Camire Brings Leading-Edge Marketing, Communications Expertise ASHBURN, Va., June 3, 2024 /PRNewswire/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced Kaveri Camire has been named Senior Vice President and Chief Marketing Officer effective immediately, reporting directly to DXC President and Chief Executive Officer Raul Fernandez. Camire will oversee all aspects of DXC's marketing and communications, leading the company's global team to enhance strate ...

Customers can now implement SAP's S/4HANA in 1 year or less. ASHBURN, Va., May 31, 2024 /PRNewswire/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced its new DXC Fast RISE with SAP service, which enables customers to dramatically accelerate their S/4HANA projects and to realize the extensive value provided faster than ever before. DXC Fast RISE with SAP allows customers to complete SAP deployments in less than twelve months so that businesses can achie ...

Loading... Loading... The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the lat ...

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 ...

Financial Data and Key Metrics Changes - In Q4 of fiscal year 2024, total revenue declined by 5% on a constant currency basis, which was above expectations [2] - Adjusted EBIT margin was 8.4%, down 50 basis points year-over-year [2] - Non-GAAP EPS was $0.97, exceeding the guidance range [2] - Free cash flow for the quarter was $155 million, totaling $756 million for the full year, marking the third consecutive year of over $700 million in free cash flow [2][116] Business Line Data and Key Metrics Changes - In the insurance segment, organic revenue increased by 1% year-over-year, with the insurance software and services business growing by 4.5% in the quarter [136] - The GIS segment saw organic revenue decline by 9.3%, with margins declining by 40 basis points year-over-year [28] - Modern Workplace organic revenue declined in the mid-teens, impacted by a 30% drop in resale revenue, but had a strong book-to-bill performance of 1.29x due to large renewals [29] - GBS organic revenue performance was nearly flat year-to-year, with a profit margin of 13.3%, down 40 basis points year-over-year [98] Market Data and Key Metrics Changes - The insurance book-to-bill ratio was 0.8x, indicating variability in bookings based on large renewals [10] - The overall market environment remains challenging, with expectations for total company organic revenue to decline by 7% to 8% in the first quarter of fiscal 2025 [32] Company Strategy and Development Direction - The company is focusing on restructuring initiatives to enhance operational efficiency and profitability, particularly in GIS [25][104] - There is a strategic emphasis on increasing the mix of SaaS and recurring services within the insurance business [111] - The company aims to reduce debt levels significantly and minimize finance lease originations, impacting capital expenditures and free cash flow [57][138] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that while they met or exceeded expectations, there is a need for improvement in execution and operational efficiency [110] - The restructuring is expected to yield savings primarily in late fiscal 2025 and into fiscal 2026, with a focus on improving margins sustainably [120] - The company anticipates a challenging market environment but sees opportunities for improvement through better execution and operational excellence [172] Other Important Information - The company returned $138 million to shareholders through share repurchases, reducing the share count by over 30% since fiscal year 2022 [30] - Capital expenditures for the fourth quarter were $125 million, with lease originations at $21 million, reflecting a decline as a percentage of revenue [11] Q&A Session All Questions and Answers Question: How might the restructuring differ from previous efforts? - Management indicated that the current restructuring is a real reset aimed at establishing a solid foundation for profitable growth, unlike past efforts that did not fully integrate systems and processes [60] Question: Can you provide details on bookings versus plan? - Bookings were consistent with previous forecasts, with strong renewals in A&E contributing positively [63] Question: What are the levers for free cash flow sustainability amid pressures? - The company highlighted the impact of increased restructuring costs and the need to optimize working capital as key factors for maintaining free cash flow [38][65] Question: What is the outlook for the broader macro environment and client behavior? - Management noted that while discretionary spending has lightened, optimizing go-to-market and sales functions will be more critical than the macro environment [172] Question: Can you elaborate on the go-to-market strategy and sales process improvements? - The focus is on better pre-bid solutioning and timely staffing to avoid self-inflicted delivery issues, which will enhance conversion rates and overall performance [176]