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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.
Checkmarx, a leader in cloud-native application security, is enhancing its collaboration with DXC Technology to offer scalable and comprehensive AppSec programs globally. DXC will now sell and support the Checkmarx One platform, providing enterprise-grade protection across the software development lifecycle, helping organizations to reduce costs, risks, and accelerate digital transformation and cloud migration. This partnership leverages over 5000 experts and a vast ecosystem of partners to deliver tailored security solutions, improve software quality, and speed up the market readiness of applications. Key benefits include holistic application security, reduced risk, and cost efficiency.
DXC Technology (NYSE: DXC), a major global tech services firm, announced its commitment to achieving net-zero Scope 1 and 2 greenhouse gas emissions by 2050. This includes a near-term goal to cut emissions by 65% by 2030, based on 2019 levels. The company's emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). Since 2019, DXC has cut energy consumption by 44% and reduced Scope 1 and 2 emissions by 58%. The firm also uses over one-third renewable energy. DXC's hybrid work model and energy efficiency measures have been key in their sustainability efforts.
DXC Technology, a leading global technology services provider, has appointed Kaveri Camire as Senior Vice President and Chief Marketing Officer. Camire, who has a 20-year tenure at IBM, will oversee DXC's global marketing and communications strategy. Her responsibilities include enhancing brand positioning, digital campaigns, and external relations. DXC's President Raul Fernandez praised her expertise in global marketing and her ability to drive transformation. Camire's appointment follows other recent senior leadership additions, indicating DXC's commitment to strategic growth and transformation. She will leverage her experience to align DXC's brand strategy with client-centric stories and innovative solutions.
DXC Technology has introduced DXC Fast RISE with SAP, aimed at accelerating the implementation of SAP's S/4HANA within a year. This service aims to help businesses achieve quicker time-to-value and lower total cost of ownership. DXC leverages its extensive history and client relationships with SAP to offer first-to-market capabilities and unmatched intellectual property across various industries. The service includes a comprehensive assessment to grasp the full scope of the SAP transformation. DXC's initiative has been awarded the America's SAP User Group (ASUG) Innovation Award for its implementation at Energy Harbor, with further successful deployments in Europe.
DXC Technology has announced a collaboration with Dell Technologies to enhance Enterprise Intelligence Services (EIS) using AI and advanced technologies. This partnership aims to transform data into holistic enterprise insights, empowering organizations with real-time analytics, predictive modeling, and market trend anticipation. The initiative involves building an AI-driven architecture based on Dell's Validated Design for Generative AI with NVIDIA, focusing on data-driven decisions and operational efficiency. DXC's integration of AI across various enterprise aspects aims to enhance customer experiences, product development, and regulatory compliance.
DXC Technology (NYSE: DXC), Ferrovial (NASDAQ: FER), and Microsoft have announced a collaboration to develop Quercus, a generative AI platform. The platform aims to help organizations worldwide integrate secure, responsible AI solutions to enhance efficiency and profitability. DXC will standardize and commercialize Quercus, running on Microsoft Azure and OpenAI technology. Ferrovial has already implemented an early version, creating an AI virtual assistant for various business activities. This initiative is expected to revolutionize AI-supported business services, offering significant competitive advantages for users.
DXC Technology reported Q4 FY24 revenues of $3.39 billion, a 5.7% YoY decline. The diluted EPS was $(1.10), an improvement from $(3.38) in Q4 FY23, while non-GAAP EPS was $0.97. Operating cash flow stood at $280 million, with free cash flow at $155 million. For FY24, free cash flow totaled $756 million. The company repurchased 6.2 million shares for $138 million. Segments showed mixed performance: GBS revenue fell 2.2% YoY, contributing $1.71 billion, while GIS revenue declined 9.0% to $1.67 billion. FY25 guidance includes revenues between $12.67 billion and $12.95 billion, with non-GAAP EPS between $2.50 and $3.00.
CEO Raul Fernandez expressed confidence in the company's future, highlighting the talent and value DXC brings to its customers.
DXC Technology, a Fortune 500 global technology services company, will participate in investor conferences hosted by J.P. Morgan and TD Cowen in May 2024. The President and CEO, Raul Fernandez, will hold investor meetings and fire side chats at these events, providing a webcast for the audience.
DXC Technology announced the appointment of Cameron Art as General Manager of the Americas and UKI markets, bringing over 25 years of tech experience. Art will focus on growth strategy, client relationships, and global strategic deals. With a background at IBM , Art's expertise will aid in driving profitable growth for DXC Technology.
DXC Technology appointed Patrick Thompson as Senior Vice President, Enterprise Transformation, bringing expertise in global enterprise business transformation. Thompson's background includes leading turnarounds, operational improvement, and global business services integration for Fortune 500 companies. He joins DXC to drive profitable growth and sharpen execution. His appointment follows DXC's recent leadership additions, emphasizing a focus on operational improvement and growth.
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