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Overview of DXC Technology
DXC Technology is a vendor-independent IT services provider specializing in comprehensive and integrated technology solutions. Leveraging decades of industry experience, the company offers a broad portfolio that includes cloud computing, security solutions, IT outsourcing, and modern workplace services. DXC Technology excels in combining deep technical expertise with strategic consulting to help global enterprises optimize critical IT systems and achieve operational excellence. With an extensive legacy rooted in the merger of prominent industry players, DXC continues to deliver services that support the digital transformation initiatives of diverse organizations.
Business Segments and Service Offerings
DXC Technology operates primarily through its two distinct segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GIS segment, which is a significant revenue generator, is designed to deliver end-to-end solutions that encompass cloud integration, security frameworks, and IT outsourcing. Meanwhile, the GBS segment focuses on delivering consulting and managed services to address complex business and technology challenges. Using a holistic approach to client engagement, DXC integrates data management, business intelligence, AI, and IoT to extract actionable insights and drive performance improvements.
Industry Partnerships and Technological Innovation
The company is committed to staying at the forefront of technological innovation and strategic alliances. DXC Technology collaborates with industry giants on initiatives that include next-generation AI platforms, secure digital transformation, and intelligent enterprise solutions. These alliances, with partners in cloud, security, and modern workplace transformation, ensure that DXC consistently delivers tailored and scalable solutions for complex business requirements. By standardizing innovative solutions and placing an emphasis on responsible technology integration, DXC advances operational agility and enhanced service delivery for its clients.
Operational Excellence and Global Reach
With a robust global network, DXC Technology operates in multiple regions worldwide, leveraging its extensive talent pool and a diversified partner ecosystem. Its operations are supported by a strong foundation of technical expertise and operational rigor. The company's extensive geographic footprint enables it to cater to the needs of large enterprises and public sector organizations, ensuring that services are both resilient and adaptive to the evolving market landscape. The strategic distribution of its service centers across global regions further reinforces its capability to manage mission-critical systems and IT operations.
Commitment to Client Success and Industry Expertise
DXC Technology has built a reputation for its balanced approach to innovation and operational stability. By focusing on high-value IT solutions and maintaining independence from technology vendors, the company provides unbiased advice and customized services that facilitate digital transformation. Its focus on secure, efficient, and scalable IT infrastructures reflects a deep understanding of the challenges faced by modern enterprises. DXC's comprehensive methodology encompasses strategic consulting, technical modernization, and a commitment to operational excellence, ensuring its customers receive solutions that are timely, effective, and centrally coordinated.
Key Differentiators
- Vendor Independence: DXC Technology’s unbiased approach to IT service delivery ensures that clients receive solutions tailored to their unique requirements without proprietary constraints.
- Integrated Service Model: With synchronized offerings in both Global Business Services and Global Infrastructure Services, DXC provides a seamless, end-to-end technology experience.
- Global Reach and Expertise: Serving a vast array of clients in diverse geographies, the company combines technical depth with local market insights.
- Strategic Partnerships: Its collaborative initiatives with leading technology firms help in deploying innovative, scalable IT solutions for complex operational challenges.
This comprehensive overview underscores the multifaceted nature of DXC Technology and its enduring role in shaping the digital future of global enterprises. The company continues to refine its service portfolio and operational strategies to ensure that businesses can leverage advanced technologies without disruption, thus maintaining operational integrity and competitive relevance in a dynamic market environment.
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.
DXC Technology (NYSE: DXC) has been selected by Copasa to modernize its back office and commercial processes to enhance water and sanitation services in Brazil. The transformation will utilize SAP S/4HANA and cloud applications to improve operational efficiency and customer service for 11.8 million people. The project involves over 200 professionals from DXC and Copasa, fostering a long-term partnership with SAP. Executives from Copasa acknowledge that the initiative will enhance agility, security, and customer experiences, positioning them for future challenges.
DXC Technology (NYSE: DXC) has been selected by First Horizon Bank to provide commercial credit card processing services, targeting a 150% growth in volume. This partnership builds on over a decade of collaboration with IBERIABANK. DXC will offer a comprehensive technology suite, including 24/7 customer support, advanced fraud protection, and a robust card management platform. The relationship reflects First Horizon's commitment to enhancing client experiences and operational efficiency.
DXC Technology has finalized the sale of its healthcare provider software business to Dedalus Group for approximately $450 million. This divestiture aligns with DXC's strategy to focus on the Enterprise Technology Stack. CEO Mike Salvino stated that the move strengthens DXC's balance sheet and creates value for stakeholders. Dedalus aims to enhance its clinical IT presence and is set to integrate its offerings to improve healthcare outcomes. This transaction marks a significant step in Dedalus's growth strategy initiated four years ago.
DXC Technology has successfully completed its cash tender offers for its 4.450% senior notes due 2022, expiring on March 22, 2021, with total valid tenders of approximately $120.8 million from its notes and $6 million from its subsidiary's notes. The company plans to pay for the accepted notes on March 23, 2021, and will retire remaining notes totaling $153.7 million and $164.8 million on April 15, 2021. MUFG Securities acted as the dealer manager for this transaction.
DXC Technology Company announced cash tender offers for its senior notes due 2022, providing a consideration based on U.S. Treasury Security yields. The offers expire on March 22, 2021. Holders must tender their notes before the expiration or comply with guaranteed delivery to receive payment. Notes not validly tendered will be retired on April 15, 2021. MUFG Securities Americas is the dealer manager, and Global Bondholder Services Corporation is the tender agent. This press release contains forward-looking statements and clarifies it does not constitute an offer to sell any notes.
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