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 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.
DXC Technology (NYSE: DXC) will release its financial results for Q1 of fiscal year 2022 on August 4, 2021, at 4:15 p.m. EDT. A conference call and webcast will follow at 5:00 p.m. EDT, accessible via U.S. dial-in +1-833-979-2847 and international dial-in +1-236-714-2943 (passcode 4469601). A replay will be available until August 11, 2021. DXC provides IT solutions for global companies, modernizing operations across cloud platforms. The company emphasizes risk factors related to forward-looking statements amid ongoing uncertainties from COVID-19.
DXC Technology has been recognized as a leader in the 2020 ISG Provider Lens™ for Insurance Business Process Outsourcing (BPO) Services in the U.S. This includes Life & Retirement Services, Property & Casualty Services, and Third-Party Administrator Services. The reports assessed 18 vendors based on criteria such as innovation and market presence. DXC's strengths lie in its technology solutions like DXC Assure for Life and Wealth, extensive partner ecosystem, and 35 years of industry experience, which enhances insurance processing and customer engagement.
DXC Technology (NYSE:DXC) announced a virtual Investor Day on June 17, 2021, where CEO Mike Salvino and his team will discuss their transformation journey. The event aims to showcase the company's focus on attracting talent and improving customer relations, which are contributing to stable revenues and expanded margins. DXC emphasized expectations for continued momentum and organic revenue growth in FY22, while reiterating guidance for the first quarter and full year FY22. A webcast will be available on the DXC Investor Relations website.
DXC Technology has appointed Brenda Tsai as Executive Vice President and Chief Marketing and Communications Officer, reporting to CEO Mike Salvino. Tsai brings over 26 years of experience in global brand building, data analytics, and demand generation from previous roles at companies like BNY Mellon, GE, and P&G. Her leadership is expected to enhance DXC's transformation and growth strategy. Salvino emphasized her strategic capabilities in driving DXC's objectives. This appointment reflects DXC's commitment to strengthening its marketing function amidst ongoing business evolution.
DXC Technology (NYSE: DXC) reported its fourth quarter and fiscal year 2021 results, with revenue of $4.385 billion, down 8.9% year-over-year. However, this figure exceeded prior revenue guidance and marked a 2.3% sequential increase. Adjusted EBIT margin improved to 7.5%, surpassing expectations. Despite a net loss of $(804) million, the company continues to show organic revenue stabilization for three consecutive quarters. The book-to-bill ratio stood at 1.08x, indicating strong business momentum expected to continue into FY22.
DXC Technology (NYSE: DXC) has secured a 7-year extension of its IT services agreement with the Flemish Government, enhancing public services through innovative solutions. This collaboration focuses on improving security, performance, and efficiency within mainframe operations as transaction volumes rise. DXC will leverage its Enterprise Technology Stack to support a hybrid cloud infrastructure, aiming to simplify public sector tasks while addressing citizens' needs. The extension reflects an 18-year partnership, underscoring the Government's trust in DXC as a reliable IT partner.
DXC Technology (NYSE: DXC) will release its financial results for Q4 fiscal 2021 on May 26, 2021, at approximately 4:15 PM EDT. A conference call and webcast will follow at 5:00 PM EDT, with dial-in numbers provided for domestic and international callers. The event will include a passcode for participation.
Additionally, DXC will host a virtual Investor Day on June 17, 2021, at 9:00 AM EDT, discussing future plans. Webcast details will be available on their Investor Relations website.
DXC Technology (NYSE: DXC) has secured a five-year extension of its agreement with Zurich Insurance Group, enhancing IT and security services pivotal for Zurich's IT transformation. The deal enables Zurich to leverage DXC’s Enterprise Technology Stack, facilitating faster application deployment and improved operational resiliency. This partnership aims to elevate customer and employee experiences significantly, aligning with Zurich's digitization strategy, as stated by leaders from both companies.
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