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DXC Technology Company (NYSE: DXC) stands as a leading independent IT services provider, offering a comprehensive range of end-to-end services to clients worldwide. Formed through the merger of CSC and the Enterprise Services business of Hewlett Packard Enterprise, DXC boasts a 60-year legacy of excellence in IT solutions, managing to generate annual revenues of $25 billion.
Headquartered in Ashburn, Virginia, DXC operates across more than 70 countries, making an impact with its diverse and global talent pool. The company's offerings span two key segments: Global Business Services (GBS) and Global Infrastructure Services (GIS), with the latter contributing the most to DXC's revenue. The GIS segment focuses on modern workplace solutions, IT outsourcing, cloud services, and robust security measures.
DXC's recent achievements include obtaining the Science Based Targets initiative (SBTi) approval for its near-term emissions reduction targets, underscoring its commitment to sustainable business practices. The company's pledge to sustainability has also been recognized with the EcoVadis Gold Medal for three consecutive years and a spot on USA Today's list of America's Climate Leaders for 2023.
Strategic partnerships are a cornerstone of DXC's business model. Notable collaborations include a recent alliance with CyCognito to enhance its cybersecurity services and a joint venture with Ferrovial and Microsoft to develop the generative AI platform Quercus. These partnerships are pivotal in driving innovation and providing cutting-edge solutions to clients globally.
DXC's financial health is solid, supported by a diversified revenue stream and a strong presence in the European market. The company continues to innovate with offerings like the new DXC Fast RISE with SAP service, which accelerates SAP S/4HANA projects, enabling faster time-to-value for customers. This service showcases DXC's ability to streamline IT processes and reduce the total cost of ownership for businesses.
As a trusted partner for the world's largest companies and public sector organizations, DXC excels in modernizing IT infrastructure, optimizing data architectures, and ensuring security and scalability across various cloud environments. The company remains dedicated to delivering top-tier performance, enhancing customer experiences, and driving competitive advantage for its clients.
DXC Technology announced the retirement of Ian Read from its Board of Directors, effective July 26, 2022. Mike Salvino, the current president and CEO, will take on the role of board chairman, while David Herzog has been appointed as the lead independent director. Salvino praised Read for his leadership during DXC's Transformation Journey, enhancing the company's position. Herzog will reduce his other board commitments to focus on his new role at DXC. These leadership changes are aimed at continuing to drive value for shareholders.
DXC Technology (NYSE: DXC) will announce its financial results for the fourth quarter and the full fiscal year 2022 on May 25, 2022, at approximately 4:15 p.m. EDT. A conference call and webcast will follow at 5:00 p.m. EDT. Domestic callers can dial 888-330-2455 while international participants should call +1-240-789-2717, using passcode 4164760. The conference call replay will be available until June 1, 2022.
Details can be accessed via the Investor Relations website of DXC Technology.
MRW, a top provider of urgent transport services in Spain, has entered a five-year contract with DXC Technology to modernize its IT systems using hybrid cloud technologies. This transformation aims to enhance the speed and agility of MRW's delivery services while bolstering cybersecurity protections for 70 million shipments annually. The deployment will leverage Kubernetes containers for improved application management and a cost-effective pay-per-use model. The collaboration will also establish an immutable backup system to safeguard against ransomware attacks.
DXC Technology (NYSE: DXC) announced the appointment of Carrie W. Teffner to its Board of Directors, effective April 20, 2022. She will also serve on the Audit Committee. Teffner is recognized for her extensive experience in strategic financial management, having previously held significant roles in well-known firms such as Crocs and PetSmart. Chairman Ian Read emphasized her tracking record as a vital asset in shaping DXC's future and supporting CEO Mike Salvino in executing the company's transformation journey.
DXC Technology (NYSE: DXC) has been recognized as a Leader in the Everest Group's 2022 PEAK Matrix® for Life and Pensions Insurance Business Process Services. This acknowledgment emphasizes DXC's commitment to the life and pensions sector, particularly through its strategic focus on business process services and innovative platforms like DXC Assure for Life and Wealth. The company has strengthened its North American presence and demonstrated its capability in handling various insurance blocks. DXC has held the Leader position for seven consecutive years, reflecting its sustained excellence in the market.
DXC Technology (NYSE: DXC) has committed to setting near-term company-wide emission reductions aligned with the Science Based Targets initiative (SBTi). The company aims for a 55% reduction in greenhouse gas emissions by 2025 from its fiscal year 2019 baseline, pending SBTi approval. Joining over 2,000 global firms, DXC emphasizes its sustainable practices, including renewable energy use and waste reduction. COO Chris Drumgoole stated this commitment is an investment in the future and part of DXC's transition to a virtual-first company with a focus on employee flexibility and sustainability.
DXC Technology has secured a
DXC Technology (NYSE:DXC) partners with GEFA BANK for a significant digital transformation initiative— the 'G-Rocket' program. This will involve migrating GEFA's critical applications to Microsoft Azure, enhancing flexibility and scalability. The collaboration extends until October 2027, with the goal of completing the migration by September 2022. Through this project, DXC aims to reduce time-to-market for new services and bolster development for innovative financial products, leveraging cloud-native technologies like Azure Kubernetes Service.
DXC Technology (NYSE: DXC) has secured a four-year contract with PreZero Group, a leading environmental services provider, to transform its IT systems. This collaboration aims to develop innovative waste recycling approaches for over 15 million citizens in Spain and Portugal. DXC will modernize PreZero's legacy IT estate, enhance digital platforms, and improve operational efficiency through cloud and security solutions. The partnership is expected to accelerate sustainable practices and strengthen PreZero's mission within the circular economy.
DXC Technology has appointed Raymond August as President of Insurance Software and Business Process Solutions, effective March 7, 2022. He will lead the growth and development of DXC's insurance software and business process services, focusing on enhancing revenue growth and operational transformation for clients. Starting in the first quarter of FY23, DXC will report these businesses separately within its Global Business Services. August brings nearly four decades of industry experience, most recently as CEO of Benefitfocus.
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