Welcome to our dedicated page for DXC Technology Company news (Ticker: DXC), a resource for investors and traders seeking the latest updates and insights on DXC Technology Company stock.
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 (NYSE: DXC) and Lenovo have partnered with Dr. Peter Scott-Morgan to create assistive technology solutions for individuals with disabilities. The collaboration aims to merge AI, robotics, and software to empower users facing health challenges. Scott-Morgan, diagnosed with motor neuron disease, emphasizes the potential of technology to enhance quality of life. Key initiatives include autonomous wheelchairs, photo-realistic avatars, and smart home integrations. Lenovo supports the effort with hardware donations, while DXC provides technology integration expertise.
DXC Technology (NYSE: DXC) recently celebrated its rebranding by ringing the New York Stock Exchange Closing Bell. CEO Mike Salvino and the leadership team emphasized the new brand's commitment to delivering excellence for customers and colleagues. This event underscores DXC's focus on modernizing IT and optimizing data architectures, aiming to enhance performance and customer experience. DXC serves numerous global enterprises, relying on its extensive technology services to drive competitive advantage.
DXC Technology (NYSE: DXC) will participate in the Citi Global Technology Conference on September 14, 2021. President and CEO Mike Salvino is scheduled for a fireside chat at 9:40 a.m. EDT. The event will be accessible via the 'Events and Presentations' section on DXC's investor webpage at https://investors.dxc.com.
DXC Technology aids global firms in modernizing IT and optimizing operations while ensuring security across various cloud environments, positioning itself as a trusted partner for enterprise technology solutions.
DXC Technology (NYSE: DXC) announced a bond offering, raising
DXC Technology (NYSE: DXC) will participate in Deutsche Bank's annual Technology Virtual Conference on September 9, 2021. President and CEO Mike Salvino is scheduled for a fireside chat at 9:10 a.m. EDT.
The presentation will be accessible on DXC’s investor webpage. As a leader in technology services, DXC helps global companies optimize IT, data architectures, and security.
For more details, visit DXC’s investor page.
DXC Technology (NYSE: DXC) announced the pricing of €1.35 billion in senior notes, including €750 million due in 2027 at 0.450% and €600 million due in 2031 at 0.950%. The issuance aims to refinance existing debt, including a €400 million Euro-denominated term loan and other senior notes, enhancing DXC's capital structure. CEO Mike Salvino emphasized the importance of financial stability in their transformation efforts. The offering is anticipated to close on September 9, 2021, and the notes will not be registered under the Securities Act.
DXC Technology (NYSE: DXC) has appointed Chris Drumgoole as Executive Vice President and Chief Operating Officer, effective immediately. Drumgoole, who joined DXC as CIO in March 2020, will oversee daily operations and support the company’s transformation efforts. His responsibilities will include global supply chain management and IT strategy. CEO Mike Salvino highlighted Drumgoole's positive impact on simplifying IT infrastructure and enhancing employee experiences during the pandemic. With over 20 years in the digital and IT sectors, Drumgoole's extensive background includes leadership roles at GE and Verizon.
DXC Technology (NYSE: DXC) and Mosaic Insurance have launched a cutting-edge insurance technology platform designed to streamline the sale, underwriting, and servicing of specialty insurance. This innovative platform enhances underwriting speed and risk assessment through the integration of DXC’s advanced technology services, including analytics and AI. The platform is entirely cloud native and aims to transform insurance processing while reducing costs. Mosaic’s COO emphasizes the model's capability to automate interactions across the risk life cycle.
DXC Technology (NYSE: DXC) announced its Q1 FY22 results, reporting revenues of $4.141 billion, a decrease of 8.0% year-over-year. Net income improved to $282 million from a loss of $199 million in the previous year. The EBIT margin reached 11.3%, up from (3.2)%. Notably, the company achieved a book-to-bill ratio of 1.12x. For Q2 FY22, DXC anticipates revenues between $4.08 billion and $4.13 billion with organic revenue growth expected at (1)% to (3)%. The company reaffirmed its fiscal year 2024 guidance for positive organic growth and adjusted EBIT margins.
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