DXC Technology Company (NYSE:DXC) Q3 2023 Earnings Conference Call February 1, 2023 5:00 PM ET Company Participants John Sweeney – Head-Marketing and Investor Relations Mike Salvino – Chairman, President and Chief Executive Officer Ken Sharp – Executive Vice President and Chief Financial Officer Conference Call Participants Bryan Bergin – Cowen Ashwin Shirvaikar – Citi Bryan Keane – Deutsche Bank Darrin Peller – Wolfe Research Keith Bachman – BMO Jason Kupferberg – Bank of America Tien-Tsin Huang – JP Morga ...

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 December 31, 2022 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) (State or other ...

DXC Technology Company. (NYSE:DXC) Q2 2023 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants John Sweeney - Head of Marketing and Investor Relations Michael Salvino - Chairman, President and Chief Executive Officer Kenneth Sharp - Executive Vice President and Chief Financial Officer Conference Call Participants Zach Ajzenman - Cowen Ashwin Shirvaikar - Citi Lisa Ellis - MoffettNathanson Rob Bourgeois - DeepDive Tyler DuPont - Bank of America Operator Good day. My name is Savannah, an ...

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 September 30, 2022 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 61-18003 ...

Financial Data and Key Metrics Changes - Revenue for Q1 was $3.71 billion, representing a decline of 2.6% organically, with a book-to-bill ratio of 0.87 for the quarter [12][23] - Adjusted EBIT margin was 7%, and EPS was $0.75, with free cash flow at negative $12 million, an improvement from negative $304 million the previous year [13][24] - The trailing 12-month book-to-bill ratio is 1.06, with expectations to exceed 1 in Q2 [13][20] Business Line Data and Key Metrics Changes - Global Business Services (GBS) grew organically by 2.8%, marking five consecutive quarters of growth, while Global Infrastructure Services (GIS) saw a decline of 7.2% [16][30] - GBS now constitutes 47.4% of total revenue, an increase of 180 basis points [29] - Analytics and engineering within GBS experienced a strong organic growth of 15.7% [31] Market Data and Key Metrics Changes - The company faced a $1 billion headwind from foreign currency fluctuations, impacting revenue and margins significantly [28][39] - The demand for IT outsourcing (ITO) and Modern Workplace services remains strong, with customers seeking financially stable providers [20][48] Company Strategy and Development Direction - The company is focused on a transformation journey aimed at improving margins and customer relationships, with a target to eliminate $500 million in costs by year-end [11][17] - There is a disciplined approach to deal-making, prioritizing economically viable contracts from the outset [21][49] - The company aims to improve its governance and financial stability while enhancing its reputation in the industry [22][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for GBS services and the potential for margin improvement in the second half of the year [50][66] - The company acknowledges the challenges posed by foreign exchange rates and cost optimization efforts but remains optimistic about achieving long-term margin targets of 10% to 11% [39][60] Other Important Information - The company has returned $900 million to shareholders through stock repurchases, with plans to complete a $1 billion repurchase program [37] - Capital expenditures as a percentage of revenue decreased to 6.4% from 11.9% in the previous year [35] Q&A Session Summary Question: Demand and Client Conversations - Management noted no significant differences in demand between U.S. and international clients, with strong demand in GBS and GIS [46][50] Question: Free Cash Flow Projections - Management indicated that the reduction in free cash flow guidance was primarily due to margin impacts, with expectations for cash flow to build throughout the year [51][52] Question: Margin Shortfall in GBS - Management explained that the margin shortfall was due to investments in the global delivery network and the impact of foreign exchange rates [54][57] Question: Long-term Margin Targets - Management reiterated confidence in achieving long-term margin targets, emphasizing structural fixes and cost optimization efforts [59][61] Question: Turnaround Journey and Margin Trade-offs - Management acknowledged recent bumps in the turnaround journey but emphasized ongoing investments and a focus on revenue growth to achieve long-term margin targets [63][66] Question: Performance of Analytics and Engineering Business - Management highlighted strong performance in analytics and engineering, attributing it to effective data management and technology integration [70][72] Question: Application Business within GBS - Management expressed confidence in the application business, particularly in custom applications, and anticipated stabilization in growth [76][78] Question: GIS Performance and Future Outlook - Management indicated that improvements in the Modern Workplace segment would positively impact GIS performance moving forward [86]

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, 2022 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) Q4 2022 Results Conference Call May 25, 2022 5:00 PM ET Company Participants John Sweeney - VP, IR Mike Salvino - CEO Ken Sharp - CFO Conference Call Participants Ashwin Shirvaikar - Citi Bryan Bergin - Cowen Bryan Keane - Deutsche Bank Rod Bourgeois - DeepDive Brad Clark - BMO Lisa Ellis - MoffettNathanson Darrin Peller - Wolfe Research Jason Kupferberg - Bank of America Operator Ladies and gentlemen, thank you for standing by, and welcome to the DXC Technology's Fourth Qu ...

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, 2022 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) Nevada 61-1800317 ( ...

DXC Technology Company (NYSE:DXC) Q3 2022 Earnings Conference Call February 2, 2022 5:00 PM ET Company Participants John Sweeney - VP, IR Mike Salvino - CEO Ken Sharp - CFO Conference Call Participants Ashwin Shirvaikar - Citigroup Bryan Keane - Deutsche Bank Lisa Ellis - MoffettNathanson Zack Ajzenman - Cowen Tien-Tsin Huang - JPMorgan Jonathan Lee - Morgan Stanley James Friedman - Susquehanna Financial Group Rod Bourgeois - DeepDive Equity Research Operator Good evening. My name is David, and I'll be your ...

Financial Performance - Revenues for the three months ended December 31, 2021, were $4,089 million, a decrease of 4.6% from $4,288 million in the same period of 2020[9] - Net income for the three months ended December 31, 2021, was $102 million, down 90.7% from $1,103 million in the same period of 2020[9] - For the nine months ended December 31, 2021, total revenues were $12,257 million, down 8.1% from $13,344 million in the prior year[106] - Net income for the nine months ended December 31, 2021, was $197 million, a decrease of 70% compared to $658 million for the same period in 2020[16] - Income before income taxes for the three months ended December 31, 2021, was $166 million, a decrease from $1,978 million in the same period of 2020[161] - Income before income taxes for the nine months ended December 31, 2021, was $342 million, compared to $1,447 million for the same period in 2020[204] Earnings and Shareholder Returns - Basic earnings per share for the three months ended December 31, 2021, was $0.39, down from $4.32 in the same period of 2020[9] - Diluted earnings per share for the three months ended December 31, 2021, were $0.38, a significant decrease from $4.29 in the same period of 2020[204] - The total number of shares repurchased during the nine months ended December 31, 2021, was 10,617,767, at an average price of $34.15 per share, totaling $363 million[139] Assets and Liabilities - Total current assets decreased to $7,503 million as of December 31, 2021, from $8,208 million as of March 31, 2021, representing a decline of 8.6%[14] - Total liabilities decreased to $14,866 million as of December 31, 2021, from $16,730 million as of March 31, 2021, a reduction of 11.6%[14] - Total equity decreased to $5,087 million as of December 31, 2021, from $5,308 million as of March 31, 2021, a decline of 4.2%[14] - Cash and cash equivalents were $2,919 million as of December 31, 2021, slightly down from $2,968 million as of March 31, 2021[14] Restructuring and Costs - The company incurred restructuring costs of $36 million for the three months ended December 31, 2021, compared to $104 million in the same period of 2020[9] - Total restructuring costs for the nine months ended December 31, 2021, were $248 million, down from $441 million in the same period of 2020[111] - Share-based compensation expense increased to $77 million from $42 million year-over-year[16] Cash Flow and Financing Activities - Net cash provided by operating activities increased significantly to $1,230 million from $404 million year-over-year[16] - The company reported a net cash used in financing activities of $1,460 million, a reduction from $4,671 million in the previous year[16] - Cash payments for income taxes for the nine months ended December 31, 2021, were $326 million, compared to $159 million for the same period in 2020[151] Tax and Legal Matters - The effective tax rate (ETR) for the three months ended December 31, 2021, was 38.6%, down from 44.2% for the same period in 2020[128] - The company recorded a tax indemnification receivable of $34 million related to uncertain tax positions and $68 million related to other tax payables in connection with the HPES Merger[130] - The IRS has examined the company's federal income tax returns from fiscal 2008 through the tax year ended October 31, 2018, with potential federal and state tax expense of $456 million if the company does not prevail in ongoing disputes[133] Segment Performance - Segment profit for Global Business Services (GBS) was $315 million for the three months ended December 31, 2021, up from $273 million in the same period of 2020, representing an increase of about 15.4%[157] - Total profit for reportable segments increased to $417 million for the three months ended December 31, 2021, compared to $361 million for the same period in 2020, representing a growth of 15.5%[161] Other Comprehensive Income - Comprehensive income for the three months ended December 31, 2021, was $200 million, down from $1,259 million in the same period of 2020[11] - The balance of accumulated other comprehensive income (loss) at December 31, 2021, was $(385) million, reflecting foreign currency translation adjustments and pension benefits[141]