Financial Data and Key Metrics Changes - Total revenue for the fourth quarter was $3.2 billion, a decline of 4.2% year-over-year on an organic basis, slightly above expectations [15] - Adjusted EBIT margin was 7.3%, down 110 basis points year-over-year, but also slightly above expectations [16] - Non-GAAP EPS was $0.84, down from $0.97 in the fourth quarter of the previous year, driven by lower adjusted EBIT [17] - Full year bookings increased by 7% year-over-year, with a book-to-bill ratio of 1.28 in the second half of the year [21][22] - Non-GAAP diluted EPS for the full year was $3.43, up 11% year-over-year, primarily driven by a lower share count and higher adjusted EBIT [23] Business Line Data and Key Metrics Changes - GBS, representing 51% of total revenue, declined 2.4% year-over-year organically, with a profit margin decrease to 10.9% [17] - GIS, representing 49% of total revenue, declined 6% year-over-year organically, with fourth quarter bookings growing 33% year-over-year [20] - Consulting and Engineering Services (CES) saw a 3.9% decline in organic revenue year-over-year, but bookings were up 9% year-over-year [19] Market Data and Key Metrics Changes - The pipeline for consumer industries and retail has dropped, particularly in project-based services, while banking, capital markets, manufacturing, and public sector remain robust [32][33] - The insurance business grew at mid-single-digit rates through the first three quarters, with confidence in continued performance [19] Company Strategy and Development Direction - The company is focused on achieving sustainable profitable revenue growth, with a strong emphasis on rebuilding operational capabilities and leadership stability [5][6] - Investments are being made in sales and marketing to enhance capabilities and drive growth [89] - The company plans to restart its share repurchase program, indicating confidence in future performance [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate economic uncertainties and emphasized the importance of a strong pipeline and execution capabilities [27][55] - The impact of AI is seen as a significant opportunity, with increasing spending expected from clients [9][44] - Management acknowledged the challenges in converting bookings to revenue due to longer contract durations but remains optimistic about future growth [51][74] Other Important Information - The company will report financial results under a new segment structure starting in the first quarter of fiscal 2026, which includes Insurance Services and Software, Consulting and Engineering Services, and GIS [28][80] - Total cash on the balance sheet increased by approximately $570 million year-over-year to $1.8 billion, driven by free cash flow generation [25] Q&A Session Summary Question: Demand and Industry Dynamics - Management noted good progress in large deals but identified softness in project-based services within consumer industries and retail [32][33] Question: Free Cash Flow Guidance - The $600 million target for free cash flow in fiscal 2026 is based on fiscal 2025 results adjusted for EBIT guidance and increased restructuring spending [34] Question: Macroeconomic Outlook - The guidance for fiscal 2026 reflects uncertainty, with room for potential deterioration in conditions [38] Question: Pricing Environment - The pricing environment has been stable, with improvements noted in mega deals and project-based services [39] Question: Gen AI Spending - Gen AI spending has been primarily in smaller pilot projects, with significant potential for growth as companies assess their readiness [43][44] Question: Revenue Growth Conditions - Management emphasized the importance of a qualified pipeline and execution capabilities for future revenue growth [52][55] Question: Carnival Cruise Line Deal - The company won the Carnival deal based on capability rather than price, highlighting its proven partnership and technical foundation [58] Question: Cross-Selling Opportunities - Client engagement forums have been initiated to enhance understanding of DXC's offerings, leading to increased demand for GBS from GIS clients [64] Question: Investment Plans - The company is focusing on replicable capabilities and internal optimization to drive growth, with significant investments planned in sales and marketing [89]

Financial Data and Key Metrics Changes - Total revenue for the fourth quarter was $3.2 billion, a decline of 4.2% year-over-year on an organic basis, slightly above expectations [15] - Adjusted EBIT margin was 7.3%, down 110 basis points year-over-year, but slightly above expectations [16] - Non-GAAP EPS was $0.84, down from $0.97 in the fourth quarter of the previous year, driven by lower adjusted EBIT [17] - Full year bookings increased by 7% year-over-year, with a book-to-bill ratio of 1.28 in the second half of the year [21][22] - Non-GAAP diluted EPS for the full year was $3.43, up 11% year-over-year, primarily driven by a lower share count and higher adjusted EBIT [23] Business Line Data and Key Metrics Changes - GBS, representing 51% of total revenue, declined 2.4% year-over-year organically, with a profit margin decrease to 10.9% [17] - GIS, representing 49% of total revenue, declined 6% year-over-year organically, with fourth quarter bookings growing 33% year-over-year [20] - Consulting and Engineering Services (CES) saw bookings up 9% year-over-year, with a book-to-bill ratio of 1.22 [18] Market Data and Key Metrics Changes - The pipeline in consumer industries and retail has dropped, particularly in project-based services, while banking, capital markets, manufacturing, public sector, and insurance remain robust [32][33] - The insurance business grew at mid-single-digit rates through the first three quarters, with confidence in maintaining this growth rate for fiscal 2026 [19] Company Strategy and Development Direction - The company is focused on achieving sustainable profitable revenue growth and reversing eight consecutive years of revenue decline [5] - Investments are being made in sales and marketing to improve capabilities and drive growth [90] - The company plans to restart its share repurchase program, underscoring its commitment to delivering long-term value to shareholders [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, highlighting the importance of leadership stability and the recruitment of new talent [6][7] - The impact of AI is beginning to accelerate within the client base, with increasing AI spending year-over-year [9] - Fiscal 2026 is expected to be a year of continued disciplined execution to sharpen operations and drive efficiencies despite near-term uncertainties [13] Other Important Information - The company will report financial results under a new segment structure starting in the first quarter of fiscal 2026, which includes Insurance Services and Software, Consulting and Engineering Services, and GIS [28] - Total cash on the balance sheet increased by approximately $570 million year-over-year to $1.8 billion, driven by free cash flow generation and asset sale proceeds [25] Q&A Session Summary Question: Demand and Industry Insights - Management noted good progress in large deals, but some softness in project-based services in consumer industries and retail [32][33] Question: Free Cash Flow Guidance - The $600 million target for free cash flow in fiscal 2026 is based on fiscal 2025 results adjusted for after-tax EBIT guidance and increased restructuring spending [34] Question: Macroeconomic Outlook - The guidance for fiscal 2026 accounts for uncertainty, with a wider range provided for the first quarter to reflect potential conditions [39] Question: Pricing Environment - The pricing environment has been stable, with improvements noted in mega deals and project-based services [40] Question: Gen AI Spending - Gen AI spending has been increasing, primarily in smaller pilot projects, with significant potential for future growth [43][45] Question: Revenue Growth Conditions - Management emphasized the importance of a qualified pipeline and effective execution to achieve revenue growth [52][54] Question: Investment Plans - The company is focusing on replicable capabilities and investing in sales and marketing to drive positive growth [89][90]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $3.2 billion, a decline of 4.2% year-over-year on an organic basis [16] - Adjusted EBIT margin was 7.3%, down 110 basis points year-over-year [17] - Non-GAAP EPS was $0.84, down from $0.97 in the same quarter last year [18] - Full year total revenue was $12.9 billion, down 4.6% year-over-year on an organic basis [24] - Non-GAAP diluted EPS for the full year was $3.43, up 11% year-over-year [24] Business Line Data and Key Metrics Changes - GBS (Global Business Services) revenue, which represents 51% of total revenue, declined 2.4% year-over-year organically [19] - GIS (Global Infrastructure Services) revenue, representing 49% of total revenue, declined 6% year-over-year organically [22] - Within GBS, consulting and engineering services saw bookings up 9% year-over-year with a book-to-bill ratio of 1.22 [20] - Insurance Services and Software business grew 1% year-over-year organically, while BPS (Business Process Services) organic revenue grew 2.7% year-over-year [21] Market Data and Key Metrics Changes - Bookings increased by more than 20% year-over-year, resulting in a book-to-bill ratio of 1.2 for Q4 [5] - The second half of the year saw a bookings growth rate of 24% [5] - The pipeline in consumer industries and retail has dropped, particularly in project-based services [34] Company Strategy and Development Direction - The company is focused on achieving sustainable profitable revenue growth and reversing eight consecutive years of revenue decline [5] - Investments are being made in sales capabilities and marketing to deepen customer relationships and expand the pipeline [7] - The company plans to restart its share repurchase program, indicating confidence in future growth [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate economic uncertainties and emphasized the importance of operational discipline [14] - The impact of AI is seen as a significant opportunity for growth, with increasing spending from clients [10] - Management noted that while there are challenges in certain sectors, overall demand remains strong in banking, capital markets, and insurance [35] Other Important Information - The company will report financial results under a new segment structure starting in Q1 2026, which includes Insurance Services and Software, Consulting and Engineering Services, and GIS [30] - The company generated $687 million of free cash flow for the fiscal year, driven by better working capital management [25] Q&A Session Summary Question: Demand trends and industry impacts - Management noted good progress in large contracts but identified softness in consumer industries and retail [34][35] Question: Free cash flow guidance - The $600 million target for free cash flow was explained as adjusted for after-tax EBIT guidance and increased restructuring spending [36] Question: Macroeconomic outlook for revenue guidance - Management indicated that the guidance accounts for uncertainty and potential economic deterioration [40] Question: Pricing environment - The pricing environment has been stable, with improvements noted in mega deals [41] Question: Gen AI spending and project growth - Management highlighted that Gen AI spending has been primarily in smaller pilot projects, with significant potential for growth [45][46] Question: Revenue growth conditions - Management emphasized the importance of a qualified pipeline and execution capabilities for future growth [55][56] Question: Insurance segment reporting - The company will break out insurance as a separate segment starting in 2026, reflecting internal management structures [83] Question: Investment priorities - Investments will focus on replicable capabilities and sales and marketing to drive growth [92][94]

Q4 Fiscal Year 2025 Performance - The company's organic revenue growth decreased by 4.2% year-over-year[20] - Adjusted EBIT margin was 7.3%, a decrease of 110 basis points year-over-year[21] - Adjusted EPS was $0.84, a decrease of 13.4% year-over-year[22] GBS and GIS Results - GBS revenue was $1.63 billion, with a year-over-year organic revenue decrease of 2.4% and a book-to-bill ratio of 1.16x[23, 27] - GIS revenue was $1.539 billion, with a year-over-year organic revenue decrease of 6.0% and a book-to-bill ratio of 1.28x[29] Free Cash Flow and Balance Sheet - Free cash flow less lease originations was $185 million[35] - Total debt was $3.9 billion, a decrease of $213 million year-over-year[40] - Cash was $1.8 billion, an increase of $572 million year-over-year[40] - Net debt was $2.1 billion, a decrease of $785 million year-over-year[41] Fiscal Year 2026 Guidance - Full fiscal year 2026 organic revenue growth is projected to be between -3.0% and -5.0%[42] - Full fiscal year 2026 adjusted EBIT margin is projected to be between 7.0% and 8.0%[42] - Full fiscal year 2026 non-GAAP diluted EPS is projected to be between $2.75 and $3.25[42] - Full fiscal year 2026 free cash flow is projected to be approximately $600 million[42]

[Fiscal 2025 Performance Overview](index=1&type=section&id=Fiscal%202025%20Performance%20Overview) DXC Technology reported a decline in both Q4 and full-year FY2025 revenue, yet achieved bookings growth exceeding 20% and a 1.03x book-to-bill ratio for the full year - CEO Raul Fernandez highlighted continued progress towards sustained, profitable revenue growth, citing **bookings growth of over 20%** for the second consecutive quarter and a **book-to-bill ratio greater than 1**[4](index=4&type=chunk) [Fourth Quarter (Q4) FY2025 Financial Highlights](index=1&type=section&id=Fourth%20Quarter%20%28Q4%29%20FY2025%20Financial%20Highlights) Q4 FY25 revenue decreased 6.4% to $3.17 billion, with GAAP diluted EPS at $1.43 and a strong 1.22x book-to-bill ratio Q4 FY2025 Key Financial Metrics | Metric | Q4 FY2025 | YoY Change | Organic Revenue Change | | :--- | :--- | :--- | :--- | | Total Revenue | $3.17 billion | -6.4% | -4.2% | | Adjusted EBIT Margin | 7.3% | - | - | | Diluted EPS (GAAP) | $1.43 | vs. ($1.10) in Q4 FY24 | - | | Diluted EPS (Non-GAAP) | $0.84 | -13.4% | - | | Book-to-Bill Ratio | 1.22x | vs. 0.94x in Q4 FY24 | - | | Free Cash Flow | $111 million | vs. $155 million in Q4 FY24 | - | [Full Year (FY) FY2025 Financial Highlights](index=2&type=section&id=Full%20Year%20%28FY%29%20FY2025%20Financial%20Highlights) Full-year FY2025 revenue was $12.87 billion, down 5.8%, with GAAP diluted EPS significantly up to $2.10 and a 1.03x book-to-bill ratio Full Year FY2025 Key Financial Metrics | Metric | FY2025 | YoY Change | Organic Revenue Change | | :--- | :--- | :--- | :--- | | Total Revenue | $12.87 billion | -5.8% | -4.6% | | Adjusted EBIT Margin | 7.9% | +1.0% (vs. FY24) | - | | Diluted EPS (GAAP) | $2.10 | +356.5% | - | | Diluted EPS (Non-GAAP) | $3.43 | +10.6% | - | | Book-to-Bill Ratio | 1.03x | vs. 0.91x in FY24 | - | | Free Cash Flow | $687 million | vs. $756 million in FY24 | - | [Segment Performance FY2025](index=2&type=section&id=Segment%20Performance%20FY2025) GBS revenue declined 2.6% to $6.65 billion with a 12.0% margin, while GIS revenue fell 9.1% to $6.23 billion with a 7.2% margin, both achieving a 1.03x book-to-bill ratio GBS Full Year FY2025 Performance | Metric | FY2025 | YoY Change | Organic Revenue Change | | :--- | :--- | :--- | :--- | | Revenue | $6.65 billion | -2.6% | -1.0% | | Segment Profit | $797 million | -4.6% | - | | Segment Profit Margin | 12.0% | - | - | | Book-to-Bill Ratio | 1.03x | vs. 0.96x in FY24 | - | GIS Full Year FY2025 Performance | Metric | FY2025 | YoY Change | Organic Revenue Change | | :--- | :--- | :--- | :--- | | Revenue | $6.23 billion | -9.1% | -8.2% | | Segment Profit | $451 million | +4.2% | - | | Segment Profit Margin | 7.2% | - | - | | Book-to-Bill Ratio | 1.03x | vs. 0.86x in FY24 | - | [Financial Outlook](index=2&type=section&id=Financial%20Outlook) DXC projects continued organic revenue declines for Q1 and full-year FY2026, with full-year guidance including a 3.0-5.0% organic decline, 7.0-8.0% adjusted EBIT margin, and $600 million free cash flow [First Quarter (Q1) FY2026 Guidance](index=2&type=section&id=First%20Quarter%20%28Q1%29%20FY2026%20Guidance) Q1 FY2026 guidance anticipates total revenue of $3.04-$3.09 billion, an organic decline of 4.0-5.5%, adjusted EBIT margin of 6.0-7.0%, and non-GAAP diluted EPS of $0.55-$0.65 Q1 FY2026 Guidance | Metric | Guidance Range | | :--- | :--- | | Total Revenue | $3.04B - $3.09B | | Organic Revenue Decline (YoY) | (5.5)% to (4.0)% | | Adjusted EBIT Margin | 6.0% to 7.0% | | Non-GAAP Diluted EPS | $0.55 to $0.65 | [Full Year (FY) FY2026 Guidance](index=2&type=section&id=Full%20Year%20%28FY%29%20FY2026%20Guidance) Full-year FY2026 guidance projects total revenue of $12.18-$12.44 billion, an organic decline of 3.0-5.0%, adjusted EBIT margin of 7.0-8.0%, non-GAAP diluted EPS of $2.75-$3.25, and approximately $600 million free cash flow Full Year FY2026 Guidance | Metric | Guidance Range | | :--- | :--- | | Total Revenue | $12.18B - $12.44B | | Organic Revenue Decline (YoY) | (5.0)% to (3.0)% | | Adjusted EBIT Margin | 7.0% to 8.0% | | Non-GAAP Diluted EPS | $2.75 to $3.25 | | Free Cash Flow | ~$600 million | [Consolidated Financial Statements (Preliminary and Unaudited)](index=7&type=section&id=Consolidated%20Financial%20Statements%20%28Preliminary%20and%20Unaudited%29) Preliminary FY2025 consolidated statements show total revenues of $12.87 billion, net income of $389 million, increased cash, and reduced total assets and liabilities [Statements of Operations](index=7&type=section&id=Statements%20of%20Operations) FY2025 revenues were $12.87 billion, with income before taxes rising to $630 million and net income attributable to DXC increasing to $389 million, resulting in diluted EPS of $2.10 Fiscal Year Statement of Operations Highlights (in millions, except EPS) | Metric | FY2025 | FY2024 | | :--- | :--- | :--- | | Revenues | $12,871 | $13,667 | | Income before income taxes | $630 | $109 | | Net income attributable to DXC | $389 | $91 | | Diluted EPS | $2.10 | $0.46 | [Balance Sheet](index=8&type=section&id=Balance%20Sheet) As of March 31, 2025, total assets were $13.21 billion, cash and equivalents increased to $1.80 billion, total liabilities decreased to $9.72 billion, and total equity rose to $3.49 billion Balance Sheet Highlights (in millions) | Metric | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $1,796 | $1,224 | | Total Assets | $13,205 | $13,871 | | Total Liabilities | $9,715 | $10,805 | | Total Equity | $3,490 | $3,066 | [Statements of Cash Flows](index=9&type=section&id=Statements%20of%20Cash%20Flows) FY2025 net cash from operations was $1.40 billion, with net cash used in investing at $512 million and financing at $317 million, leading to a $572 million net increase in cash Fiscal Year Cash Flow Highlights (in millions) | Metric | FY2025 | FY2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,398 | $1,361 | | Net cash used in investing activities | ($512) | ($491) | | Net cash used in financing activities | ($317) | ($1,487) | | Net increase (decrease) in cash | $572 | ($634) | [Supplemental Financial Information](index=10&type=section&id=Supplemental%20Financial%20Information) This section details non-GAAP reconciliations, segment profit, organic revenue growth, EBIT to Adjusted EBIT, and revenue by offering, showing FY2025 Adjusted EBIT of $1.019 billion and a 4.6% organic revenue decline [Segment Profit](index=10&type=section&id=Segment%20Profit) For FY2025, GBS segment profit was $797 million (12.0% margin) and GIS segment profit was $451 million (7.2% margin), with reconciliation to GAAP income before taxes - Segment profit is defined as segment revenues less costs of services, SG&A, and depreciation & amortization. Certain corporate-level costs like stock-based compensation, restructuring, and amortization of acquired intangibles are not allocated to the segments[29](index=29&type=chunk) Segment Profit Summary (in millions) | Segment | FY2025 Profit | FY2024 Profit | FY2025 Margin | FY2024 Margin | | :--- | :--- | :--- | :--- | :--- | | GBS | $797 | $835 | 12.0% | 12.2% | | GIS | $451 | $433 | 7.2% | 6.3% | [Reconciliation of Non-GAAP Financial Measures](index=11&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) Detailed reconciliations show FY2025 GAAP net income of $389 million adjusted to $634 million non-GAAP net income, resulting in GAAP diluted EPS of $2.10 and non-GAAP diluted EPS of $3.43 - Key non-GAAP adjustments include **restructuring costs**, **amortization of acquired intangible assets**, **pension actuarial gains/losses**, and **gains/losses on dispositions**[33](index=33&type=chunk) FY2025 GAAP to Non-GAAP EPS Reconciliation | Metric | Amount ($) | | :--- | :--- | | **As Reported Diluted EPS (GAAP)** | **$2.10** | | Restructuring Costs | $0.65 | | Amortization of Acquired Intangible Assets | $1.47 | | Pension and OPEB Actuarial and Settlement Gains | ($0.89) | | Other Adjustments (net) | $0.10 | | **Non-GAAP Diluted EPS** | **$3.43** | [Year-over-Year Organic Revenue Growth](index=14&type=section&id=Year-over-Year%20Organic%20Revenue%20Growth) FY2025 total organic revenue declined 4.6%, with GBS organic revenue declining 1.0% and GIS organic revenue decline moderating to 8.2% Organic Revenue Growth Comparison | Segment | FY2025 | FY2024 | | :--- | :--- | :--- | | Total Organic Revenue Growth | (4.6)% | (4.1)% | | GBS Organic Revenue Growth | (1.0)% | 1.4% | | GIS Organic Revenue Growth | (8.2)% | (9.3)% | [EBIT and Adjusted EBIT](index=15&type=section&id=EBIT%20and%20Adjusted%20EBIT) FY2025 EBIT significantly improved to $696 million (5.4% margin), with Adjusted EBIT reaching $1.019 billion (7.9% margin) EBIT and Adjusted EBIT Comparison (in millions) | Metric | FY2025 | FY2024 | | :--- | :--- | :--- | | EBIT | $696 | $193 | | EBIT Margin | 5.4% | 1.4% | | Adjusted EBIT | $1,019 | $1,009 | | Adjusted EBIT Margin | 7.9% | 7.4% | [Offerings Details](index=16&type=section&id=Offerings%20Details) Q4 FY25 revenue by offering shows Consulting & Engineering Services as the largest contributor at $1.237 billion, followed by Cloud, ITO & Security at $1.180 billion Q4 FY25 Revenue by Offering (in millions) | Offering | Q4 FY25 Revenue | | :--- | :--- | | Consulting & Engineering Services | $1,237 | | Cloud, ITO & Security | $1,180 | | Insurance Software & BPS | $393 | | Modern Workplace | $359 | | **Subtotal** | **$3,169** | [Other Information](index=3&type=section&id=Other%20Information) This section provides corporate overview, forward-looking statements, and explanations of non-GAAP measures used to clarify core operating performance for investors - DXC Technology uses non-GAAP measures such as **EBIT**, **adjusted EBIT**, **organic revenue**, and **free cash flow** to provide investors with supplemental information, excluding items like amortization of acquired intangibles and restructuring costs to better reflect core operating performance[17](index=17&type=chunk)[18](index=18&type=chunk)[22](index=22&type=chunk) - The report contains forward-looking statements regarding future performance, which are subject to numerous risks and uncertainties, including the inability to succeed in strategic objectives, security breaches, and adverse macroeconomic conditions[15](index=15&type=chunk)

Core Insights - DXC Technology has launched DXC Complete with SAP and Microsoft to facilitate modernization for SAP customers, providing a streamlined approach to adopting RISE with SAP and GROW with SAP journeys on Microsoft Azure [1][2][3] - The offering includes flexible pricing models and a single contract, enabling enterprises to optimize operations and achieve sustainable growth through transformation to SAP S/4HANA Cloud [1][3] Company Overview - DXC Technology is recognized as a leading global technology services provider, helping businesses modernize IT and optimize data architectures while ensuring security and scalability across various cloud environments [7] - The company has a global team of over 50,000 engineers and consultants, delivering tailored SAP solutions that address industry-specific challenges and drive measurable results [6] Collaboration Highlights - The collaboration between DXC, SAP, and Microsoft aims to simplify technology landscapes, reduce technical debt, and accelerate innovation for clients [2][3] - Microsoft Azure integration with SAP Business AI enhances intelligent automation, predictive insights, and streamlined processes, creating a more connected enterprise [6] Awards and Recognition - DXC Technology has been named a 2025 SAP Pinnacle Awards Winner in the "Partner Learning and Skills Growth" category, highlighting its excellence in co-innovation and customer success [4]

ASHBURN, Va., May 6, 2025 /PRNewswire/ - DXC Technology, a leading Fortune 500 global technology services provider, today announced that its suite of DXC Assure SaaS insurance solutions is now available in AWS Marketplace, a digital catalog that helps you find, buy, deploy, and manage software, data products, and professional services from thousands of vendors. The availability of DXC Assure SaaS insurance solutions in AWS Marketplace streamlines the purchase and management of DXC solutions for AWS customer ...

Management Changes - OPPO's China President Liu Bo has resigned to participate in an executive training program, with Senior Vice President Duan Yaohui taking over responsibilities for the Chinese market [2][4] - Zhao Ming has stepped down as Chairman of Beijing Honor Terminal Co., Ltd. and Xi'an Honor Terminal Co., Ltd., with Fang Fei and Liu Yang taking over the roles respectively [5] - Lei Jun has transitioned from Executive Director to Director at Xiaomi Home Business Co., Ltd., with new business areas added [6] - Xiaomi's CMO Xu Fei has been appointed as the General Manager of the International Market Department [7] - Ant Group's OceanBase has appointed CTO Yang Chuanhui as the head of AI strategy [8] - Zhongyou Technology has appointed Wang Chunye as Co-CEO, effective April 9, 2025 [9] - Apple VP Mark Rogers, responsible for enterprise sales and Western European markets, plans to leave the company after 27 years [10] - Apple is adjusting the responsibilities of AI head John Giannandrea, who will no longer manage the robotics department [11] - Apple has restructured its global affairs and music departments, including changes in leadership [12] - Intel's new CEO Pat Gelsinger is streamlining the leadership team, promoting Sachin Katti to CTO and AI head [13] - Meta Platforms is expanding its board to 15 members with the addition of Dina Powell McCormick and Patrick Collison [14] - OpenAI CEO Sam Altman is resigning from the chairmanship of Oklo to avoid conflicts of interest [15] - NXP has announced the retirement of CEO Kurt Sievers, with Rafael Sotomayor set to take over [16] - Discord has appointed former Activision Blizzard executive Humam Sakhnini as CEO [17] - Warner Music Group has appointed Armin Zerza as CFO, effective May 5 [20] - Quantum Computing Inc. CEO William McGann has expressed intent to resign, with Yuping Huang appointed as interim CEO [21] - DXC Technology has appointed William Pieroni as the global leader for insurance software and business process services [24]

Core Insights - DXC Technology has been recognized as a leader in the ISG Provider Lens™ study for Mainframes – Services and Solutions, excelling in all categories in Europe and the United States [1][2] Group 1: Company Recognition - ISG highlighted DXC's strengths in driving business outcomes and integrating GenAI capabilities for optimization and modernization [2] - The recognition reflects DXC's commitment to transforming mainframe systems into agile, future-ready systems [3] Group 2: Service Capabilities - DXC manages over 1.1 million managed mainframe MIPs and executes 10 million automation and AI transactions daily [3] - The company completes 47,000 workload migrations to the cloud annually, showcasing its extensive capabilities in mainframe optimization [3] Group 3: Strategic Focus - DXC emphasizes the importance of its 1,800+ mainframe experts and the investment in its Mainframe Center of Excellence [3] - The company aims to help enterprises modernize and protect their mission-critical infrastructure through its Managed Mainframe Services [3]

Core Insights - DXC Technology has been recognized as a top provider in Everest Group's "Individual Life Insurance Core Technology Products PEAK Matrix® Assessment 2025: North America," highlighting its leadership in modernizing insurance operations to enhance customer experience and reduce costs [1][2] - The report emphasizes DXC's flexible software-as-a-service models as a key differentiator, serving over 1,000 insurance clients and processing more than one billion policies, which accounts for 10% of global premiums [2][5] - DXC's Assure suite, including the cloud-native Assure Life+ offering, supports product deployment across various life, annuity, and savings products, showcasing its commitment to innovation and operational excellence [5][3] Industry Position - The PEAK Matrix® framework evaluates technology providers based on market impact, vision, and capability, with DXC being recognized as a leader among 14 evaluated providers [4] - DXC has over 40 years of experience in the insurance industry, with 21 of the world's top 25 insurers relying on its solutions to address critical business challenges [5] - The company is trusted by 80% of insurers in Fortune's Global 500, indicating its strong position in helping insurance companies navigate disruptions and achieve operational excellence [5][7]