue growth for FY23 was 2.4%, while GIS organic revenue growth was -7.2%[47] - Foreign currency impact on total revenue growth for FY24 is projected at -0.7%[47] - Acquisition and divestitures contributed 1.9% to total revenue growth for FY24[47] Earnings and Profitability - Q4 FY24 diluted EPS was $(1.10), while non-GAAP diluted EPS was $0.97, above guidance[4][8] - Net loss for Q4 2024 was $200 million, compared to a net loss of $756 million in Q4 2023[32] - Full-year net income for 2024 was $91 million, a significant improvement from a net loss of $568 million in 2023[32] - Net income for FY24 was $86 million, compared to a net loss of $566 million in FY23[48] - Adjusted EBIT for FY24 was $1,016 million, slightly lower than FY23's $1,157 million[48] - EBIT margin for FY24 was 1.4%, a significant improvement from FY23's negative 5.7%[48] - Adjusted EBIT margin for FY24 was 7.4%, slightly lower than FY23's 8.0%[48] - Non-GAAP net income for Q1 2024 was $185 million, compared to a reported net loss of $195 million[43] - Non-GAAP diluted EPS for Q1 2024 was $0.97, compared to a reported diluted EPS of $(1.10)[43] - Non-GAAP net income for FY 2024 was $615 million, compared to a reported net income of $86 million[43] - Non-GAAP diluted EPS for FY 2024 was $3.13, compared to a reported diluted EPS of $0.46[43] - Non-GAAP net income attributable to DXC common stockholders was $233 million for Q1 2023, with a diluted EPS of $1.02[45] Cash Flow and Liquidity - Q4 FY24 free cash flow was $155 million, with full-year free cash flow reaching $756 million[4][13] - FY25 free cash flow is projected to be approximately $400 million[15] - Free cash flow is used to evaluate cash available for debt repayment, share repurchases, and business investments[29] - Net cash provided by operating activities for the twelve months ended March 31, 2024, was $1,361 million, compared to $1,415 million in the same period last year[35] - Net cash used in investing activities for the twelve months ended March 31, 2024, was $491 million, compared to $635 million in the same period last year[35] - Cash and cash equivalents decreased to $1.224 billion as of March 31, 2024, from $1.858 billion in 2023[34] Segment Performance - GBS segment revenue was $1.71 billion, down 2.2% YoY, with a segment profit margin of 13.3%[10] - GIS segment revenue was $1.67 billion, down 9.0% YoY, with a segment profit margin of 7.4%[11] - Cloud Infrastructure & ITO revenue was $1.19 billion, down 6.6% YoY[12] - GBS segment profit for the twelve months ended March 31, 2024, was $835 million, down from $912 million in the previous year[37] - GIS segment profit for the twelve months ended March 31, 2024, was $437 million, compared to $507 million in the prior year[37] - GBS segment profit margin for the twelve months ended March 31, 2024, was 12.2%, down from 13.1% in the prior year[37] - GIS segment profit margin for the twelve months ended March 31, 2024, was 6.4%, compared to 6.8% in the previous year[37] Restructuring and Costs - The company incurred $111 million in restructuring costs in fiscal 2024, down from $216 million in fiscal 2023[37] - Restructuring costs for Q1 2024 were $20 million[43] - Restructuring costs in FY24 were $111 million, down from $216 million in FY23[48] - Transaction, separation and integration-related costs in FY24 were $7 million, down from $16 million in FY23[48] Non-GAAP Measures - Non-GAAP measures include EBIT, adjusted EBIT, and non-GAAP diluted EPS to provide supplemental operating performance information[23] - Non-GAAP effective tax rate for Q1 2024 was 29.7%, compared to a reported effective tax rate of 36.9%[43] - Non-GAAP effective tax rate for FY 2024 was 34.0%, compared to a reported effective tax rate of 21.1%[43] - Effective tax rate for Q1 2023 was 34.8% on a GAAP basis and 23.1% on a non-GAAP basis[45] Pension and OPEB - Pension and OPEB actuarial and settlement losses for the twelve months ended March 31, 2024, were $445 million, significantly lower than the $1,431 million in the previous year[37] - Pension and OPEB actuarial and settlement gains for Q1 2024 were $445 million[43] - Pension and OPEB actuarial and settlement losses in FY24 were $445 million, significantly lower than FY23's $1,431 million[48] Share Repurchases and Investments - The company repurchased $898 million worth of common stock in fiscal 2024, up from $669 million in fiscal 2023[35] - The company reported a net gain of $115 million from the disposition of insignificant businesses and strategic investments in fiscal 2024[42] - Gains and losses on disposition of businesses in FY24 were a loss of $115 million, compared to a loss of $190 million in FY23[48] Balance Sheet and Liabilities - Total assets decreased to $13.871 billion in 2024 from $15.845 billion in 2023[34] - Total liabilities decreased to $10.805 billion in 2024 from $12.025 billion in 2023[34] - Interest expense in FY24 increased to $298 million from $200 million in FY23[48] - Amortization of acquired intangible assets in FY24 was $354 million, down from $402 million in FY23[48] - Amortization of acquired intangible assets for Q1 2024 was $88 million[43] Book-to-Bill Ratio - Q4 FY24 book-to-bill ratio was 0.94x, with a trailing twelve-month book-to-bill of 0.91x[4] Guidance and Projections - FY25 guidance projects organic revenue growth between (6.0)% and (4.0)%[15] - FY25 adjusted EBIT margin is expected to be between 6.0% and 7.0%[15] Weighted Average Shares - Weighted average common shares outstanding for diluted EPS in Q1 2024 was 183.47 million[43] - Weighted average common shares outstanding for diluted EPS in Q1 2023 was 227.58 million[45]