Core Viewpoint - A class action securities lawsuit has been filed against DXC Technology, alleging securities fraud that affected investors between May 26, 2021, and May 16, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that DXC Technology misrepresented its "transformation journey" and its ability to integrate acquired companies and business systems [2]. - It is alleged that the company reduced costs by deferring restructuring and integration expenses rather than genuinely cutting them [2]. - Despite claims of successful integration and cost reduction, the defendants reportedly knew or recklessly disregarded that actual integration efforts were limited [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until October 1, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].

Core Viewpoint - A class action lawsuit has been filed against DXC Technology Company for alleged fraud-based violations of federal securities laws, with significant stock price declines noted during the class period from May 26, 2021, to May 16, 2024 [1] Company Overview - DXC Technology Company, founded in 2017, provides information technology services and solutions through two segments: "Global Business Services" and "Global Infrastructure Services" [4] - The company has expanded its capabilities and market reach through several acquisitions since its inception [4] Allegations and Misrepresentation - The lawsuit claims that DXC misrepresented the success of its "transformative journey" and its ability to integrate acquired companies, while simultaneously committing to reduce restructuring and integration costs [4] - It is alleged that the company knew that reducing TSI costs would limit integration efforts, contradicting its public statements about successful integration [4] Market Reactions and Stock Performance - The market reacted negatively to several disclosures, including a 17% drop in stock price on August 3, 2022, following a significant announcement [5] - Further declines occurred after the sudden departure of the CEO on December 2, 2022, and a major admission by the new CEO on May 16, 2024, leading to a 17% drop in stock price [5] Legal Representation - The law firm Barrack, Rodos & Bacine, with extensive experience in securities law class actions, is representing the investors in this case [6]

Charleston, South Carolina, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Poulin | Willey | Anastopoulo, LLC announces that a class action has been filed in the United States District Court for the Eastern District of Virginia on behalf of all persons and entities that purchased the common stock of DXC Technology Company ("DXC" or the "Company") (NYSE:DXC) between May 26, 2021 and May 16, 2024, both dates inclusive (the "Class Period"). DXC is an information technology ("IT") services and consulting company offering a ...

NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of DXC Technology Company (NYSE: DXC). Shareholders who purchased shares of DXC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/dxc-technology-loss-submission-form/?id=95128&from=3 CLASS PERIOD: May 26, 2021 ...

SAN DIEGO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired DXC Technology Company (NYSE: DXC) common stock between May 26, 2021 and May 16, 2024. DXC is an information technology ("IT") services and consulting company. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegatio ...

NEW YORK, Aug. 10, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of DXC Technology Company (NYSE: DXC) between May 26, 2021 and May 16, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 1, 2024. SO WHAT: If you purchased DXC common stock during the Class Per ...

NEW YORK, Aug. 9, 2024 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against DXC Technology Company ("DXC" or "the Company") (NYSE: DXC) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired DXC securities be ...

DXC Technology Company (DXC) shares gained 7% after market close on Aug 8, 2024, as it reported betterthan-expected results for the first quarter of fiscal 2025. The IT services and consulting company posted firstquarter non-GAAP earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 57 cents. The bottom line increased 17% from the prior-year quarter's earnings of 63 cents per share. The year-over-year improvement was primarily due to increased gross margin generated from the disciplined ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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.: 001-38033 DXC TECHNOLOGY COMPANY (Exact name of registrant as specified in its charter) Nevada 61-1800317 (S ...

DXC Technology Company (NYSE:DXC) Q1 2025 Earnings Conference Call August 9, 2024 5:00 PM ET Company Participants Roger Sachs - Vice President, Investor Relations Raul Fernandez - President and Chief Executive Officer Rob Del Bene - Chief Financial Officer Conference Call Participants Tien-tsin Huang - JPMorgan Zack Ajzenman - Cowen Jamie Friedman - Susquehanna Jason Kupferberg - Bank of America Jonathan Lee - Guggenheim Rod Bourgeois - DeepDive Equity Darrin Peller - Wolfe Research Operator Hello and welco ...